Podcast for writers: Writing and Publishing Podcast

December 6th, 2012

Carol Topp

This fall I have enjoyed co-hosting the Writing and Publishing Radio podcast.

Some of the topics covered include:

  • Plagiarism
  • Building an author platform
  • Getting on television
  • Digital ebook awards
  • Ghost writing
  • Mystery writing
  • Formatting ebooks
  • Getting a self published book picked up by a traditional publisher
  • Writing political thrillers
  • Bad reviews on Amazon

You can listen to these shows in the archives here

or on iTunes here.


On December 17, 2012 my last podcast as a co-host, I’ll be sharing a Christmas present for you: An extensive list of podcasts, blogs, websites, books, etc that I follow and highly recommend. I have learned a ton from these resources. Listen in to hear my recommendations.

The Writing and Publishing podcast continues weekly with my publisher, Felice Gerwitz, as host.

Carol Topp, CPA




Business Tips and Taxes for Writers interview

December 1st, 2011

Interview 10/24/11 on business tips and taxes for writers

Felice Gerwitz

Join host, Felice Gerwitz and her special guest, Carol Topp, CPA. Carol will share information about her latest book, Information in a Nutshell: Business Tips and Taxes for Writers!

If you write you won’t want to miss this segment.

Carol was asked to write this book by publisher, Felice Gerwitz, to help other writer’s who struggle with the IRS rules in regard to income as an author.

Join us for this lively and informative episode!


Update on book Business Tips and Taxes for Writers

July 26th, 2011

Update on my  book Business Tips and Taxes for Writers

We have a cover!

I have just finished editing the formatted version of the book. It looks great inside!

My publishers is aiming for a September 2011 release date with an ebook soon to follow.

We’re making plans for marketing the book in a phone meeting next week.

Sign up for my newsletter at TaxesForWriters.com to receive information on the books release.

Carol Topp, CPA

Author of Business Tips and Taxes for Writers

Teleclass: Tax Breaks for Writers

January 14th, 2011

I will discuss the important tax legislation that Congress passed in 2010 and how it affects writers.

This members-only program will air on February 2, 2010 at 3:30 EST

Taxes and the Freelance Writer or Editor

Members will find call-in information for the classes in the member area of the NAIWE.com website. You’ll find it by logging in on any page of the site, then going to the Library link, then to the Expert Teleclasses link. NAIWE teleclasses are totally free for members ($27 each for non-members).
If you’re not a member and you’d like to join in time for the teleclass, you may click on this “Join NAIWE” link to do so. If you would like to register for the teleclass only, you may do so by visiting the Teleclass page. We hope you’ll join us!


Hop on over to the home page of TaxesForWriters.com to receive that handout from the show. Look in the bottom right corner for my report: New Tax Laws in 2010. Anything for Writers?

Carol Topp, CPA

1099MISC Reporting Requirement. Does it affect writers?

January 3rd, 2011

An author, Melanie, wrote to me asking about an upcoming tax reporting requirement:

I remember when ObamaCare passed that they also passed an amendment to the IRS regulations requiring you to issue 1099s to anyone to whom you made a payment of more than $600, including suppliers. Do you know if we need to do that for this year or will it start later? (Or hopefully, be repealed)

Thanks for your help,


Well, Congress tried twice to overturn this 1099MISC requirement that was a part of the Patient Protection and Affordability Act (ObamaCare), but neither attempt succeeded.

I learned the details about one of the bills to overturn the reporting requirement and it was more complicated than the original! It had different dollar thresholds based on the type of transaction and an exemption if a credit card was used (bu no mention of a debit card!). I was imagining some of my small business clients dealing with all of that in their QuickBooks programs! Ugh!!!

As of today (Jan 3, 2011), all businesses will be required to send 1099MISC forms to all suppliers including corporations for payments made beginning Jan 1, 2012.

That means that in 2012, you will need to collect W-9 forms (that request legal names and SSNs or EINs) from every business that you purchase more than $600 in goods or services. This means even corporations like a hotel chain or Office Depot!

You have all of 2011 to get your record keeping in place. Make sure that your accounting system is keeping track of payments issued to specific vendors, contractors, and other businesses. Track the name, address, and taxpayer identification number of the vendor. Make sure that your accounting system can separate payments made by credit or debit card from payments made by cash or check. QuickBooks can do all that if you or your bookkeeper enter in all the information as each bill is paid.

