THE SUNLIGHT TAX BLOG:
Tax and Money Education for Creative People, Freelancers and Solopreneurs
search A TOPIC
Categories
- Business Management 12
- Creative Specific 3
- Estimated Quarterly Taxes 3
- General Economy; Tax Policy and Legislation 34
- Get to know Hannah Cole 8
- Interviews and personal stories 23
- Personal Finance 17
- Personal and Career Development 15
- Practical and Tactical Tax 52
- Retirement and Future Success 26
- Sunlight Podcast 134
- Tax Deductions for Freelancers and Self-Employed 5
Home Office Expenses on Your Books vs. Taxes
Listen and Subscribe Here
In today’s episode, I’m chatting about the common confusion around tax deductions for home offices or studios, including what you can and cannot deduct as an entrepreneur. I’m also explaining how discrepancies between bookkeeping and tax deductions for a home office are normal and expected.
Listen to this episode to get a better understanding of how to maximize your home office and studio deductions.
Listen and Subscribe Here
In today’s episode, I’m chatting about the common confusion around tax deductions for home offices or studios, including what you can and cannot deduct as an entrepreneur. I’m also explaining how discrepancies between bookkeeping and tax deductions for a home office are normal and expected.
Listen to this episode to get a better understanding of how to maximize your home office and studio deductions.
Also mentioned in today’s episode:
The criteria for home office deductions 2:35
How you can calculate your home office deductions 6:50
Direct expenses and quarterly tax payments 8:20
If you enjoyed this episode, please rate, review and share it!
Links:
Visual Guide to Tax Deductions
Check out my program, Money Bootcamp.
Two Myths About Quarterly Taxes
Listen and Subscribe Here
Today, I’m talking about the importance of understanding and managing your estimated quarterly taxes as a self-employed individual and addressing some of the common fears associated with making estimated payments.
Join me in this episode to learn how you can set up your quarterly payments to avoid a large tax bill and the stress that comes along with it.
Listen and Subscribe Here
Today, I’m talking about the importance of understanding and managing your estimated quarterly taxes as a self-employed individual and addressing some of the common fears associated with making estimated payments.
Join me in this episode to learn how you can set up your quarterly payments to avoid a large tax bill and the stress that comes along with it.
Also mentioned in today’s episode:
How quarterly taxes 10:04
Common mistakes and reporting issues 10:30
Reconciliation and tax return process 10:45
If you enjoyed this episode, please rate, review and share it!
Links:
Check out my program, Money Bootcamp.
How to Fix an Incorrect 1099
Listen and Subscribe Here
Today, I’m talking about the common problem of receiving an incorrect 1099 as an entrepreneur, including what you need to look for and how you can make the corrections to avoid any problems with filing your taxes.
Join me in this episode to get all of the details needed for correcting any 1099s that may have errors and what you can do to avoid any issues with filing.
Listen and Subscribe Here
Today, I’m talking about the common problem of receiving an incorrect 1099 as an entrepreneur, including what you need to look for and how you can make the corrections to avoid any problems with filing your taxes.
Join me in this episode to get all of the details needed for correcting any 1099s that may have errors and what you can do to avoid any issues with filing.
Also mentioned in today’s episode:
Steps to correcting a 1099 6:30
Handling discrepancies in 1099s 12:10
Reimbursed expenses and 1099 reporting 14:47
If you enjoyed this episode, please rate, review and share it!
Links:
Farnoosh Torabi's Book to Brand conference in NYC
Check out my program, Money Bootcamp.
What's Up with the BOI Reporting/Corporate Transparency Act?
Listen and Subscribe Here
Have you been wondering what’s going on with the Corporate Transparency Act? Today, I’m diving into the newest update of the Corporate Transparency Act and Beneficial Ownership Information Report, including what you need to do as an entrepreneur to stay proactive.
Listen to this episode to get your up-to-date information on BOI Reporting and how you can make sure you avoid any penalties that may pop up.
Listen and Subscribe Here
Have you been wondering what’s going on with the Corporate Transparency Act? Today, I’m diving into the newest update of the Corporate Transparency Act and Beneficial Ownership Information Report, including what you need to do as an entrepreneur to stay proactive.
Listen to this episode to get your up-to-date information on BOI Reporting and how you can make sure you avoid any penalties that may pop up.
Also mentioned in today’s episode:
Impact on small LLC’s 3:30
Legal challenges and court rulings 4:08
Recommendations for business owners 9:41
If you enjoyed this episode, please rate, review and share it!
Links:
Free Mini-Course on New Rules for LLCs/BOI Report
Check out my program, Money Bootcamp.
How To Issue Your 1099s
Listen and Subscribe Here
Today, I’m going over the importance of issuing 1099 forms if you’re self-employed, including who needs to receive them, the deadlines and penalties involved if you miss it.
Tune into this episode to get an understanding of the 1099 process and to get strategies to simplify issuing 1099s, so you can stay organized and avoid any penalties.
Listen and Subscribe Here
Today, I’m going over the importance of issuing 1099 forms if you’re self-employed, including who needs to receive them, the deadlines and penalties involved if you miss it.
Tune into this episode to get an understanding of the 1099 process and to get strategies to simplify issuing 1099s, so you can stay organized and avoid any penalties.
Also mentioned in today’s episode:
Types of 1099 forms and their uses 5:30
Who needs a 1099 and who doesn’t 6:56
Action checklist for issuing 1099s 19:00
If you enjoyed this episode, please rate, review and share it!
Links:
Check out my program, Money Bootcamp.
What are your money concerns?
Suggest a blog topic for Hannah here.