Novel Marketing How Authors Can Stay out of Jail
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Jan 21, 2026 Join Seth Norris, a CPA who specializes in guiding authors through the financial maze, as he unpacks the essentials of bookkeeping and taxes. Learn why a simple weekly bookkeeping rhythm can save you from tax-time stress. Discover how the IRS differentiates a hobby from a business, and the most common financial pitfalls authors face. Seth also shares valuable tips on deductible expenses and the importance of documentation. If you want to retain more earnings for your craft, this conversation is a goldmine!
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Pick Bookkeeping To Fit Your Goal
- Use bookkeeping only for the purpose you need, like simple tax tracking or advanced KPIs.
- If you need basic tax tracking, export bank transactions to Excel and categorize them weekly to create a P&L.
Automate And Review Books Weekly
- Use Xero (or similar) and connect bank and credit cards to import transactions automatically.
- Check and categorize transactions weekly to catch errors, fraud, and avoid large backlog work.
Separate Business Bank Accounts
- Open a separate business bank account and use a dedicated business card for all business transactions.
- Keeping accounts separate prevents 'intermingling' and simplifies bookkeeping and legal protections.
