Royalties FAQs
FAQs About Royalties
What are my royalties for each book sold?
Royalty rates vary across formats and can change over time as the price of paper and printing your books fluctuate. Your Senior Publication Consultant or Publication Director can provide an in-depth understanding of how royalties work for paperbacks, hardcovers, eBooks, and audiobooks. The most important thing to remember is that you will receive 100% of the profit generated from each sale until you have recouped your entire publishing investment. Once you have reached that point, we are only entitled to 20 cents per book sold.
How am I paid my royalties?
Royalties are calculated on a calendar quarter basis and will be paid in United States Dollars (USD) within ninety (90) days after the end of each calendar quarter. The timing of actual receipt of the payment by the author may occur after these issuance dates. Royalties will be paid via checks. A valid and IRS-verified TIN must be provided before we can legally remit royalty proceeds to you.
Will Newman Springs Publishing send me a 1099 to report additional income from royalty payments?
If you earned more than $10.00 in royalties within a fiscal year, we will automatically send you a 1099 statement. The 1099 reports your additional royalty income during the first, second, and third quarters of the current year and the fourth quarter of the previous year. It is the form you need to use to report taxes showing additional earnings or contractual work.
Authors who have any royalties withheld (due to payment threshold) during the past calendar year will receive a 1099-MISC form.
Can I access information about who ordered my book?
Unfortunately, we cannot disclose this information due to privacy considerations, and the availability of such data may vary depending on the purchase location. However, your royalty statement will provide details about the number of copies of your book that have been sold.
What should I do if I have not received my royalty statement yet?
If you are still waiting to receive your royalty statement and are seeking further information, please contact your Publication Director or our dedicated author support team for assistance. They can provide the necessary guidance and information regarding your royalties.
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