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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

What Small Business Bookkeeping is Actually For

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In this episode, I’m diving into the essentials of bookkeeping specifically for small business owners who want to take control of their finances without the overwhelm. I break down accounting basics like the difference between financial accounting and tax accounting, and I explain when (and if) you actually need audited financial statements. We’ll talk about how to simplify your DIY bookkeeping process, stay on top of your taxes, and make tax preparation less stressful. 

If you're a small business owner, freelancer, or creative entrepreneur looking for practical tips on bookkeeping, taxes, and staying organized, this episode is packed with everything you need to build confidence and clarity around your money.

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LLC Myths: The Truth About LLCs and Taxes

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In this episode of the Sunlight Podcast, I’m unpacking some of the biggest myths I hear about forming an LLC. If you're self-employed or thinking about business formation, it's so important to understand what an LLC really is—and what it isn't. I talk through common misconceptions about taxes, liability protection, whether an LLC makes you a “real” legal entity, and how much ongoing accounting or paperwork is actually needed.

I also share why business insurance is still essential (yes, even if you have an LLC), and how good financial advice can help you make smart choices for your business. Plus, I give a sneak peek at my upcoming book, Taxes for Humans, where I go even deeper into LLCs, business structures, and all the stuff no one teaches you when you become self-employed.

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My #1 Tip After Filing Your Taxes

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In today’s episode of the Sunlight Podcast, I’m sharing why it’s so important to review your tax return—even after you’ve filed. We’ll also chat about the power of taking a digital detox during the busy tax season to help you reset and recharge.

I’ll walk you through how to understand the key sections of your tax return, what tax estimates really mean, and how to reconcile what you owed with what you paid.

Plus, I’m offering some simple, practical strategies for adjusting your future payments if your income changes—so you can feel more confident, prepared, and in control come tax time. Whether you’re self-employed or just trying to make sense of your finances, this episode is here to support you!

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Sunlight Podcast Hannah Cole Sunlight Podcast Hannah Cole

Understand Your Tax Rate

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Has calculating your income tax rate in the past been overwhelming?

Today, I’m going to discuss the complexities of income tax rates, particularly for self-employed individuals. I explain the progressive tax system, the difference between marginal and average tax rates, and provide practical tips for calculating taxes accurately. The conversation aims to demystify tax calculations and empower listeners with knowledge to manage their finances effectively.

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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Tips on Filing an Extension

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Today, I’m providing some practical advice on filing a tax extension and how you can do it without getting a penalty. I’m also talking about the importance of relationships in career success as an artist, especially in a world increasingly influenced by AI.

Join me in this episode to learn how you can file a tax extension properly and why you need to be focusing on building relationships in your art career. 

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