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Showing posts with label writing. Show all posts
Showing posts with label writing. Show all posts

Sunday, February 16, 2020

Freelancers Who Pay Estimated Taxes to the IRS, Here's a Tip For You

NOTE: Let me state up front that I am a sole proprietor. So I'm working from that experience. Regardless, for all business types, consult your accountant or financial advisor or attorney.

If you are a freelancer who pays quarterly estimated tax payments to the IRS, we all pretty well remember the dates associated with those four IRS quarters (not to be confused with what accountants may deem as the standard quarters of any calendar year, BTW).

These IRS quarters are usually on (or after in some years) the fifteenth day of April, June, September, and January of the following calendar year. See IRS Form 1040-ES for each tax year to confirm.

Per the IRS.gov website (found at https://www.irs.gov/faqs/estimated-tax/individuals/individuals-2), a chart is provided of actual deadlines for 2020 estimated taxes. Although "2020" is not specifically stated, in the footnote at the bottom, it notes "Page Last Reviewed or Updated: 25-Nov-2019." And I've checked my 2020 calendar to confirm all these dates fall on weekdays (no weekends).

When to Pay Estimated Tax

 

Payment Period Due Date
January 1 – March 31 April 15
April 1 – May 31 June 15
June 1 – August 31 September 15
September 1 – December 31 January 15* of the following year. *See January payment in Chapter 2 of Publication 505, Tax Withholding and Estimated Tax


But did you know that you can make multiple payments toward each of the four quarterly deadlines?

Per the IRS.gov website again (found at https://www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes), here's an excerpt relevant to this discussion, but you should particularly read the part I've bolded therein:

When To Pay Estimated Taxes

For estimated tax purposes, the year is divided into four payment periods. You may send estimated tax payments with Form 1040-ES by mail, or you can pay online, by phone or from your mobile device using the IRS2Go app. Visit IRS.gov/payments to view all the options. For additional information, refer to Publication 505, Tax Withholding and Estimated Tax.
Using the Electronic Federal Tax Payment System (EFTPS) is the easiest way for individuals as well as businesses to pay federal taxes. Make ALL of your federal tax payments including federal tax deposits (FTDs), installment agreement and estimated tax payments using EFTPS. If it’s easier to pay your estimated taxes weekly, bi-weekly, monthly, etc. you can, as long as you’ve paid enough in by the end of the quarter. Using EFTPS, you can access a history of your payments, so you know how much and when you made your estimated tax payments. [Emphasis added.]
Granted, I would like to hold on to my money as long as possible to cover any surprise expenses that may come. However, I have to balance that mind-set with the reality of paying a huge (IMO) chunk of money to the IRS quarterly to avoid paying an even bigger wad come income tax time.

Obviously I'll make those four IRS deadlines for quarterly payments/income tax payments. But for the other eight months of the year? Yeah. I think I will make a monthly payment. Both my bank and my online payment system give me monthly earnings calculations, so it's easy to then apply my 15.3% in self-employment taxes (adding in a guesstimate to cover actual income taxes), to arrive at a relevant monthly figure that I owe the IRS. I'll tweak each month accordingly, especially around those four tax-time months.

Now if you are making the big bucks, this may not work for you. Especially when you can earn some major interest on your own money in the meantime. I get that. Then wait to the last minute to fork over that IRS payment. But me? I'm making pennies on my dollars that sit in plain old checking and savings accounts. So better for me to send that money earlier to the IRS rather than maybe spend it on splurges at the grocery store. In my financial world, if it's in my checking account, my net balance (taking into account the pending bills to be paid), seems like free money to me. Knowing this about me, I can't let that tax money end up in my checking account. :)

Just remember. Freelancers, whether poor or rich, need a financial plan. If yours is to avoid credit card debt or to set up an emergency fund with six months' worth of living expenses therein, you must figure that out for yourself, based on your particular circumstances.

Help stop the worry by starting an emergency fund, paying in estimated taxes more often, even meditating and deep breathing and voicing your gratitude and exercising and sunbathing and forest bathing and reading and journaling and writing and whatever else adds more joy to your life.

Overall, be kind to yourself and others. Amen.


Welcome to My World, Where Every Day Is a Saturday

Denise Barker, Author, Blogger, Copy Editor
Books that Build Character(s)

https://deniseannbarker.com


Tuesday, December 15, 2015

MindMup: Free Online Brainstorming/Mind-Mapping Software

Love this software. Check out MindMup.com. Even for free, it stores your mind maps up to six months in the cloud (from what I understand by a quick glimpse at the site before I started my maps). Read the website for more details.

