Category Archives: Taxes

Tax Chips at Book Profits

Sometimes I question why most authors are so under-valued. They spend so long writing their books – literally months a few hours every day – then they’re paid small amounts for each book and finally they’re taxed. If you reach the thousands of copies purchased each day, then the endeavour might be worth it, but most of us authors are overjoyed when purchases number a handful a week.

I have just gone through the agony of an online ‘Tax Interview’ in order to print some of my books in softcopy through CreateSpace.

CreateSpaceDashboard

Taxes due no matter how little

Now, don’t get me wrong, I LOVE the digital opportunity for writers provided by Amazon and digital publishers like Kobo and Issuu. They gave me the confidence to take my writing to the next level. But governments have now realised there is a stream … well maybe a trickle … of revenue they were not tapping into. Consequently we writers have to register as foreigners if we’re earning money from the US through Amazon.

The process has taken me a couple of hours – not because it was particularly difficult but because the terms are described in legal-speak and not given an explanation in common english. I’m sure those for whom english in a not a first language must be even more perplexed.

CreateSpace’s Taxing Tax Interview

Finally, after searching on several search terms I finally came across thirty-something blogger Catherine Howard’s  informative post that answered the one question I couldn’t find an answer for anywhere else, even after reading Amazon’s CreateSpace Tax Information Guide.

Catherine’s Blog on Completing Your Tax Interviews is a godsend in that she has taken the time to capture the full process in images. I would highly recommend that you have this open on your second screen, or even (said in muted tones with a touch of apology for my old-fashioned view) printed out. 

Thank-you Catherine. I’m finally ready to start researching how to put up my new title on CreateSpace.

Heather Sylvawood, Writer at WriteGear
www.writegear.co