What Counts As Taxable Income?

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It’s easy to get confused when it comes to figuring out what you need to report as income on your tax return. 

Today, I’m going over some of the most common ways to receive money as an entrepreneur and talking about what actually counts as income in your business so you can be prepared for your taxes. 

Join me in this episode to learn more about determining your total income and how you can make sure you report it correctly to the IRS.

Also mentioned in today’s episode: 

  • How to know when something is income and when it’s not 9:54

  • What is the function of the people you serve? 12:16

  • Should you itemize your tax return? 13:55

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

Links:

Sign up for Money Bootcamp:

https://www.sunlighttax.com/moneybootcamp2023

 Get your FREE Deductions Guide

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Re-framing Finances for Creatives

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3 Tips for Easier Taxes