THE SUNLIGHT TAX BLOG:

Tax and Money Education for Creative People, Freelancers and Solopreneurs

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podcast Hannah Cole podcast Hannah Cole

Respect Your Work, Then Get Organized

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Respect Your Work, Then Get Organized

Today, I want to talk about the importance of believing in your work and why it’s so important for creative professionals to know the value of their work in this world. I’m sharing with you some personal examples of how artwork can have a profound impact on others. 

Join me in this episode, to learn more about how you can start taking your creative career more seriously and why you need to start treating it like a job other than a hobby. 

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Today, I want to talk about the importance of believing in your work and why it’s so important for creative professionals to know the value of their work in this world. I’m sharing with you some personal examples of how artwork can have a profound impact on others. 

Join me in this episode, to learn more about how you can start taking your creative career more seriously and why you need to start treating it like a job other than a hobby. 

Also mentioned in today’s episode: 

  • The value of creative work 6:15

  • Reflect on your values and priorities 10:30

  • Taking your bookkeeping and your business more seriously 14:32

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

 

Episodes Mentioned:

New Rules for LLCs: How The Corporate Transparency Act Affects You

 

Links:

Matt Phillips https://www.instagram.com/themattphillips?igsh=NmU4eGljNjd1M2po

Luster hustler ceramics for self love

https://www.instagram.com/luster_hustler?igsh=dXBlcGtrZXc1N3Rx 

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podcast Hannah Cole podcast Hannah Cole

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. 

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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

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podcast Hannah Cole podcast Hannah Cole

Tax Credits and Law Changes Not to Miss

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Tax Credits and Law Changes Not to Miss

This week, I’m sharing a year-end review of past episodes from 2023 that covered new tax laws and legislation so you can be prepared when it comes to your business finances as we approach the tax season and year end.  

Join me in this episode to get a recap of any new laws or tax credits that could impact you and your finances in 2024.  

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This week, I’m sharing a year-end review of past episodes from 2023 that covered new tax laws and legislation so you can be prepared when it comes to your business finances as we approach the tax season and year end.  

 

Join me in this episode to get a recap of any new laws or tax credits that could impact you and your finances in 2024.  

 

Also mentioned in today’s episode: 

  • The Corporate Transparency Act 2:22 

  • An update on contribution limits for tax advantaged accounts 4:26

  • Secure 2.0 Act 5:06

  • Tax laws and charitable donations 6:55

  • Medical expense deductions 10:36

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

 

Links:

 

Episodes Mentioned:

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podcast Hannah Cole podcast Hannah Cole

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 
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podcast Hannah Cole podcast Hannah Cole

New Rules for LLCs: How The Corporate Transparency Act Affects You

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New Rules for LLCs: How The Corporate Transparency Act Affects You

In today's episode, I want to talk about a new law that goes into effect in January of 2024 and affects small business owners with an LLC: The Corporate Transparency Act.

 Join me in this important episode to learn more about this law, why it’s actually a good thing and how you can comply to avoid fines. 

LISTEN AND SUBSCRIBE HERE

In today's episode, I want to talk about a new law that goes into effect in January of 2024 and affects small business owners with an LLC: The Corporate Transparency Act.

 Join me in this important episode to learn more about this law, why it’s actually a good thing and how you can comply to avoid fines. 

Also mentioned in today’s episode: 

  • What is the Corporate Transparency Act and why is it a good thing? 2:25 

  • Who needs to comply with this law 5:09

  • New York State and their own version of this law 9:22

  • When to file and how it effects new LLC’s 13:02

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

 

Links: 

https://www.sunlighttax.com/openhouse

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podcast Hannah Cole podcast Hannah Cole

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. 

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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:

https://www.sunlighttax.com/openhouse
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podcast Hannah Cole podcast Hannah Cole

FU Money for the People

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FU Money for the People

On today’s episode, I’m talking about an important topic that I’m very passionate about: saving for retirement. I’m sharing why it’s so important to make sure you contribute to your retirement, how it can help you become a millionaire and some important facts you should know. 

Join me to learn about saving for your retirement and some of the benefits you can get by starting today. 

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On today’s episode, I’m talking about an important topic that I’m very passionate about: saving for retirement. I’m sharing why it’s so important to make sure you contribute to your retirement, how it can help you become a millionaire and some important facts you should know. 

 

Join me to learn about saving for your retirement and some of the benefits you can get by starting today. 

