THE SUNLIGHT TAX BLOG:

Tax and Money Education for Creative People, Freelancers and Solopreneurs

Stress Stopper: Plan For Your 1099s

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Today, I’m talking about the importance of preparing for tax season specifically when it comes to issuing 1099 forms, including when you need to issue one and the deadline. 

Join me in this episode to learn how and when you need to obtain your W9 forms and issuing your 1099’s from your contractors. 

Listen and Subscribe Here

Today, I’m talking about the importance of preparing for tax season specifically when it comes to issuing 1099 forms, including when you need to issue one and the deadline. 

 

Join me in this episode to learn how and when you need to obtain your W9 forms and issuing your 1099’s from your contractors. 

 

Also mentioned in today’s episode: 

  • 1099 requirements 4:10

  • Compiling contractor payments 4:43

  • Gathering W9 forms 6:50

  • Preparing for 1099 issuance 9:53

 

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

Links:

FREE LIVE CLASS: Make Taxes Easier and Stash an Extra $152k in Your Savings 

Watch YouTube video version

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Mutual Aid: All the Tax Info You Need

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Today, I’m discussing the tax implications of mutual aid funds and how it relates to the context of Hurricane Helene's impact here in Western North Carolina with the creation of PayPals and fundraisers for donations. 

Join me in this important episode to learn how to handle the tax side of mutual aid and how to make sure you’re staying on the right side of the IRS.  

Listen and subscribe here

Today, I’m discussing the tax implications of mutual aid funds and how it relates to the context of Hurricane Helene's impact here in Western North Carolina with the creation of paypals and fundraisers for donations. 

Join me in this important episode to learn how to handle the tax side of mutual aid and how to make sure you’re staying on the right side of the IRS.  

 

Also mentioned in today’s episode: 

  • The importance of documenting gifts with written proof 3:45 

  • Offsetting tax liability 7:29

  • Charitable donations and itemized deductions 12:48 

 

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

Links:

Emergency Relief Fund Grants for Artists

The WNC Strong: Rebuilding Together Grant for grant aid to help local Businesses survive and rebuild: https://www.mountainbizworks.org/helene/donate

For Sunlight Tax Mutual Aid donations. I will donate 100% of these funds directly to people in need.

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Sales Tax vs. Income Tax

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Today, I’m diving into the topic of Sales Tax vs. Income Tax and emphasizing why it’s so important for you to know the difference. 

Join me in this episode, to learn more about the differences between sales tax and income tax and how it can affect you as an entrepreneur.  

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Today, I’m diving into the topic of Sales Tax vs. Income Tax and emphasizing why it’s so important for you to know the difference. 

 

Join me in this episode, to learn more about the differences between sales tax and income tax and how it can affect you as an entrepreneur.  

 

Also mentioned in today’s episode: 

  • The main differences between sales tax and income tax 11:13

  • Registration and filing requirements 13:49

  • Sales tax filing process 16:00

 

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

Links:

The WNC Strong: Rebuilding Together Grant for grant aid to help local Businesses survive and rebuild: https://www.mountainbizworks.org/helene/donate

For Sunlight Tax Mutual Aid donations. I will donate 100% of these funds directly to people in need.

Emergency Relief Fund Grants for Artists

Join my Program: https://www.sunlighttax.com/moneybootcampimpact

Watch YouTube video version

Read More
Practical and Tactical Tax Hannah Cole Practical and Tactical Tax Hannah Cole

Real Talk: My Experience Using TaxSlayer

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Today, I’m sharing my personal experience using a commercial tax software, Tax Slayer, and highlighting some of the limitations and lack of transparency I observed. I’m also chatting about some of my frustrations and the unethical practices I saw while using the program.  

Join me in this episode, to hear my tax filing experience and why I think it’s so important to have a tax education. 

Listen and Subscribe Here

Today, I’m sharing my personal experience using a commercial tax software, Tax Slayer, and highlighting some of the limitations and lack of transparency I observed. I’m also chatting about some of my frustrations and the unethical practices I saw while using the program.  

 

Join me in this episode, to hear my tax filing experience and why I think it’s so important to have a tax education. 

 

Also mentioned in today’s episode: 

  • Some of the mistakes I encountered with Tax Slayer 5:06

  • Unexpected fees and unethical practices 9:49

  • Why tax education is so important to reduce confusion 15:44

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

Links:

IRS Direct File Program

Register for my Money Bootcamp Open House

Watch YouTube video version

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1099 vs W2 Income and Why it Matters

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1099 vs W2 Income and Why it Matters

Today on the podcast, I’m going over the key differences between 1099 freelance income and W-2 employee income when filing taxes and how you can simplify your taxes as a self-employed individual. 

Join me in this episode to learn how to file your taxes correctly to avoid penalties and keep your finances simple. 

LISTEN AND SUBSCRIBE HERE

Today on the podcast, I’m going over the key differences between 1099 freelance income and W-2 employee income when filing taxes and how you can simplify your taxes as a self-employed individual. 

 

Join me in this episode to learn how to file your taxes correctly to avoid penalties and keep your finances simple. 

  

Also mentioned in today’s episode: 

  • The main differences between 1099 and W2 income when it comes to taxes 2:30

  • The importance of bookkeeping when you’re self-employed 5:45

  • The importance of keeping records and being prepared for IRS inquiries 14:53

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

Links: 

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

sunlighttax.com/deductions

Watch the Youtube video version

Read More

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