THE SUNLIGHT TAX BLOG:

Tax and Money Education for Creative People, Freelancers and Solopreneurs

My #1 Tip After Filing Your Taxes

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In today’s episode of the Sunlight Podcast, I’m sharing why it’s so important to review your tax return—even after you’ve filed. We’ll also chat about the power of taking a digital detox during the busy tax season to help you reset and recharge.

I’ll walk you through how to understand the key sections of your tax return, what tax estimates really mean, and how to reconcile what you owed with what you paid.

Plus, I’m offering some simple, practical strategies for adjusting your future payments if your income changes—so you can feel more confident, prepared, and in control come tax time. Whether you’re self-employed or just trying to make sense of your finances, this episode is here to support you!

Listen and Subscribe Here

In today’s episode of the Sunlight Podcast, I’m sharing why it’s so important to review your tax return—even after you’ve filed. We’ll also chat about the power of taking a digital detox during the busy tax season to help you reset and recharge.

I’ll walk you through how to understand the key sections of your tax return, what tax estimates really mean, and how to reconcile what you owed with what you paid.

Plus, I’m offering some simple, practical strategies for adjusting your future payments if your income changes—so you can feel more confident, prepared, and in control come tax time. Whether you’re self-employed or just trying to make sense of your finances, this episode is here to support you!

Also mentioned in today’s episode: 

  • 00:00 Digital Detox: A Refreshing Break

  • 02:02 Post-Tax Filing: Key Steps for Improvement

  • 07:16 Understanding Your Tax Return: Key Insights

  • 12:07 Adjusting for Future Taxes: Strategies for Success

  • 15:43 Resources for Tax Management: Programs and Support

 

Takeaways

  • Reviewing your tax return is crucial for financial planning.

  • Understanding your tax return helps avoid future whammies.

  • Taxes are retroactive; you only know your tax rate after the year ends.

  • Your total tax owed is reconciled with what you've paid throughout the year.

  • Aim to have your tax payments equal your total tax owed.

  • Adjust your estimated taxes based on income fluctuations.

  • Self-employed individuals must be proactive with tax payments.

  • Utilizing tax programs can simplify the filing process.

  • Seek help from tax education programs for better understanding.

 

If you enjoyed this episode, please rate, review and share it! 
Every review makes a difference by telling Apple or Spotify to show the Sunlight podcast to new audiences.

 

Links:

Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You’re Self-Employed.

My On-demand class: Make Taxes Easier and Stash an Extra $152k in Your Savings

Check out my program, Money Bootcamp

Watch YouTube video version

Sunlight Podcast Episodes about Quarterly Taxes:

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Tips on Filing an Extension

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Today, I’m providing some practical advice on filing a tax extension and how you can do it without getting a penalty. I’m also talking about the importance of relationships in career success as an artist, especially in a world increasingly influenced by AI.

Join me in this episode to learn how you can file a tax extension properly and why you need to be focusing on building relationships in your art career. 

Listen and Subscribe Here

Today, I’m providing some practical advice on filing a tax extension and how you can do it without getting a penalty. I’m also talking about the importance of relationships in career success as an artist, especially in a world increasingly influenced by AI.

 

Join me in this episode to learn how you can file a tax extension properly and why you need to be focusing on building relationships in your art career. 

 

Also mentioned in today’s episode: 

  • The importance of relationships in career success 2:40

  • Understanding tax extensions 14:10

 

If you enjoyed this episode, please rate, review and share it! 
Every review makes a big difference by telling Apple or Spotify to show the Sunlight podcast to new audiences.

Links:

Free class for artists: Make Art Anyway: Your 2025 Show Strategy 

File an extension request here

Make your extension payment here

Watch YouTube video version

Read More

Two Myths About Quarterly Taxes

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Today, I’m talking about the importance of understanding and managing your estimated quarterly taxes as a self-employed individual and addressing some of the common fears associated with making estimated payments. 

Join me in this episode to learn how you can set up your quarterly payments to avoid a large tax bill and the stress that comes along with it. 

Listen and Subscribe Here

Today, I’m talking about the importance of understanding and managing your estimated quarterly taxes as a self-employed individual and addressing some of the common fears associated with making estimated payments. 

 

Join me in this episode to learn how you can set up your quarterly payments to avoid a large tax bill and the stress that comes along with it. 

 

Also mentioned in today’s episode: 

  • How quarterly taxes 10:04

  • Common mistakes and reporting issues 10:30

  • Reconciliation and tax return process 10:45 

If you enjoyed this episode, please rate, review and share it! 

Links:

Check out my program, Money Bootcamp.

Watch YouTube video version.

Read More

How to Fix an Incorrect 1099

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Today, I’m talking about the common problem of receiving an incorrect 1099 as an entrepreneur, including what you need to look for and how you can make the corrections to avoid any problems with filing your taxes. 

Join me in this episode to get all of the details needed for correcting any 1099s that may have errors and what you can do to avoid any issues with filing. 

Listen and Subscribe Here

Today, I’m talking about the common problem of receiving an incorrect 1099 as an entrepreneur, including what you need to look for and how you can make the corrections to avoid any problems with filing your taxes. 

 

Join me in this episode to get all of the details needed for correcting any 1099s that may have errors and what you can do to avoid any issues with filing. 

 

Also mentioned in today’s episode:  

  • Steps to correcting a 1099 6:30 

  • Handling discrepancies in 1099s 12:10 

  • Reimbursed expenses and 1099 reporting 14:47

 

If you enjoyed this episode, please rate, review and share it! 

Links:

Farnoosh Torabi's Book to Brand conference in NYC

My quick, easy 1099s course

Check out my program, Money Bootcamp.

Watch YouTube video version.

Read More

Your January Checklist for Easier Taxes

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Today, I’m giving you a comprehensive January checklist to help organize your taxes if you’re self-employed so that you can have a headstart on your taxes for 2025.  

Tune in to this episode to get a strong start to the tax year and put systems in place to simplify your tax preparation process.

Listen and Subscribe Here

Today, I’m giving you a comprehensive January checklist to help organize your taxes if you’re self-employed so that you can have a headstart on your taxes for 2025.  

 

Tune in to this episode to get a strong start to the tax year and put systems in place to simplify your tax preparation process.

 

Also mentioned in today’s episode:  

  • Why you should check your odometer now 2:11

  • Issuing 1099’s and estimated tax payments 6:48

  • Maintaining business bank accounts and receipts 10:45

 

If you enjoyed this episode, please rate, review and share it! 

Links:

Check out my program, Money Bootcamp.

Watch YouTube video version.

Read More

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