THE SUNLIGHT TAX BLOG:

Tax and Money Education for Creative People, Freelancers and Solopreneurs

Sales Tax vs. Income Tax

Listen and Subscribe Here

Today, I’m diving into the topic of Sales Tax vs. Income Tax and emphasizing why it’s so important for you to know the difference. 

Join me in this episode, to learn more about the differences between sales tax and income tax and how it can affect you as an entrepreneur.  

Listen and Subscribe Here

Today, I’m diving into the topic of Sales Tax vs. Income Tax and emphasizing why it’s so important for you to know the difference. 

 

Join me in this episode, to learn more about the differences between sales tax and income tax and how it can affect you as an entrepreneur.  

 

Also mentioned in today’s episode: 

  • The main differences between sales tax and income tax 11:13

  • Registration and filing requirements 13:49

  • Sales tax filing process 16:00

 

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

Links:

The WNC Strong: Rebuilding Together Grant for grant aid to help local Businesses survive and rebuild: https://www.mountainbizworks.org/helene/donate

For Sunlight Tax Mutual Aid donations. I will donate 100% of these funds directly to people in need.

Emergency Relief Fund Grants for Artists

Join my Program: https://www.sunlighttax.com/moneybootcampimpact

Watch YouTube video version

Read More
Sunlight Podcast, Business Management Hannah Cole Sunlight Podcast, Business Management Hannah Cole

Why You Get Stuck in a Tax Pain Cycle

Listen and subscribe here

In today’s episode, I’m chatting about the common cycle of pain self-employed individuals face during tax season and how tax preparation services often lack the education necessary to break this cycle.

Join me today to learn how you can implement systems that can help you avoid large, unexpected tax bills and penalties going forward. 

Listen and subscribe here

In today’s episode, I’m chatting about the common cycle of pain self-employed individuals face during tax season and how tax preparation services often lack the education necessary to break this cycle.

 

Join me today to learn how you can implement systems that can help you avoid large, unexpected tax bills and penalties going forward. 

 

Also mentioned in today’s episode: 

  • The cycle of pain: the initial challenges 4:12

  • Surprise tax bill and its consequences 4:50

  • Breaking the cycle of pain with simple systems 10:25

 

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


Links:

Register for the free class, Make Taxes Simple and Stash an Extra $130k in Your Savings.

Watch YouTube video version

Read More
Sunlight Podcast, Business Management Hannah Cole Sunlight Podcast, Business Management Hannah Cole

Corporations: Why You're Feeling so Confused

Listen and Subscribe Here

Today, I’m giving you a short and sweet episode where I discuss the confusion surrounding the term "corporation" in tax and business contexts and explain how the word can be used differently depending on who is using it.  

Join me in this episode to get some clarification on the term “corporation” and how it relates to you as a business owner. 

Listen and Subscribe Here

Today, I’m giving you a short and sweet episode where I discuss the confusion surrounding the term "corporation" in tax and business contexts and explain how the word can be used differently depending on who is using it.  

 

Join me in this episode to get some clarification on the term “corporation” and how it relates to you as a business owner. 

 

Also mentioned in today’s episode: 

  • Understanding the confusion around the word “corporation” 1:10

  • Clarifying the tax structures of small businesses 3:11

  • The role of LLC’s 6:36

 

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

Links:

Register for the free class, Make Taxes Simple and Stash an Extra $130k in Your Savings.

Watch YouTube video version

Read More
Business Management, Sunlight Podcast Hannah Cole Business Management, Sunlight Podcast Hannah Cole

The Right Step at the Right Time

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. 

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/

Watch Youtube Video Version

Read More
Business Management, Sunlight Podcast Hannah Cole Business Management, Sunlight Podcast Hannah Cole

Your Business Already Started

LISTEN AND SUBSCRIBE HERE

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. 

LISTEN AND SUBSCRIBE HERE

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
Watch Youtube video version

Read More

What are your money concerns?
Suggest a blog topic for Hannah here.