Well, holiday is over. The freeze isn’t – there is an on-off skating rink outside as the weather oscillates either side of freezing. Still, it’s time to get back to work.
First I have to deal with my tax return. I have put it off this year because I know I won’t get a rebate this time and will actually have to pay some, so the incentive to fill in that form was lost. My accounts are a simple in/out system as a sole trader, no complex calculations or interesting accounting methods here. Still, it takes time to put it all together.
I have a lot of tiny income streams rather than one big one. I have my own accounts for previously published books as well as accounts for Leg Iron Books. I could delete those accounts and republish everything under LI Books but I’d lose any reviews that have accumulated. That’s already happened with Samuel’s Girl and Jessica’s Trap, which was unavoidable. They were with another publisher and I moved them when the contracts ran out. That meant new listings which aren’t linked to the old listings. Can’t be helped.
I have other small incomes too, which all add up to enough to live on but now I have to track them all and add up all the bits… It takes a few days of hunting around but really, it’s not at all complicated. Just very, very tedious.
There is also the matter of updating several forms called W8-BEN which mean I don’t get tax withheld from US sales. Otherwise they hold back 30% which is something I want to avoid because I have never even visited the USA! Each account with each company needs a separate one – again, not complicated but time consuming and tedious.
Still, Leg Iron Books’ Christmas break is over. Back to work.