Laura Purdie Salas

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You are here: Home / How Much Money Does a Writer Make? – Resources

How Much Money Does a Writer Make? – Resources

Thanks for coming to my webinar! I really hope you found it useful.

First off, here’s the link to watch the webinar.

And here’s the link to download the activity sheet.

And I can’t believe I forgot to answer the one question that was asked in advance: I am interested in the taxes side of things. Did you create a company, and how do you file for taxes? I am sure it is similar to other freelance writing but I have never done it before.  

Answer: (Disclaimer: I am not a tax expert or financial advisor :>) I am not incorporated. I am a sole proprietorship. I do business as Laura Purdie Salas, even though my legal/tax name is Laura Jean Salas. I file taxes with my husband as a married couple, and I claim my writing income using Schedule C. I also use Form 8829 to claim Business Use of a Home. (And many other forms that go along with various deductions.) And, of course, I deduct all my expenses and mileage. I did our taxes for many years, including the first 5 or so years I claimed a writing income. But then I switched to a tax accountant who does the taxes for a number of self-employed freelance writers. It’s well worth the expense, as she knows about things I can deduct and about major expenses and how you have to depreciate those over the span of their life. I asked her shortly after I started using her for our taxes about whether or not I should incorporate. I don’t actually remember the details, but after she spelled everything out for me, it was clear that as a single businessperson without employees, I was better off as a sole proprietor. (I do deduct various expenses like my accountant and my attorney and my tech person, but they aren’t employees.) However, it’s worth asking this question to a financial expert of some sort who you can tell the details of your finances. I’ve only rarely run across a kidlit writer who has incorporated.I hope that helps! I’m so sorry I didn’t answer this in the webinar itself!

And here are some other resources  that might be useful.

  Making a Living Writing Books for Kids  
         
My annual income breakdowns   Some job boards I consult

  • Funds for Writers newsletters
  • FW: Freelance Writing Jobs
  • JournalismJobs.com
  • MediaBistro
  • WritersWeekly.com
  • Monster
  Researching publishers
         
Toggl – an online time sheet
  My Patreon Facebook Group – $5/ month with lots of discussion on the craft and business of writing for kids
   

 

 

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MAY NEWS

All 3 of my 2023 books are out now! Thank you to everyone who's celebrated with me, shared the books, or read/reviewed them. <3

Right now, I'm recovering from National Poetry Month! I'm also working on 2 tricky picture book revisions, and I'm preparing for a bunch of speaking events and storytimes! Join Yvonne Pearson and I for two loon-themed outdoor storytimes on June 6 and August 1. And on July 14, I'll be storying up a storm at Robert Trail Library! Hope to see you there!

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