THE SUNLIGHT TAX BLOG:

Tax and Money Education for Creative People, Freelancers and Solopreneurs

What Counts As Taxable Income?

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What Counts As Taxable Income?

It’s easy to get confused when it comes to figuring out what you need to report as income on your tax return. 

Today, I’m going over some of the most common ways to receive money as an entrepreneur and talking about what actually counts as income in your business so you can be prepared for your taxes. 

Join me in this episode to learn more about determining your total income and how you can make sure you report it correctly to the IRS.

LISTEN & SUBSCRIBE HERE

It’s easy to get confused when it comes to figuring out what you need to report as income on your tax return. 

Today, I’m going over some of the most common ways to receive money as an entrepreneur and talking about what actually counts as income in your business so you can be prepared for your taxes. 

Join me in this episode to learn more about determining your total income and how you can make sure you report it correctly to the IRS.

Also mentioned in today’s episode: 

  • How to know when something is income and when it’s not 9:54

  • What is the function of the people you serve? 12:16

  • Should you itemize your tax return? 13:55

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

Links:

Sign up for Money Bootcamp:

https://www.sunlighttax.com/moneybootcamp2023

 Get your FREE Deductions Guide

Watch YOUTUBE Episode

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3 Tips for Easier Taxes

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3 Tips for Easier Taxes

Today, I’m sharing my 3 quick and easy tips to make taxes easier for you as an entrepreneur.  

Join me in this episode to learn how you can eliminate stress around filing your taxes and make sure you get the most out of your income. 

LISTEN & SUBSCRIBE HERE

Today, I’m sharing my 3 quick and easy tips to make taxes easier for you as an entrepreneur.  

Join me in this episode to learn how you can eliminate stress around filing your taxes and make sure you get the most out of your income. 

Also mentioned in today’s episode: 

  • Where you need to focus your energy and attention on 5:35

  • Customizing your bookkeeping 10:45

  • Working with softwares and what you need to know 13:27

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

Links:

Sign up for Money Bootcamp:

https://www.sunlighttax.com/moneybootcamp2023

Watch YOUTUBE Episode

Read More

Is it Ok to Get a Tax Extension?

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Is it Ok to Get a Tax Extension?

Do you need a tax extension and you’re freaking out about it? 

Today, I’m sharing the details about tax extensions for entrepreneurs and what you need to know about filing for an extension before the April tax deadline. I’m also explaining why tax extensions aren’t as bad as you might have thought.  

Join me in this episode to learn some of the top reasons you might need a tax extension and how you can file for one. 

LISTEN & SUBSCRIBE HERE

Do you need a tax extension and you’re freaking out about it? 

Today, I’m sharing the details about tax extensions for entrepreneurs and what you need to know about filing for an extension before the April tax deadline. I’m also explaining why tax extensions aren’t as bad as you might have thought.  

Join me in this episode to learn some of the top reasons you might need a tax extension and how you can file for one. 

Also mentioned in today’s episode: 

  • The difference between filing and paying 2:33

  • Reasons for getting a tax extension 6:38

  • What you need to be aware of when it comes to tax extensions and the tax deadline 11:58

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

Links:

Understand Your Taxes and Make Money, register here: https://go.sunlighttax.com/register

 Get your FREE Deductions Guide

Watch YOUTUBE Episode

Read More

The Home Office Deduction

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The Home Office Deduction

Today, I’m explaining the home office deduction including how you can calculate your own home office deduction when you’re filing your taxes as a creative entrepreneur this upcoming tax season.

 Join me in this informative episode to learn a simplified way of calculating this important deduction and how you can make sure you’re getting the most out of it this tax season. 

LISTEN & SUBSCRIBE HERE

Today, I’m explaining the home office deduction including how you can calculate your own home office deduction when you’re filing your taxes as a creative entrepreneur this upcoming tax season.

 Join me in this informative episode to learn a simplified way of calculating this important deduction and how you can make sure you’re getting the most out of it this tax season. 

Also mentioned in today’s episode: 

  • What is a home office? 1:51

  • Calculating the home office deduction 7:16

  • Your deductible home office expenses 8:56

  • Personal vs. business time and how to calculate it 14:00

  • Calculating mileage when you have a home studio 16:30

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

Links:

Get your FREE Visual Guide to Tax Deductions

https://go.sunlighttax.com/free

Watch YOUTUBE Episode

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When Do You Actually Need an Accountant?

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When Do You Actually Need an Accountant?

Are you a creative entrepreneur who’s been wondering when you should hire an accountant or if you’ll be able to just do your own taxes?

In today's episode, I’m breaking down some of the most common scenarios that you might want to consider actually hiring an accountant and when you can just do your own taxes as an entrepreneur. 

Join me in this informative episode to learn the best times to consult an expert and why using an accountant might save you money in the long run. 

LISTEN & SUBSCRIBE HERE

Are you a creative entrepreneur who’s been wondering when you should hire an accountant or if you’ll be able to just do your own taxes?

In today's episode, I’m breaking down some of the most common scenarios that you might want to consider actually hiring an accountant and when you can just do your own taxes as an entrepreneur. 

Join me in this informative episode to learn the best times to consult an expert and why using an accountant might save you money in the long run. 

Also mentioned in today’s episode: 

  • When it’s a good time to consult an accountant 5:33

  • Why it’s not as expensive as you think to hire an accountant 8:30

  • Tax returns and what you’re paying for 11:00

  • Tax planning and strategy and why it’s important to consult an accountant 21:15

  • Understanding your taxes 26:15

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

Links:

https://www.sunlighttax.com/deductionsguide

https://go.sunlighttax.com/free

Watch YOUTUBE Episode

Read More

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