THE SUNLIGHT TAX BLOG:

Tax and Money Education for Creative People, Freelancers and Solopreneurs

Discomfort Means You're Growing: Estimates and Investments

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Discomfort Means You're Growing: Estimates and Investments

This week, I’m talking about embracing discomfort for your personal growth and financial success and how seeking out discomfort can help drive learning and achievement. 

Join me as I share some of my own experiences of overcoming discomfort and how you can learn to view mistakes as learning opportunities instead of signs of failure.

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This week, I’m talking about embracing discomfort for your personal growth and financial success and how seeking out discomfort can help drive learning and achievement. 

 

Join me as I share some of my own experiences of overcoming discomfort and how you can learn to view mistakes as learning opportunities instead of signs of failure.

 

Also mentioned in today’s episode: 

  • Why you should seek out discomfort 2:47

  • Aiming for improvement rather than perfection 8:47

  • The power of compound interest and why you need to be investing 20:58

  • How to really embrace discomfort when it comes to money and investing 30:40

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

Links:

 

Understand Your Tax Rate: https://pod.link/1640538610/episode/378b7d09b9680294b1301a5515bb5303

Free class: Make Taxes Easier and Stash an Extra $130k in Your Savings: https://go.sunlighttax.com/free

 

Hidden Potential: The Science of Achieving Greater Things

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1099s Deep Dive: Listener Questions

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1099s Deep Dive: Listener Questions

Today,  I’m going over some listener questions about 1099 tax forms and clarifying some issues that might arise for you as an artist or creative entrepreneur. I’m also giving you some advice on what to do if you get an incorrect 1099 form after filing taxes.  

Join me in this episode to get a head start on your 1099 filings and to learn all the important details of filing correctly so you can avoid any penalties. 

LISTEN AND SUBSCRIBE HERE

Today,  I’m going over some listener questions about 1099 tax forms and clarifying some issues that might arise for you as an artist or creative entrepreneur. I’m also giving you some advice on what to do if you get an incorrect 1099 form after filing taxes. 

 

Join me in this episode to get a head start on your 1099 filings and to learn all the important details of filing correctly so you can avoid any penalties. 

 

Also mentioned in today’s episode: 

  • 1099 reporting regulations for freelancers 2:20

  • Tips for artists to issue 1099 form 6:55

  • Common 1099 mistakes 8:50

  • How to handle an unexpected 1099 14:18

  • The penalties associated with not filing 1099s 19:50

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

Links:

Short course on issuing 1099s

Sunlight episode on 1099s

https://www.sunlighttax.com/moneybootcampimpact

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What Are Receipts Actually For?

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What Are Receipts Actually For?

In today's episode, I’m explaining and going into detail about receipts and bookkeeping for self-employed creatives, including why keeping receipts is important and how you can keep yourself organized for tax season. 

Listen to this important episode to learn more about when you need to keep receipts, where you can keep your receipts so you have them ready if needed and some of the common deductions you can take. 

LISTEN AND SUBSCRIBE HERE

In today's episode, I’m explaining and going into detail about receipts and bookkeeping for self-employed creatives, including why keeping receipts is important and how you can keep yourself organized for tax season. 

 

Listen to this important episode to learn more about when you need to keep receipts, where you can keep your receipts so you have them ready if needed and some of the common deductions you can take. 

 

Also mentioned in today’s episode:  

  • Should you be sorting your receipts? 9:30

  • Should you worry about being audited? 13:45

  • How you can organize your receipts to make it easier 20:20

  • Why you need to separate your business and personal finances 22:05

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

 

Episodes mentioned:  

Respect Your Work, Then Get Organized

 

Links:

https://www.sunlighttax.com/podcastguide

https://www.sunlighttax.com/openhouse 

https://www.sunlighttax.com/moneybootcampimpact

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Issuing 1099s

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Issuing 1099s

Today, I’m chatting about the importance of filing 1099 forms if you’re self-employed. I’m explaining who needs to file a 1099, how to file the form correctly and the deadline you need to file by to make sure you avoid any penalties. 

Join me in this important and timely episode to learn about filing your 1099, whether you fit into an exception and how you can track your payments for easier filing. 

LISTEN AND SUBSCRIBE HERE

Today, I’m chatting about the importance of filing 1099 forms if you’re self-employed. I’m explaining who needs to file a 1099, how to file the form correctly and the deadline you need to file by to make sure you avoid any penalties.

 

Join me in this important and timely episode to learn about filing your 1099, whether you fit into an exception and how you can track your payments for easier filing. 

 

Also mentioned in today’s episode: 

  • Why issuing 1099s is so important and the penalties associated with skipping it 3:07

  • When you don’t need to issue a 1099 8:57

  • Using a third-party payment processor 12:25

  • Practical tips for obtaining a w9 form 18:57

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

Links:

https://www.sunlighttax.com/moneybootcampimpact

Watch Youtube video version

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Respect Your Work, Then Get Organized

LISTEN AND SUBSCRIBE HERE
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. 

LISTEN AND SUBSCRIBE HERE

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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