Are You a Wholesale Buyer and Retailer?

Here's a new little something to think about. 

Retailers buy at wholesale and sell at a profit. 

As an author, are you a wholesale buyer and retailer? If you are a self-published author purchasing author copies of your book that you then sign and sell at book signings and events you are. Do you have a sales tax number, resale certificate, wholesale tax-exempt certificate, or whatever the form may be called in your state? Every state calls them something different, if that state has a sales/use/vendor tax to be collected. If you do have one, have you provided it anew to Amazon so they don't charge you taxes on your author copies? If not, then you've been costing yourself money.

Let's look at KDP/Amazon. It can be an easy platform for publishing and getting copies for resale, but it is also a complicated structure when it comes to finding out where you fit in as a self-publishing author/vendor. If you look closely at your orders of author copies, since the change over from CreateSpace to KDP, you may find you have been charged taxes on those copies. You shouldn't be if you are going to be reselling them AND if you have the appropriate tax exemption certificate from your state. You probably filled out a form, maybe submitted a bond, when you first set up in your state to resell your books. Did you provide that information to CreateSpace earlier. The information may not have transitioned over when it changed to KDP.  

This question came up in the KDP discussion forums not long ago. You can read about it here if you're a KDP author. If you have not gotten a tax-exempt certificate for your state, do so. Once you have one, you need to check out the Amazon Tax Exemption Program (ATEP). There is wizard to walk you through the process. It is linked in the line of text, 

"To access the wizard click here." on their page.

We don't want to be taxing people twice. If you're paying the sales/use tax on your author copies at the time of purchase from the Amazon Marketplace, then should you be charging those taxes again when you resell them? That would be a good question for your State Department of Revenue to answer for you since every state has different rules. You should have already added their "contact us" email to your contacts list for easy access. I've had to ask questions from time to time and it's easier to find it in my contact list than it is to find it buried among multiple webpage links. It is worth your time to investigate this further.

You can read up on the discussion online. Here's one article I found that got me thinking. https://smallbusiness.chron.com/everything-need-getting-wholesale-license-12921.html

Doug Meyer to Speak at Next Meeting

The Maryville Chapter of the Missouri Writer's Guild will next meet on the Third Floor of the United Methodist Church  in Maryville, on June 27, 2017 at 7:00 p.m.

The featured speaker for that evening will be Doug Meyer, the owner of Meyer Auto Center in Maryville. Mr. Meyer is the author of "Selling in Your Town," published by Archway Publishers, a division of Simon & Schuster, in August of 2016. He will be speaking about his book and about his experiences of publishing through Archway.  

Mr. Meyer owns and operates several small businesses located in rural communities across three states and has a breadth of knowledge related to the art of selling in those communities, as well as the importance of community involvement and networking. Mr. Meyer contends that it is possible for small businesses in rural communities to compete in the larger marketplace.

These are all issues that translate into the book industry, whether operating a brick-and-mortar shop or a virtual online sales venue. We hope that you will join us for this next meeting.

You can read more about his book on Amazon.com. Mr. Meyer's book is available for $3.99 Kindle and $8.99 in paperback through the site.