THE SUNLIGHT TAX BLOG:

Tax and Money Education for Creative People, Freelancers and Solopreneurs

How to Fund Your IRA: Pay Yourself First

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How to Fund Your IRA: Pay Yourself First

In today's episode, I’m talking about a very important topic: how to pay yourself first as a creative entrepreneur and how you can grow your stash of fuck you money. 

 Join me today, to hear the important steps you can take to make sure that you set yourself up for financial security and why it’s never too late to start contributing to your IRA.  

LISTEN & SUBSCRIBE HERE

In today's episode, I’m talking about a very important topic: how to pay yourself first as a creative entrepreneur and how you can grow your stash of fuck you money. 

 Join me today, to hear the important steps you can take to make sure that you set yourself up for financial security and why it’s never too late to start contributing to your IRA.  

 Also mentioned in today’s episode: 

  • Why you should set apart the full amount of money you want to use to fund your IRA first 9:25

  • Paying yourself first and how to do it 11:34

  • Why financial security is so important 13:22

  • Is it ok to start funding your IRA later in life? 15:27

  • 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

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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

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Estimated Quarterly Taxes: How To Calculate Your Payments

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Estimated Quarterly Taxes: How To Calculate Your Payments

Today, I’m diving into the second part of paying estimated quarterly taxes and sharing how you can actually calculate what your quarterly payments to the IRS should be. 

Join me to learn how you can determine your payments and why you should stop focusing on perfection and exact numbers. 

LISTEN & SUBSCRIBE HERE

Today, I’m diving into the second part of paying estimated quarterly taxes and sharing how you can actually calculate what your quarterly payments to the IRS should be. 

Join me to learn how you can determine your payments and why you should stop focusing on perfection and exact numbers. 

 Also mentioned in today’s episode: 

  • How to get started paying your estimated quarterly taxes 4:40

  • Safe harbor rules 17:20

  • Paying 90% of last years quarterly taxes 22:22

  • Calculating your income tax 25:11

  • States and quarterly taxes 27:56

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

Links:

Understand your Taxes and Make Money Free Class: https://go.sunlighttax.com/free

Episode 9: Perfectionism as a Creative Entrepreneur

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Estimated Quarterly Taxes: Breaking It Down

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Estimated Quarterly Taxes: Breaking It Down

If you’re a creative entrepreneur, chances are that you might be confused with the idea of paying your estimated quarterly taxes.

Today, I’m breaking down all of the details about estimated quarterly taxes including how to know what you owe and when you need to submit payment to the IRS. 

Join me in this informative episode to learn how you can stay caught up on your taxes and how you can avoid a large, unexpected tax bill.

LISTEN & SUBSCRIBE HERE

If you’re a creative entrepreneur, chances are that you might be confused with the idea of paying your estimated quarterly taxes.

Today, I’m breaking down all of the details about estimated quarterly taxes including how to know what you owe and when you need to submit payment to the IRS. 

Join me in this informative episode to learn how you can stay caught up on your taxes and how you can avoid a large, unexpected tax bill.

Also mentioned in today’s episode: 

  • What is a pay as you go tax system? 3:11

  • How estimated quarterly taxes work 15:42

  • The dates you need to know 18:30

  • How you can calculate your payment 21:02

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

Links:

Understand your Taxes and Make Money Free Class: https://go.sunlighttax.com/free

Watch YOUTUBE Episode

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1099s: Your Top Questions

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1099s: Your Top Questions

This week, I’m giving you a quick and practical episode answering some of the common questions I’ve received about 1099s so I can clarify any confusion before this upcoming tax season.  

Join me in this episode to get important details and information about 1099s including what you should do if you don’t receive one from someone who’s paid you.

LISTEN & SUBSCRIBE HERE

This week, I’m giving you a quick and practical episode answering some of the common questions I’ve received about 1099s so I can clarify any confusion before this upcoming tax season.  

Join me in this episode to get important details and information about 1099s including what you should do if you don’t receive one from someone who’s paid you.

Also mentioned in today’s episode: 

  • Do you need to report your income when it’s under $600? 3:10

  • Correcting incorrect 1099’s 5:42

  • What to do if someone refuses to give you a 1099 8:35

  • Penalties for not reporting all of your income 18:33

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

 

Links:

All About 1099s Workshop

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