http://www.ninc.com/blog/index.php/archives/writers-nightmare-budgets The international organization of multi-published novelists Sun, 19 May 2013 15:31:05 +0000 hourly 1 http://wordpress.org/?v=3.5.1 http://www.ninc.com/blog/index.php/archives/writers-nightmare-budgets/comment-page-1#comment-21427 Elaine Isaak Tue, 02 Aug 2011 11:12:03 +0000 http://www.ninc.com/blog/?p=7593#comment-21427 Thanks for weighing in! You make several good points, especially about keeping track of income and expenses as you go. Can save a big hassle later on!

]]> http://www.ninc.com/blog/index.php/archives/writers-nightmare-budgets/comment-page-1#comment-21421 Cait London Mon, 01 Aug 2011 18:07:14 +0000 http://www.ninc.com/blog/?p=7593#comment-21421 In addition to Elaine’s post: Whenever I received a payment for whatever, it went into my spreadsheet. But I was always very careful to call my tax person, per quarter with my profit or not. She told me how much I could put into my SEP/IRA and Roths, etc. She kept track of my quarterly Tax payments, done per quarter, rather than divided into equal payments. By the end of the tax year, I usually came out ahead, and I work very hard on my spreadsheets/expenses, etc. Some writers completely forget these payments to their own retirements, and some even forget they will owe big-time, if not keeping alert. So a good tax person is a must.

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