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Tax and Money Education for Creative People, Freelancers and Solopreneurs

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Sunlight Podcast Hannah Cole Sunlight Podcast Hannah Cole

Here's How to Cancel Your Student Debt: Money School Bonus episode

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Here's How to Cancel Your Student Debt: Money School Bonus episode

In this episode, I’m giving you all the details about how you can take advantage of President Biden’s Student Loan Forgiveness plan for your federal student loans, including how you can apply, what you need before applying and if you qualify. I also give a hot tip on getting your application processed faster.

Join me in this practical episode to learn all the details of this program and get an action plan for your federal student loan debt.

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Creative Specific, Sunlight Podcast Hannah Cole Creative Specific, Sunlight Podcast Hannah Cole

What Accountants Get Wrong About Creative People: Money School

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What Accountants Get Wrong About Creative People: Money School

If you’re a creative professional and entrepreneur, you’ve probably had a negative encounter with an accountant before where they didn’t take your business seriously.

In today's episode and the first segment of our Money School Series, I want to talk about what accountants typically get wrong about creative people and why you might feel judged or alienated when it comes to your financial statements. I’m also offering advice on how to break past your shame and get in control of your own money.

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Vision: Running for Office

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Vision: Running for Office

Today, I’m interviewing 2 candidates running for local office here in Western North Carolina. Jasmine Beach-Ferrara is a North Carolinian, Christian minister, founding director of the Campaign for Southern Equality (CSE), and mother of 3. Service and faith are the driving forces in her work, from teaching in prisons to founding an organization to advocate for LGBTQ equality across the Deep South. By showing up—especially in small towns—and telling the stories of families, Jasmine’s organization (CSE) helped win marriage equality in North Carolina and Mississippi. She is running to unseat Republican Madison Cawthorne for US Congress.

Maggie Ullman was Asheville’s first Sustainability Director. Her leadership has resulted in over $5 million of new grant dollars to communities in the American South who work with their local government to address climate change equitably. She is a candidate for Asheville City Council.

Together, both Maggie and Jasmine want to bring people together to incite change and protect what’s precious.

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Itemized vs. Business Deductions: Ending the Confusion

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Itemized vs. Business Deductions: Ending the Confusion

If you’re a creative entrepreneur, you may be confused about itemizing vs business deductions, and whether to itemize or take the standard deduction when you’re filing your taxes.

Today, I’m diving into the details of business deductions and itemizing as a creative, the differences between the two, and exactly how to know if you should be itemizing. I’m also sharing the civic side of taxes and some of the built-in biases that exist within our tax system.

Also mentioned in today’s episode:

  • Schedule C and who gets to file it 3:09

  • What are business deductions 6:25

  • The standard deduction for 2022 12:09

  • What are itemized deductions 14:25

  • The difference between itemized deductions and business deductions 22:05

  • The equity issues behind itemized and standard deductions 23:36

  • Why the tax code favors home ownership 29:10

  • Exactly how to know if you itemize 32:40

Links:

https://www.sunlighttax.com/deductionsguide

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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.

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