My latest contract pays royalties. Pays. Royalties. My first publication had all proceeds being donated so I didn’t have to worry about accounting for money coming in, or all the other intimidating things I’ve been ignoring. Like paying taxes. But now the game has changed again. It’s time to get legitimate beyond a website address and some business cards. A step that felt enormous last year when I took it.
Now I need a business license and a business account. At least I think that’s what I need. In truth, I’m guessing on that. I know I need to figure out how to file taxes as an author before I have income as one next year. It’s amazing the things I didn’t know that I didn’t know until I got here… Time to consult the professionals who can tell me how to navigate through this uncharted territory.
I can’t wait to see what next year brings!