THE SUNLIGHT TAX BLOG:

Tax and Money Education for Creative People, Freelancers and Solopreneurs

Estimated Quarterly Taxes: How To Calculate Your Payments

LISTEN & SUBSCRIBE HERE

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

Watch YOUTUBE Episode

Read More

Estimated Quarterly Taxes: Breaking It Down

LISTEN & SUBSCRIBE HERE

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

Read More

1099s: Your Top Questions

LISTEN & SUBSCRIBE HERE

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

Watch YOUTUBE Episode

Read More

Tips to Set Up for Easy Taxes

LISTEN & SUBSCRIBE HERE

Tips to Set Up for Easy Taxes

Preparing for tax season can be overwhelming especially if you’re a business owner. 

In this week’s episode, I’m sharing some of the easy tips I have for you as a creative entrepreneur preparing for tax season.  

 Join me in this informative episode to learn the action tips you need to take today to make your tax season seamless and stress-free. 

LISTEN & SUBSCRIBE HERE

Preparing for tax season can be overwhelming especially if you’re a business owner. 

In this week’s episode, I’m sharing some of the easy tips I have for you as a creative entrepreneur preparing for tax season.  

Join me in this informative episode to learn the action tips you need to take today to make your tax season seamless and stress-free. 

Also mentioned in today’s episode: 

  • How to start tracking your mileage 3:00

  • How to set up a plan for your tax documents 6:47

  • Organizing your receipts 9:11

  • The importance of bookkeeping 10:35

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

Links:

You can get a 20% discount on MileIQ using this code: HCOL124A
Episode #4: Mileage The Best Tax Deduction You’re Missing

Episode #27: How to Issue 1099s

https://www.sunlighttax.com/deductionsguide

Watch YOUTUBE Episode

Read More

How to Issue 1099s

LISTEN & SUBSCRIBE HERE

How to Issue 1099s

In this week’s special bonus episode, I’m breaking down any confusion and explaining all of the details you need to know about 1099’s as a creative entrepreneur, including whether or not you need to issue one to your independent contractors.  

Join me in this episode to get a head start on the upcoming tax season and to hear about the live workshop I’m hosting to help you get prepared when it comes to 1099’s. 

LISTEN & SUBSCRIBE HERE

In this week’s special bonus episode, I’m breaking down any confusion and explaining all of the details you need to know about 1099s as a creative entrepreneur, including whether or not you need to issue one to your independent contractors.  

Join me in this episode to get a head start on the upcoming tax season and to hear about the live workshop I’m hosting to help you get prepared when it comes to 1099s. 

Also mentioned in today’s episode: 

  • Penalties for not issuing 1099’s on time 

  • Exceptions for issuing 1099’s 

  • ACH transfers 

  • Getting a 1099 and W9

  • What you can do today to prepare 

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

Links:

https://courses.sunlighttax.com/1099

https://www.sunlighttax.com/deductionsguide

Watch YOUTUBE Episode

Read More

What are your money concerns?
Suggest a blog topic for Hannah here.