 

Also mentioned in today’s episode: 

 

  • Why it’s so important to save for retirement 5:09

  • Updated contribution thresholds 7:00

  • Some of the benefits of tax advantaged retirement accounts 7:30

  • Why credits are so much more powerful than deductions 15:00

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

 

Links: 

My Gusto affiliate link for $100 off my favorite payroll software

Free class to see the tax-shelter math

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podcast Hannah Cole podcast Hannah Cole

Donating Your Work isn't a Charitable Deduction

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Donating Your Work isn't a Charitable Deduction

As we approach the upcoming holiday season, I wanted to chat about an important topic that comes up often: donating your artwork to a charitable organization and what that means for your taxes. 

Join me today in this important episode as I explain what donating your artwork to charity means during tax time and why nonprofits need to be aware of the tax implications of charitable donations for artists. I also give you some tips on how you can still be charitable without feeling exploited. 

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As we approach the upcoming holiday season, I wanted to chat about an important topic that comes up often: donating your artwork to a charitable organization and what that means for your taxes. 

 

Join me today in this important episode as I explain what donating your artwork to charity means during tax time and why nonprofits need to be aware of the tax implications of charitable donations for artists. I also give you some tips on how you can still be charitable without feeling exploited. 

 

Also mentioned in today’s episode: 

 

  • Donating your work to charity and the tax implications 1:38

  • Deducting materials on your taxes 5:32

  • How you can donate to charity without feeling exploited as an artist 6:58

  • Why nonprofits need to be more transparent and ethical when asking for donations from artists 10:31

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

 

Links:

 El Anatsui: https://elanatsui.art/

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podcast Hannah Cole podcast Hannah Cole

Set Up Your Calendar for Tax Success

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Set Up Your Calendar for Tax Success

Today, I’m sharing with you how you can set up your calendar for success as an entrepreneur so you never miss any tax deadlines and why it’s so important to have all of the important tax dates outlined. 

Join me in this episode to find out how you can grab my calendar filled with important tax dates so you can stay prepared for tax season!

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Today, I’m sharing with you how you can set up your calendar for success as an entrepreneur so you never miss any tax deadlines and why it’s so important to have all of the important tax dates outlined. 

 

Join me in this episode to find out how you can grab my calendar filled with important tax dates so you can stay prepared for tax season!

 

Also mentioned in today’s episode: 

 

  • The importance of tax deadlines 13:56

  • Some of the most important deadlines you need to know 19:00

  • How you can get my free tax nudge calendar 22:02


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

 

Links: 

Register for the free class “Make Taxes Easier and Stash an Extra $130k in Your Savings” https://go.sunlighttax.com/free

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podcast Hannah Cole podcast Hannah Cole

Your Personal Finance Attitude Adjustment

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Your Personal Finance Attitude Adjustment

Today, I’m sharing another article I wrote in 2017 for the art blog, Art F City, where I focus on the mindset and the attitude that you need to conquer your personal finances. 

Join me in this episode to learn more about how you can shift your mindset and adjust your attitude when it comes to money and prioritize your financial security. 

LISTEN AND SUBSCRIBE HERE

Today, I’m sharing another article I wrote in 2017 for the art blog, Art F City, where I focus on the mindset and the attitude that you need to conquer your personal finances. 

Join me in this episode to learn more about how you can shift your mindset and adjust your attitude when it comes to money and prioritize your financial security. 

Also mentioned in today’s episode: 

  • The importance of mindset when it comes to finances 1:37

  • Spending less than you earn 3:20

  • Why you should observe your spending habits 5:10

  • How you can prioritize your financial security 7:11

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

 

Links:

https://go.sunlighttax.com/register

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podcast Hannah Cole podcast Hannah Cole

Money Cheat Sheet for the Overwhelmed

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Money Cheat Sheet for the Overwhelmed

Today, I’m sharing an article I wrote where I give a practical financial overview and is a personal finance cheat sheet for anyone feeling overwhelmed with their finances and taxes.  

Listen to this episode to get some finance tips to help you feel more secure as an entrepreneur when it comes to your money.

LISTEN AND SUBSCRIBE HERE

Today, I’m sharing an article I wrote where I give a practical financial overview and is a personal finance cheat sheet for anyone feeling overwhelmed with their finances and taxes.  

Listen to this episode to get some finance tips to help you feel more secure as an entrepreneur when it comes to your money.

