THE SUNLIGHT TAX BLOG:

Tax and Money Education for Creative People, Freelancers and Solopreneurs

Perfectionism as a Creative Entrepreneur

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Perfectionism will Kill You

Most creative people are motivated to make incredible work. We might even strive for perfection.

In this episode, I’m talking about how perfectionism is actually holding you back as a creative entrepreneur. I share a vulnerable story about my own perfectionism, talk openly about real fears you may be having, and some actionable ways you can get past them, and get the most out of your money and keep moving forward. I’m also sharing how the topic of perfectionism relates specifically to the IRS (guess what? The IRS doesn’t ask you to be perfect!), to your estimated quarterly taxes, and why you should stop worrying about being perfect when it comes to your taxes.

Listen & subscribe on your favorite platform

Most creative people are motivated to make incredible work. We might even strive for perfection.

In this episode, I’m talking about how perfectionism is actually holding you back as a creative entrepreneur. I share a vulnerable story about my own perfectionism, talk openly about real fears you may be having, and some actionable ways you can get past them, and get the most out of your money and keep moving forward. I’m also sharing how the topic of perfectionism relates specifically to the IRS (guess what? The IRS doesn’t ask you to be perfect!), to your estimated quarterly taxes, and why you should stop worrying about being perfect when it comes to your taxes.

Also mentioned in today’s episode: 

  • Understanding the balance between doing good work and 

  • How a desire to good do work relates to perfectionism in the art world

  • My personal story of perfectionism 

  • Why you should stop trying to be perfect when it comes to your taxes 

  • How perfectionism will mess up your estimated quarterly taxes

  • What the IRS really cares about 

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

Links:

https://go.sunlighttax.com/register

https://www.sunlighttax.com/deductionsguide

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Proof You're Doing Fine: Break Even Point

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Proof You're Doing Fine: Break Even Point

I often see creative entrepreneurs struggling with mindset issues when it comes to the idea of being an official business owner and not knowing when to file their Schedule C. 

Today, I explain why it’s important to know when the IRS recognizes your business as official, the self-employment tax deductions you can take advantage of once you start your business and what the breakeven point is when you’re an entrepreneur.  

LISTEN & SUBSCRIBE HERE

I often see creative entrepreneurs struggling with mindset issues when it comes to the idea of being an official business owner and not knowing when to file their Schedule C. 

Today, I explain why it’s important to know when the IRS recognizes your business as official, the self-employment tax deductions you can take advantage of once you start your business and what the breakeven point is when you’re an entrepreneur.  

Also mentioned in today’s episode: 

  • Why the first year in business is a very tax advantaged year 2:50

  • How to know when your business has officially started according to the IRS 4:18

  • When to file your first Schedule C 7:05

  • Normalizing the idea of spending money before earning a profit as a sole proprietor  10:44

  • The economic and business idea of a breakeven point 14:56

  • Income tax and how the IRS defines a business and the importance of profit motive 19:28

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

Links:

Get your FREE Visual Guide to Tax Deductions

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