Since my CPs aren't available much during these months with all the holidays, and since I've got a short window of downtime, this works great for me. I have barely a glimmer of an idea (not even a full-fledged one) that I'm trying to work into the perfect series for me. So my first map (as yet unfinished) is to see what viable "something" I can morph out of the nothing I currently have.

As my second mind map, I'm focusing on my all-time favorite movies. Maybe if I dissect each into the parts I really like, then I should be able to use a compilation of those integral parameters in my own book creations, right? For instance I enjoy some humor in my reading material. And of course romance, whether the primary story line or as a subplot. Plus hard-boiled forties-style detective stories, cozy mysteries and not-so-cozy ones, police procedurals, action/adventure. And that's just for the genres. Then we get into specifics, like I enjoy animals, archaeology, architecture, astronomy. And that's a partial list of some of my beloved subjects from the As.

So I see myself getting lost in MindMup for days, like I tend to do with Yummly (recipes) and Pinterest. [I'm not affiliated with any sites and receive no money for mentioning these three herein. I just find them all wonderful.]

I would think this would be a boon to all us creative types. So, if you give it a try, let me know what you think. Or, if you found one you like better, give me a shout-out.

Enjoy your playtime ...

#copyeditor+

"If your vocation isn’t a vacation, then quit, leap, change careers."

Denise Barker, Author, Blogger, Copy Editor
Books that Build Character(s)


What lies behind you and what lies in front of you pales in comparison to what lies inside of you. Ralph Waldo Emerson
When you give someone a book, you don’t give him just paper, ink, and glue.  You give him the possibility of a whole new life. Christopher Morley
The best inheritance you can leave your kids is an example of how to live a full and meaningful life. Dan Zadra

Saturday, October 17, 2015

Describing Characters in Novels

Writing techniques for novels have evolved over the centuries. "It was a dark and stormy night" was, in its heyday, a very acceptable opening. Yet, in my opinion, "Once upon a time" is a classic first line for fairy tales and probably will remain that way. So, keep in mind, some ideas regarding descriptions (of people, of places, of things) are more universal than others.

Note: There will always be exceptions. Some ingenious author will use "It was a dark and stormy night" with wild success. That's when it's great to know the "rules" well enough to break them so creatively as to make them work. This writing game is all about doing something new, unique, right?

Opening your book with paragraphs or pages of static description would not be acceptable to most readers nowadays, due to our seven-second-or-less attention spans and all the faster-paced multimedia available to us: streaming music/movies, computer games, Kindle books/games, the Internet as a learning resource or as a social site. And that's just what we can do quite alone with technology at our fingertips. Lots of competition, folks, for our downtime.

Maybe in the 1950s, before everyone had a newfangled TV in the house, you could get away with a slow-starting book, rambling on about too much info which can't be deemed all that important to the plot. For example, like describing every wildflower in the field behind a house which is only there long enough to burn down and start the fire inspector on his hunt for the arsonist.

Just recently I've stopped reading some novels. Unfinished. Removed them from my device. Gasp! Sacrilegious, right? But with my Kindle full of "new" books to choose from, and my limited free time, I should be selective. Plus reading those not-for-me stories violates one of my personal rules about not wasting time, mine or other people's. And I'm not just a reader; I'm also an author, looking for styles and techniques and tips from other authors' books that I can learn from, not to mention the copy editor side of me who loves to find those lines of taut construction which communicate with perfection. Oh, yeah, and I'm the Quote Queen too. So I'm delirious to read great lines, succinct pearls of wisdom on the human condition.

Thus, if the story doesn't grab me at the beginning, I'm pretty sure it won't once I'm deeper into the tale either. I know. Because I've read books all the way to The End that told me from page one how this tale was not to my liking. So I'm yielding to that wise inner voice now. Some authors have the "it" factor I'm looking for in my reading. And I can tell if I see it, feel it, on that first page, even if I can't define "it" for you (or me).

Now for my particular pet peeve: the police-blotter description of any character in a novel. I don't want to read about the main protagonist or even a one-off character as "six foot two, black hair, blue eyes, broad shoulders." First, it's hackneyed. Second, we're supposed to be imaginative authors, creative types. We can surely do better than that. Third, it only gets worse when more adjectives are added to this mix, as in "a lanky and dreamy six foot two, raven jet-black hair, unbelievably bluer-than-blue eyes, with strong broad shoulders that could protect her." Ugh. Can you say "purple prose"?

