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 Post subject: Re: Just sold a book for a lot of $... NEED SOME ADVICE
PostPosted: Wed Nov 04, 2009 2:25 pm 
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IMF'd

Joined: Sep 13, 2007
Posts: 31932
Location: Tullamore
I would sort of agree with cavok. Don't do anything daft. You have a couple of choices -
1. Forget about exchange rates, convert the money and enjoy it.
2. Convert the money bit by bit and average into the euro.
Either way, don't torture yourself by having missed out. You are not a currency trader and no advice you receive on a board will help you be one!

Looking forward to a sci-fi blockbuster (I hope it's the first of a decaology - I'm a bit disappointed at the scope of most sci-fi these days - Peter F. Hamilton excepted!).

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 Post subject: Re: Just sold a book for a lot of $... NEED SOME ADVICE
PostPosted: Wed Nov 04, 2009 2:36 pm 
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Real Estate Developer

Joined: Nov 17, 2008
Posts: 977
jcsmith wrote:
Can't stress enough the value of the comments you've just received about taking professional advice re the artists' tax exemption.


+1
You need to apply for a tax clearance cert first- you can do this online quite easily.
Irish Writers Union and Irish Playwrights and Scriptwriters Guild here are easily found on line and give good advice on artists tax exemption.
There are 2 separate exemptions - book and scripts. You should apply for both in case your book is optioned for tv/film.
Advances on royalties are not repayable unless you don't deliver the book and they safeguard themselves re this by staging the payments.
Vague memory of some publisher suing Joan Collins over a book she delivered that they considered not up to scratch but they lost.

Congratulations - getting a book published in these times is a huge achievement and getting a good advance is up there in the land of dreams. Well done and best of luck with it.


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 Post subject: Re: Just sold a book for a lot of $... NEED SOME ADVICE
PostPosted: Wed Nov 04, 2009 3:11 pm 
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Neo Landlord

Joined: Feb 22, 2008
Posts: 230
You could buy a serious amount of shoebox flats in Leitrim ;)


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 Post subject: Re: Just sold a book for a lot of $... NEED SOME ADVICE
PostPosted: Wed Nov 04, 2009 3:20 pm 
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Under CAB Investigation

Joined: Apr 23, 2007
Posts: 1801
congrats on your book.

you should get a better rate on the fx if you do it all in one clip. my bank has a threshold at 100k - below that is retail. watch the market for a few weeks and pull the trigger.

on sci-fi and the move to Ireland.

Fantastic choice! Remember that the ordinary laws of physics don't work in ireland. we have special laws of physics here called green physics. We have Greens in government to make sure that the laws of green physics are obeyed here at all times.

So forget about sex with aliens etc - you can just listen to Ministers Ryan and Gormley if you want some parallel universe sci-fi inspiration.

:|

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 Post subject: Re: Just sold a book for a lot of $... NEED SOME ADVICE
PostPosted: Wed Nov 04, 2009 3:26 pm 
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Under CAB Investigation

Joined: Feb 22, 2008
Posts: 2177
Location: The Lawn
Is the exemption still for the chop following the new PFG?


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 Post subject: Re: Just sold a book for a lot of $... NEED SOME ADVICE
PostPosted: Wed Nov 04, 2009 3:35 pm 
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Nationalised
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Joined: Jun 24, 2008
Posts: 10232
Location: South of the Border (Down Mexico Way)
Please tell me the zombie banks die at the end?


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 Post subject: Re: Just sold a book for a lot of $... NEED SOME ADVICE
PostPosted: Wed Nov 04, 2009 4:44 pm 
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Posts: 1678
Location: ENGLAND
What Goes Up... wrote:
Please tell me the zombie banks die at the end?


Sorry WGU,the black guy gets it first and the zombie banks just keep going until the inevitable sequels........................

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 Post subject: Re: Just sold a book for a lot of $... NEED SOME ADVICE
PostPosted: Wed Nov 04, 2009 4:49 pm 
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Joined: Jun 24, 2008
Posts: 10232
Location: South of the Border (Down Mexico Way)
PROFESSORI wrote:
What Goes Up... wrote:
Please tell me the zombie banks die at the end?


Sorry WGU,the black guy gets it first and the zombie banks just keep going until the inevitable sequels........................

Noooooooooooooooooooo!!!!!!!!!

Get them to wear red shirts!

Image


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 Post subject: Re: Just sold a book for a lot of $... NEED SOME ADVICE
PostPosted: Wed Nov 04, 2009 5:13 pm 
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Of Systemic Importance

Joined: Nov 7, 2007
Posts: 5669
bungaloid wrote:

on sci-fi and the move to Ireland.

Fantastic choice! Remember that the ordinary laws of physics don't work in ireland. we have special laws of physics here called green physics. We have Greens in government to make sure that the laws of green physics are obeyed here at all times.

So forget about sex with aliens etc - you can just listen to Ministers Ryan and Gormley if you want some parallel universe sci-fi inspiration.

:|


Do you ever give it a rest?

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 Post subject: Re: Just sold a book for a lot of $... NEED SOME ADVICE
PostPosted: Wed Nov 04, 2009 5:50 pm 
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Neo Landlord

Joined: Nov 8, 2007
Posts: 287
Location: Stockholm
ewd3 wrote:
bungaloid wrote:

on sci-fi and the move to Ireland.

Fantastic choice! Remember that the ordinary laws of physics don't work in ireland. we have special laws of physics here called green physics. We have Greens in government to make sure that the laws of green physics are obeyed here at all times.

So forget about sex with aliens etc - you can just listen to Ministers Ryan and Gormley if you want some parallel universe sci-fi inspiration.

:|


Do you ever give it a rest?



There's a lot of rabid anti-green nonsense on the pin that i assume is mostly spouted by people who voted FF at the last election, but in an attempt to reconcile the current state of the country with their contribution to it, they blame the Greens instead. Cognitive dissonence.

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