Also mentioned in today’s episode: 

  • Prioritizing debt repayment 5:52

  • Why saving for retirement is so important 7:45

  • Investing for long-term growth 11:23

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

Links:

https://go.sunlighttax.com/register
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podcast Hannah Cole podcast Hannah Cole

The Right Step at the Right Time

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The Right Step at the Right Time

Are you an entrepreneur who has wondered if it’s time for you to form an LLC or an S Corp?

Today, I’m going over the business order of operations and why it’s so important to focus on the next level of your business instead of planning far ahead so you don’t waste valuable time and money. 

 Join me in this important episode as I go over some of the important steps in entrepreneurship and when you might want to consider taking the leap. 

LISTEN AND SUBSCRIBE HERE

Are you an entrepreneur who has wondered if it’s time for you to form an LLC or an S Corp?

Today, I’m going over the business order of operations and why it’s so important to focus on the next level of your business instead of planning far ahead so you don’t waste valuable time and money. 

 Join me in this important episode as I go over some of the important steps in entrepreneurship and when you might want to consider taking the leap. 

Also mentioned in today’s episode: 

  • LLC as liability protection and do you need liability insurance? 4:22

  • The importance of bookkeeping with Schedule C 8:50 

  • S Corporations and taxes 12:42

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

 

Links:

Visit my opening at the Tracey Morgan Gallary November 3rd

http://www.traceymorgangallery.com/

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podcast Hannah Cole podcast Hannah Cole

Your Business Already Started

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Your Business Already Started

In today’s episode, I’m going over when your business actually starts according to the IRS, the importance of profit motive and the major benefits to filing a Schedule C even if you’re a new business. 

Join me today as I explain the details of getting your business started and how you can prepare for your first year of filing taxes as an entrepreneur. 

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In today’s episode, I’m going over when your business actually starts according to the IRS, the importance of profit motive and the major benefits to filing a Schedule C even if you’re a new business. 

Join me today as I explain the details of getting your business started and how you can prepare for your first year of filing taxes as an entrepreneur. 

Also mentioned in today’s episode: 

  • When a business starts from a tax perspective 1:30

  • Start up expenses and profit motive 7:21

  • Tax deductions for a business in the first year 9:28

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

Links:

https://go.sunlighttax.com/register
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podcast Hannah Cole podcast Hannah Cole

How to Reduce Tax Overwhelm

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How to Reduce Tax Overwhelm

Today, I’m sharing how you can reduce your tax overwhelm and get some relief when it comes to filing your taxes for your small business. I’m giving you 3 systems you need to make sure you stay organized during tax time so you can reduce your overwhelm. 

Join me in this informative episode as I give you some quick tips on creating a simplified system for bookkeeping and taxes as a self-employed creative.   

LISTEN AND SUBSCRIBE HERE

Today, I’m sharing how you can reduce your tax overwhelm and get some relief when it comes to filing your taxes for your small business. I’m giving you 3 systems you need to make sure you stay organized during tax time so you can reduce your overwhelm. 

Join me in this informative episode as I give you some quick tips on creating a simplified system for bookkeeping and taxes as a self-employed creative.   

Also mentioned in today’s episode: 

  • Bookkeeping and your taxes 4:35

  • Schedule C tax filing and entity formation 8:19

  • The 3 systems self-employed people need to stay organized with taxes 12:30

  • Why you shouldn’t mix your personal and business accounts 16:49

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

 

Links:

https://go.sunlighttax.com/register

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podcast Hannah Cole podcast Hannah Cole

How I Got Here: Interview with Kelly Bennett, Brand Strategist

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How I Got Here: Interview with Kelly Bennett, Brand Strategist

This week, I’m sharing an interview I did on the Emerging Brands Podcast with Kelly Bennett. 

Kelly Bennett is a New York City based Brand Strategist who helps brands define their brand strategy and develop brand narratives. 

Join me in this episode as I talk about my business, how and why I started my company and some important parts of accounting you should know as an entrepreneur. 

LISTEN AND SUBSCRIBE HERE

This week, I’m sharing an interview I did on the Emerging Brands Podcast with Kelly Bennett. 

Kelly Bennett is a New York City based Brand Strategist who helps brands define their brand strategy and develop brand narratives. 

Join me in this episode as I talk about my business, how and why I started my company and some important parts of accounting you should know as an entrepreneur. 

Also mentioned in today’s episode: 

  • My background and why I started Sunlight Tax 4:49

  • Do small businesses need an LLC or an S Corp? 23:45

  • Money Bootcamp and how it helps streamline taxes and bookkeeping for small businesses 30:46

  • Financial empowerment and ethical investing 41:51

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

 Links:

 Emerging Brands Podcast

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