Besides, that "could protect her" angle irks me to no end. Especially when it's "overall" and not just at this very moment when fighting six against one is some lopsided odds. I'm looking for a strong female lead, not a wimpy woman who wants the man to take care of her in toto. That's a long-winded topic for another post ...

But the only time I think such police-blotter description is appropriate is, indeed, on a police blotter. If you're writing a detective novel, a crime series, etc., and the investigator picks up a file on a missing perp, then, and only then, is it okay to writeand for us, your readers, to read"blond/brown, five ten, 180."

And the mirror description? Don't go there. It's been done. Too many times. It's far from being unique and original. I'd stop reading then for sure. And I wouldn't go back to finish that one either.

In fact, at present, I'm enjoying the internal descriptions of characters, completely void of any physical description at first. And any later clue to their outward appearance is maybe one telling detail, like, "He suspected, with her red hair, that she had a temper under that smile."

I'm loving that.

Plus, even in the books of old, with their purple-prose-enhanced police-blotter descriptions, I bet the mental image I had of the character was not even close to what the author imagined. Haven't you yearned to see that movie based on one of your favorite books only to be totally disappointed in the actor playing your beloved character in that story? So it's better to let the reader form his or her own impression of what these characters look like. No need for the storyteller to be heavy-handed in this area.

So, authors, give your readers room to imagine the outer person of someone who's too blunt or a con artist or not to be trusted or selfish or brave or adventurous or smart or awkward or flirty or childish or manipulative or a bully or standing on a street corner looking lost or bending to feed a stray dog or ... whatever.

For me, I'm going to give insight into who my character is first and foremost, then add later a physical descriptor or two, like what would be noticed above all about this person. And I like tells. We all have them. Surely they speak to some insecurity within us, right? Those psychological details add depths to our imaginary friends without us having to write more than that. Until later. When we reveal their secrets. Pretty cool, right?

"If your vocation isn’t a vacation, then quit, leap, change careers."

Denise Barker, Author, Blogger, Copy Editor
Books that Build Character(s)



What lies behind you and what lies in front of you pales in comparison to what lies inside of you. Ralph Waldo Emerson
When you give someone a book, you don’t give him just paper, ink, and glue.  You give him the possibility of a whole new life. Christopher Morley
The best inheritance you can leave your kids is an example of how to live a full and meaningful life. Dan Zadra

Monday, October 29, 2012

Authors' Anytime Tip

The answer to career and lifestyle quandaries is simple, really. We only need to know the WHAT that we want. The HOW and WHY aren't necessary--in fact, they can be obstacles to action.

Mike McManus, Founder of the Source Experience

While we are storytellers and may need to now the Who, What, When, Where, Why and How of our tales, the above quote reassures us that we DO NOT need all that info to pursue our careers.

So no matter whether you will only go the traditionally published route, or you are all-Indie (like me), or you are going Indie while you await that traditional contract, remember the brass ring we all seek:

  • To type up the creations that live in our minds.
  • To enjoy the process.
  • To celebrate each The End.
  • To memorialize each In The Beginning.

Best wishes, all!


Denise Barker, author + blogger + copy editor

Thursday, October 25, 2012

NaNoWriMo Tips: Writing Exercises

This is about what you like as a reader, which you may already incorporate in your novels. After all, we write what we love to read. We love certain genres as a reader and a creator both. But there's always room for improvement when we put imagination in print, right?

If your own writing makes you cry, laugh or erupt in goose bumps (at all the right spots, of course), then so will your intended audience. Therefore compose first to please yourself. Of that you can be sure. Of that, you have control over.

First, let me say this: PLAGIARISM IS NEVER ALLOWED. Don't get me started on this topic.

Second, take three of your favorite books. Those that you reread all the time, more than five times each. It would be best if it was from three different authors, or like Nora Roberts aka J. D. Robb, pick one of her romances and then one from her In Death series.

Choose the most memorable scenes and hand copy them word for word. A dynamic link occurs between the brain and the hand when you engage both, so bear with me here. When you take that first step, all manner of providence aids you.

Study them, both the big picture angle and the small. Does the author's printed page have a lot of white space or is it crammed full of text? Check out paragraph length. You are looking for pacing here. I particularly like a fast-moving book.

How about sentence length? A mix of long and short? You've seen the six basic human needs: certainty, variety, significance, love, growth, contribution. Incorporate variety in your prose, even to the number of words in your sentences. 