From http://www.accountingweb.com/blogs/scotth/exuberant-accountant/get-ready-onerous-new-1099-reporting-rules

Fortunately, the new Form 1099 reporting rules don’t cover payments made before 2012. So there’s still plenty of time to plan for what is likely to be a daunting task…use it wisely!

By the way, I wrote to each of my US senators about this onerous reporting requirement and explained that it was an unnecessary burden on small businesses. Both of my senators now say they oppose the reporting requirement and will work to overturn (or amend) it.

Carol Topp, CPA

Congress passes largest tax bill in a decade. Good news or bad for writers?

December 29th, 2010

Wall Street Journal reported that:

Congress passed the most far-reaching tax bill in a decade, averting across-the-board tax increases, enacting new breaks for individuals and businesses and laying a marker for how Washington might work in an era of divided government.

The measure includes retention of the Bush-era tax rates and breaks for all earners for two years, as well as protection through 2011 from the Alternative Minimum Tax for more than 20 million mostly middle-class households. It includes a new payroll-tax credit for virtually all workers, as well as a 13-month extension of benefits for the long-term unemployed. The wealthy won a lowered estate tax rate for the next two years of 35% on estates of more than $5 million.

Middle-income Americans fared best from the deal, due in large part to the new payroll-tax holiday, according to the nonpartisan Tax Policy Center. Those with the largest average gain in after-tax income, compared with current tax policies, earn between $35,000 and $64,000. They gain about $613, or 0.9% of their income.

Source: Wall Street Journal, December 12, 2010

When President Obama signs the bill, it will keep in place the so-called Bush tax cuts for another two years (2010 and 2011), offer a 2% reduction in FICA taxes (Social Security) for one year and offers another AMT patch.

The 2% reduction in FICA tax applies to self-employed workers also, so that’s good news for freelance writers and editors!

This bill means good news for most of my tax clients. It also means I better get signed up for a Continuing  Professional Education (CPE) class in January so I know the details of the bill. I’ve already taken two tax classes in October and November understanding the bills passed in 2010. Ohio CPAs who sign tax returns are required to take 24 hours of classes in taxes every year.

The IRS will be frantic trying to get forms and their programs ready. Be prepared for some delays this tax season.

Carol Topp, CPA

IRS, Taxes and Your Accountant

February 27th, 2010

Janice Campbell will be interviewing me on her The Freelance Life online radio show, sponsored by the National Association of Independent Writers and Editors (http://www.NAIWE.com)

on Tuesday March 2, 2010.

Listen in live at 3:30 EST.  If you cannot listen live, the show will be available in iTunes!

The podcast is hosted at http://www.talkshoe.com/tc/38165.

The topic is a timely one: IRS , Taxes and Your Accountant

Here’s the show’s description:

In honor of Words Matter Week, we’ll be hosting Carol Topp, a Certified Public Accountant who specializes in small business to talk about Understanding the IRS, Your Tax Return and Your Accountant. Carol offers free tax information service to NAIWE members, and she is very familiar with issues writers and editors tend to question. Don’t miss it!


February 27th, 2010

I’m brand new to NAIWE.  I joined at the invitation of Janice Campbell.

Janice and I were virtual friends before we met face to face in 2009 at the Home Educators Association of Virginia convention.

By way of introduction, here is my biography:

Carol Topp, CPA (www.CarolToppCPA.com) is an accountant specializing in tax preparation, small/micro business accounting, and nonprofit accounting.

She is the is the author several books including Homeschool Co-ops: How to Start Them, Run Them and Not Burn Out, Micro Business for Teenagers and Information in a Nutshell: Business Taxes and Tips for Authors and Publishers and, as contributing author, Home Work: Juggling Home, Work and School Without Losing Your Balance. She has also published several magazine articles in The Old Schoolhouse, Home Education, Homeschool Enrichment magazines and the National Association of Tax Professionals TaxPro.

Carol is a member of the Ohio Society of CPAs Speakers Bureau and the Old Schoolhouse Speakers Bureau and has presented numerous workshops on money management, business start up, taxes, budgeting and homeschooling to various community, church and homeschool organizations.

Carol was born and raised in Wisconsin and graduated from Purdue University with a BS in Engineering. She worked ten years for the US Navy as a cost analyst before staying home with her two daughters. While being a stay-at-home mom, Carol took accounting classes via distance learning. In 2000 Carol received her CPA license and opened her own practice.

Carol lives in Cincinnati, Ohio with her husband and has two daughters, one in college and one finishing homeschool high school.