I know there are a lot of things I can deduct from my taxes but I’m also aware that I’m not earning very much. In fact, I don’t pay tax because I don’t reach the taxable income threshold.

Tax is a sticky subject but I know it’s important to keep receipts and records for a number of years. I can claim expenses for the past few years when my yearly income (specifically from writing) does begin to get taxed.

It’s at the point you decide to go pro that you really should talk with an accountant or financial advisor to at least understand the laws and our responsibilities because it can be very easy to make costly mistakes.

I’m not a tax expert, but your off-hand comment about wondering if you can deduct your DVDs caught my attention.

In the US, at least, anything you use AS A WRITER to further your business, should be a deductible expense. This includes all books — yes, even fiction, not just how-to-write non-fiction, and NOT just the fiction genre in which you are writing.

As writers, we must read widely and voraciously to become better writers (on-going education). Most importantly, we need to know our marketplace, which is constantly evolving (also on-going education). That means all subscriptions to our industry’s trade journals should also be deductible.

If it’s a tool you need to use to conduct your writing business (and let’s face it — if you don’t see it as a business, you’ve just got a hobby. That’s how the US tax authorities see it, too.) then that tool should be deductible. Otherwise, you’re missing out on significant tax savings as you build your business and hone your skills.

The only way we can keep up with our industry and grow as writers is to take classes, attend conventions, participate in writer’s groups, keep up with industry trade journals (Writer’s Digest, The Writer, and the many wonderful online magazines and newsletters), and to watch/read, study and analyze films, TV series, and books — lots and lots of books.

That, and having a life. Without a life rich with experiences and interaction, not to mention times of reflection, of observing the human condition, of eavesdropping on conversations to catch great dialogue bits, then it’s hard to create someone else’s life on paper.

So do CHECK WITH A TAX EXPERT, or CHEAPER, try doing your own taxes with a computer-based program. Don’t know if you have an Australian version of TurboTax, but I couldn’t function in my business without it. It guides me through every little step I need to take. (This year I used their online version – no need for a CD or to download, but I recommend a broadband connection.)

I don’t have to worry about what forms to file, what things are allowed, and I especially don’t need to slog through the tax instruction and information booklets. Those could use some serious help for clarity… They need writers!

Deb Gallardo
The Story Ideas Virtuoso
http://debgallardo.com/virtuoso
(Blog for writers)

Great to see you again Natasha. It is always interesting to go from being a simple viewer to a writer/viewer. Sometimes I miss those days when I didn’t notice quite so much about stories. After a while movies and t.v. episodes start becoming easier to predict which can sometimes spoil the ending but it’s also fun to try and guess how things will turn out.

I think series to DVD is fantastic because it lets us watch in our own time and episode after episode with fewer gaps. The lack of ads is great too. I don’t watch much on actual t.v. any more. I’d rather wait till it’s released on DVD.

I missed out on seeing Rome. It’s one I want to watch. I’ll have to hunt it down.

You can learn a great deal from Movies too Michele but not to the same degree as t.v. series. I try to watch from as many genres as possible but often return to my favorites. Each genre has its own lessons too so if you’re used to watching specific genres it could be a fun experiement to watch something you wouldn’t normally consider with your writer’s mind switched on.

lol It sure is distracting. In fact, sometimes writing our own stories is the only way to relax. Instead of picking apart the work of others we can enjoy the journey of discovering a story where we do have control of the direction it takes.

I haven’t seen “Firefly” Anne. I’ll have to see if I can check that one out. I haven’t heard of it either. I definitely recommend checking out some of these series even if it’s only as research. You could always hire them from your local entertainment (video/dvd) store. I expect if you go on to write specifically from your viewing experience (perhaps reviews or topic related articles) you could definitely write it off as a tax deduction.

I haven’t seen any of the series you mention, either! I just finished seeing “Firefly” (a series that shouldn’t have been cancelled) and catching up through all the years of “24.”

You’re very analytical. I may have to watch the shows you’re talking about to understand this series. Let me know if you CAN write off the DVDs….

I’m more of a “good movie” type girl. Inspirational movies with hard times, yet in the end everyone has come together and “it all worked out.” I also love comedy.

I know what you mean, though. I can’t seem to turn my brain off while I’m watching tv and just relax. I’m thinking, “I would have written that scene differently.” or “I never would have ended the story that way!”

My mind wheel always turns, but sometimes it’s exhausting and distracting ;0)

Smiles,
Michele

I have to admit, I’ve only recently ‘learnt’ to watch television shows as a story (after my husband and I watched every episode of Buffy and Angel over a year and a half). Before that, I was very sporadic in my watching of shows, and would always be wondering what was going on after returning to the show after a couple of weeks.

I loved the first series of ‘Heroes’ for the story, and also ‘Rome’ which was shown in NZ early last year.