I have a question for all the pub'd authors out there (it might only apply to the US authors, I don't know about the UK authors). Anyway the question is, how many of you have business licenses for yourself as an author? I was reading somewhere, that an increasing number of authors are choosing to obtain small business licensing. I have a friend that's a CPA that says this can provide some tax benefits.
So if anyone can help, since I am considering getting a license, I'd greatly appreciate it.
And of course, I will be talking to an account about any tax related questions, but I just wanted to know if this is common place now.