tag:blogger.com,1999:blog-2971099182901166958.post162804613675533408..comments2023-08-06T10:30:54.109-05:00Comments on Emerging Author: Motivate Me!Juliehttp://www.blogger.com/profile/04663193000124134500noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2971099182901166958.post-18294262729480783312009-05-08T11:50:00.000-05:002009-05-08T11:50:00.000-05:00Hmmm, I suck at income tax stuff. Hence the accoun...Hmmm, I suck at income tax stuff. Hence the accountant. I have read more than once that 15% is standard. I think that will be enough for this year anyway, since I anticipate write offs and fairly small profit. I would double check that if you're really making big bucks though!Juliehttps://www.blogger.com/profile/04663193000124134500noreply@blogger.comtag:blogger.com,1999:blog-2971099182901166958.post-58423896631485527302009-05-08T10:19:00.000-05:002009-05-08T10:19:00.000-05:00great post, again, Julie! I completely agree with ...great post, again, Julie! I completely agree with your concept on the third issue and need to open a separate checking account for my writing. Not only will it help to motivate growing that bottom line, but the few little checks that do come in won't get spent on frivolous "things." I have alist of big ticket purchases I feel will help my career/professionalism and with my own account I won't have to go to my husband aka Family Budget Commander to ask for $35 for a yr of Writers' Market online access.<br />Thanks, Julie!<br />P.S. How do you figure what to hold for taxes? I remember you spoke to an accountatn about becoming a "business"...maybe anotehr post topic? : )Mary Johttps://www.blogger.com/profile/06729559222307081988noreply@blogger.comtag:blogger.com,1999:blog-2971099182901166958.post-9747113172903034212009-05-07T12:44:00.000-05:002009-05-07T12:44:00.000-05:00Jennifer--I LOVE that idea. I am going to look int...Jennifer--I LOVE that idea. I am going to look into that soon. Thanks so much for your input. I love it when we can help each other out.Juliehttps://www.blogger.com/profile/04663193000124134500noreply@blogger.comtag:blogger.com,1999:blog-2971099182901166958.post-588428234540815012009-05-07T11:47:00.000-05:002009-05-07T11:47:00.000-05:00I opened a business savings account, and I put 30%...I opened a business savings account, and I put 30% of all moneys earned by writing into that as soon as I deposit the check in my main business account. It's at ING so that it is accessible when I need to pay my quarterlies, but not when I want to buy a new toy for writing.Anonymousnoreply@blogger.com