Remember those diagrams in English class where you had to identify every word in a sentence? Do it here just for those wondrous lines of word combinations where you think, I wish I had written that. This may reveal whether you focus more on the outward (actions/descriptions) or the inward (thoughts, introspections, mental dilemmas).

You may even want to see how long each of the chapters are, on average, for your fave authors. Attention span seems to be getting shorter and shorter, and our need for more info, more speed increasing. Take note of that.

Just study their style and discern any patterns. Ask yourself why you think it works for them? How could you apply it to your writing?

Decades ago I read about the highlighter technique and applied it to the first chapter of Ayn Rand's Atlas Shrugged in a second paperback copy I bought specifically for this purpose. You take like five different colors, assign one for dialogue, narrative, description, internalizations, action, emotions, foreshadowing, humor, etc. Select what works for your genre.

Then mark up the story accordingly. I remember thinking she had a pretty good mix of all five in her first chapter. I'll have to look for it and confirm.

Regardless, I like very little description and I won't change that in my writing. I just hate the police blotter rendering of physical appearance (unless you are actually having your reader review a police intake form).

Still I need some. My tale employs people and places, and I need to share that with my reader. I give a bare-bones overview of my characters, but I really want my readers to conjure up somebody they like, instead of me being so exacting, so detail-oriented, that I portray their hated second grade teacher or an ex. That would be counterproductive.

Adverbs. I write a pretty clean first draft, but it is overrun with adverbs. Can't help those LY words creeping into my thoughts and showing up initially. My original text is a more creative version, with my internal editor gagged. But I can get rid of most useless adverbs--by using stronger verbs and concrete nouns--in the second go-round with a more critical review of my words.

Think of adverbs as flags. Making you choose better subjects and predicates.

Adjectives. Purple prose turns me off. But there is a way to hide those modifiers--put them after the noun they describe. For example: The slow, murky water of the winding river did not even reflect the sunlight. Traditional sentence structure, right? How about, instead, we do this: The river wound through the mountains, its water slow and murky and unreflective. Disguise some of your adjectives, mix up your sentence formation, try something new.

And you need not just use fiction for these exercises. I read Stephen King's On Writing recently and was wowed by how much detail and how many phrases the man could put in one sentence and not lose me. It was coherent. It was "plain" even. Just amazing. So even analyze a favorite How-To-Write book of yours that really spoke to you. Was the style conversational or instructional? Dry or witty? A mix of teaching and personal example?

Third, don't be an imitation of anyone else. Be the best you possible. These writing exercises are not to change your style, but to show you new ways to demonstrate your thoughts, some variations that improve clarity and may draw in your readers for a more emotional experience. Just assimilate some things that support your voice, elevate your writing--to where others are now saying, I wish I had written that.

Fourth, above all, communicate. Don't get so flowery your reader has to reread a sentence three times trying to figure it out. Don't use a five-syllable word your reader stumbles over and has to stop to look up in Webster's when a one- or two-syllable word  is concise and perfect for your use.

Fifth. Punctuation is critical. For example, commas can be your friend. Use a comma to denote a pause. Like I noted about Stephen King above, I really need to investigate his style with his long sentences and see why his commas worked. For he must have used a lot of pairs, to set apart his phrases, within each long sentence, from my memory. I'll have to check that out further.

Okay, guys. We are nearing November 1. Is your writing space set up for productivity? Clutter and dust strangle your creative side. See y'all soon online.


Denise Barker, author + blogger + copy editor

Tuesday, October 23, 2012

NaNoWriMo Tip: Focus

I usually come up with my titles fairly quickly, easily. Long before I have enough plot points to entail a novel-length tale. And I have a very clear picture in my mind what my cover will be. For four of my WIPs, I printed out a scene (I prefer landscapes to people), affixed my title and hung them near my desktop computer. Having your tagline taped to your screen can help too.

It is all about focus.

So, for your 2012 NaNo project, imagine what your perfect cover would look like. Search for it online or in magazines or sketch it out yourself or whatever. This does not have to be the one you actually use, just a prop to remind you of your story.

Then create your tagline, that one thought that sums up what you want to accomplish this time. Make it twenty-five words or less. Remember, you don't need your characters names here. Just an adjective and a noun. Like "burned spy" or "rogue agent" or "unemployed waitress" or "Italian businessman." You get the idea.

Then sum up the major conflict without giving anything away. Write it on a sticky note or an index card.

Now place those two things where you are mostly likely to see them on a daily basis.


Denise Barker, author + blogger + copy editor