THE SUNLIGHT TAX BLOG:

Tax and Money Education for Creative People, Freelancers and Solopreneurs

Two Myths About Quarterly Taxes

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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.

Watch YouTube video version.

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How to Fix an Incorrect 1099

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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

My quick, easy 1099s course

Check out my program, Money Bootcamp.

Watch YouTube video version.

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Your January Checklist for Easier Taxes

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Today, I’m giving you a comprehensive January checklist to help organize your taxes if you’re self-employed so that you can have a headstart on your taxes for 2025.  

Tune in to this episode to get a strong start to the tax year and put systems in place to simplify your tax preparation process.

Listen and Subscribe Here

Today, I’m giving you a comprehensive January checklist to help organize your taxes if you’re self-employed so that you can have a headstart on your taxes for 2025.  

 

Tune in to this episode to get a strong start to the tax year and put systems in place to simplify your tax preparation process.

 

Also mentioned in today’s episode:  

  • Why you should check your odometer now 2:11

  • Issuing 1099’s and estimated tax payments 6:48

  • Maintaining business bank accounts and receipts 10:45

 

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

Links:

Check out my program, Money Bootcamp.

Watch YouTube video version.

Read More

Stress Stopper: Plan For Your 1099s

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Today, I’m talking about the importance of preparing for tax season specifically when it comes to issuing 1099 forms, including when you need to issue one and the deadline. 

Join me in this episode to learn how and when you need to obtain your W9 forms and issuing your 1099’s from your contractors. 

Listen and Subscribe Here

Today, I’m talking about the importance of preparing for tax season specifically when it comes to issuing 1099 forms, including when you need to issue one and the deadline. 

 

Join me in this episode to learn how and when you need to obtain your W9 forms and issuing your 1099’s from your contractors. 

 

Also mentioned in today’s episode: 

  • 1099 requirements 4:10

  • Compiling contractor payments 4:43

  • Gathering W9 forms 6:50

  • Preparing for 1099 issuance 9:53

 

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

Links:

FREE LIVE CLASS: Make Taxes Easier and Stash an Extra $152k in Your Savings 

Watch YouTube video version

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Mutual Aid: All the Tax Info You Need

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Today, I’m discussing the tax implications of mutual aid funds and how it relates to the context of Hurricane Helene's impact here in Western North Carolina with the creation of PayPals and fundraisers for donations. 

Join me in this important episode to learn how to handle the tax side of mutual aid and how to make sure you’re staying on the right side of the IRS.  

Listen and subscribe here

Today, I’m discussing the tax implications of mutual aid funds and how it relates to the context of Hurricane Helene's impact here in Western North Carolina with the creation of paypals and fundraisers for donations. 

Join me in this important episode to learn how to handle the tax side of mutual aid and how to make sure you’re staying on the right side of the IRS.  

 

Also mentioned in today’s episode: 

  • The importance of documenting gifts with written proof 3:45 

  • Offsetting tax liability 7:29

  • Charitable donations and itemized deductions 12:48 

 

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

Links:

Emergency Relief Fund Grants for Artists

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.

Watch YouTube video version

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