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Tax and Money Education for Creative People, Freelancers and Solopreneurs

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What Are Receipts Actually For?

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What Are Receipts Actually For?

In today's episode, I’m explaining and going into detail about receipts and bookkeeping for self-employed creatives, including why keeping receipts is important and how you can keep yourself organized for tax season. 

Listen to this important episode to learn more about when you need to keep receipts, where you can keep your receipts so you have them ready if needed and some of the common deductions you can take. 

LISTEN AND SUBSCRIBE HERE

In today's episode, I’m explaining and going into detail about receipts and bookkeeping for self-employed creatives, including why keeping receipts is important and how you can keep yourself organized for tax season. 

 

Listen to this important episode to learn more about when you need to keep receipts, where you can keep your receipts so you have them ready if needed and some of the common deductions you can take. 

 

Also mentioned in today’s episode:  

  • Should you be sorting your receipts? 9:30

  • Should you worry about being audited? 13:45

  • How you can organize your receipts to make it easier 20:20

  • Why you need to separate your business and personal finances 22:05

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

 

Episodes mentioned:  

Respect Your Work, Then Get Organized

 

Links:

https://www.sunlighttax.com/podcastguide

https://www.sunlighttax.com/openhouse 

https://www.sunlighttax.com/moneybootcampimpact

Watch Youtube video version here

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Issuing 1099s

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Issuing 1099s

Today, I’m chatting about the importance of filing 1099 forms if you’re self-employed. I’m explaining who needs to file a 1099, how to file the form correctly and the deadline you need to file by to make sure you avoid any penalties. 

Join me in this important and timely episode to learn about filing your 1099, whether you fit into an exception and how you can track your payments for easier filing. 

LISTEN AND SUBSCRIBE HERE

Today, I’m chatting about the importance of filing 1099 forms if you’re self-employed. I’m explaining who needs to file a 1099, how to file the form correctly and the deadline you need to file by to make sure you avoid any penalties.

 

Join me in this important and timely episode to learn about filing your 1099, whether you fit into an exception and how you can track your payments for easier filing. 

 

Also mentioned in today’s episode: 

  • Why issuing 1099s is so important and the penalties associated with skipping it 3:07

  • When you don’t need to issue a 1099 8:57

  • Using a third-party payment processor 12:25

  • Practical tips for obtaining a w9 form 18:57

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

Links:

https://www.sunlighttax.com/moneybootcampimpact

Watch Youtube video version

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The De-Stress Your Taxes Checklist

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The De-Stress Your Taxes Checklist

This week on the podcast, I’m giving you a checklist so you can get organized for this upcoming tax season once January comes and sharing some of my biggest tips for tax organization and planning. 

Join me today to learn the action steps you can take to get a head start on your taxes and finances at the start of the year instead of waiting until the last minute. 

LISTEN AND SUBSCRIBE HERE

This week on the podcast, I’m giving you a checklist so you can get organized for this upcoming tax season once January comes and sharing some of my biggest tips for tax organization and planning. 

 

Join me today to learn the action steps you can take to get a head start on your taxes and finances at the start of the year instead of waiting until the last minute. 

 

Also mentioned in today’s episode: 

 

  • Business mileage 2:54

  • Should you have a physical or digital folder of your tax records 5:42

  • Why you need a separate business bank account 10:08

  • Do you need to keep your receipts? 12:05

 

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

 

Links:

FREE LIVE CLASS

Make Taxes Easier and Stash an Extra $130k in Your Savings:

https://go.sunlighttax.com/free

Watch Youtube video version

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Lower Your Taxes at Year-End, Prevent a Cash Crunch

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Lower Your Taxes at Year-End, Prevent a Cash Crunch

As we approach the end of 2023, I want to talk about end of year tax planning and some strategies on how to avoid a cash crunch in April when your tax bills are due. I’m giving you some budgeting and accounting tips that can potentially lower your taxable income. 

 Join me in this episode to get some valuable insight on staying ahead of your taxes so you can avoid a big bill when the tax deadline comes. 

LISTEN AND SUBSCRIBE HERE

As we approach the end of 2023, I want to talk about end of year tax planning and some strategies on how to avoid a cash crunch in April when your tax bills are due. I’m giving you some budgeting and accounting tips that can potentially lower your taxable income. 

 

Join me in this episode to get some valuable insight on staying ahead of your taxes so you can avoid a big bill when the tax deadline comes. 

 

Also mentioned in today’s episode: 

 

  • Accelerating purchases and decelerating income before year end to minimize your taxes 3:40

  • Strategic spending before the year ends 5:20

  • Why quarterly taxes as an entrepreneur are so important 9:50


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

 

Links:

Free Class: https://go.sunlighttax.com/register 
Watch Youtube Video Version

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Understand Your Tax Rate

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Understand Your Tax Rate

Has calculating your income tax rate in the past been overwhelming?

Today, I’m going into detail about income tax rates and helping you understand what the income tax rates are so you can be prepared when it comes time to file your quarterly taxes as a creative entrepreneur. 

Join me in this episode to hear some tips on estimating your income tax rate and how you can avoid errors when calculating your income tax. 

LISTEN AND SUBSCRIBE HERE

Has calculating your income tax rate in the past been overwhelming?

 

Today, I’m going into detail about income tax rates and helping you understand what the income tax rates are so you can be prepared when it comes time to file your quarterly taxes as a creative entrepreneur. 

 

Join me in this episode to hear some tips on estimating your income tax rate and how you can avoid errors when calculating your income tax. 

 

Also mentioned in today’s episode: 

 

  • Why calculating income tax rates is so complex 3:50

  • The graduated income tax system 7:15

  • Marginal vs average tax rates 14:30

  • The importance of using an online tax calculator 18:50

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

 

Links:

Get your FREE Visual Guide to Tax Deductions
Watch Youtube video version

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