Would you take business advice from a guy who sells bootlegged CDs out of his trunk? Sounds like a silly question, doesn't it? Well, don't make up your mind too quickly. Let me tell you a story.
I used to work at a convenience store. When I first started, there were these two guys making the rounds of stores in the neighborhood. The bigger guy carried a black binder, held snuggly under his arm. "Do you watch movies," he asked.
And, that was all it took. Seconds later he had his binder spread across the counter. "Three dollars each, two for five dollars. Five for ten dollars. You will not get a better deal anywhere."
Those few words were all it took to get our money, and ten or twenty dollars more from several of our customers.
So why did I tell you that story?
Like most people, I cannot say no to a great deal. The only problem is, what seems like a great deal can quickly go sour.
When I got home, and we started watching those movies, the picture was bumpy. At times the picture or sound dropped out completely, and every now and then, someone would get up, and walk across the screen in front of the movie.
Those movies taught me a valuable lesson.
You can buy stuff on the cheap, but that is all you are going to get. Cheap stuff.
The same goes for advice. There's a lot of free advice available on the internet, but a lot of it is overpriced, even when you're getting it for free.
When I first started writing, I got all of my tax advice from blog posts. One of the things every blogger said was, "Don't take the home office credit. It will trigger an IRS audit."
I followed that advice the first couple years. I know I did not want to risk an audit.
Several years later when I found an accountant, he suggested I take the home office deduction, and I found myself looking at him like he was some sort of killer clown from outer space.
I asked if he understood how dangerous it was? I explained how I did not want to trigger an audit. Then I asked just what kind of professional he was to suggest such a thing.
And, that is when I discovered this one truth that will help you make more money from your writing business.
Not everything you read on the internet is true!
Shocking advice, but I stand by it.
I have been writing and selling online for close to fifteen years now. During that time I have learned a lot about bookkeeping, business permits, and taxes.
During that same time, I managed to save thousands of dollars in taxes by saving my receipts and keeping good records.
And, so here's the deal...
> Did you know GoDaddy has an app that can automatically import all of your bank accounts, credit card info, and other important information and crunch the numbers to show whether you're making a profit or loss?
> Did you know that same app will also import all of your information from eBay and Amazon if you also sell online?
> What would you say if I told you that you could save $500 or more on your taxes every year just by writing down the mileage when you head to the post office, library, bank, or anywhere you frequent to write or conduct research?
> And, you'd probably think I was out of my mind if I told you that you could deduct parts of your next vacation from your taxes.
It seems hard to believe, doesn't it?
The last thing I need to tell you is I'm not a bookkeeper or tax professional. I didn't study accounting in school, but I have kept my own books for fifteen years. I completed my taxes by myself, and had them reviewed for accuracy by a professional.
The advice in this little book can easily save you thousands of dollars every year.
The question you need to ask yourself is, is it worth $4.99 to save thousands of dollars on your taxes?