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 5
- General Economy; Tax Policy and Legislation 35
- 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 139
- Tax Deductions for Freelancers and Self-Employed 7
Don't Forget These Deductions: Parking and Tolls
Listen and Subscribe Here
Today, I’m chatting about another commonly missed tax deduction for self-employed individuals: parking and tolls. I’m diving into how tolls and parking should be tracked separately and added to the car expense category on tax schedules so you can get the deduction you deserve.
Join me in this episode to get some practical tips on how to easily track your parking and toll expenses for this upcoming tax season.
Listen and Subscribe Here
Today, I’m chatting about another commonly missed tax deduction for self-employed individuals: parking and tolls. I’m diving into how tolls and parking should be tracked separately and added to the car expense category on tax schedules so you can get the deduction you deserve.
Join me in this episode to get some practical tips on how to easily track your parking and toll expenses for this upcoming tax season.
Also mentioned in today’s episode:
Tracking parking and tolls separately from mileage 2:26
Methods for tracking car expenses 2:44
Practical tips for maximizing your deductions 4:30
If you enjoyed this episode, please rate, review and share it!
Links:
Sunlight episode on tracking mileage deduction
Save your seat for the free class, Make Taxes Easier and Stash an Extra $152k in Your Savings
Don't Forget These Deductions: Cell Phone and Internet
Listen and Subscribe Here
Today, I’m chatting about a commonly missed tax deduction for entrepreneurs: cell phone and internet expenses. I’m going over why these deductions are missed and how you can utilize them to get the most out of your tax return this year.
Join me in this episode to learn how to calculate a reasonable business percentage for these mixed-use expenses so you can maximize your allowable deductions and keep more of your hard-earned money.
Listen and Subscribe Here
Today, I’m chatting about a commonly missed tax deduction for entrepreneurs: cell phone and internet expenses. I’m going over why these deductions are missed and how you can utilize them to get the most out of your tax return this year.
Join me in this episode to learn how to calculate a reasonable business percentage for these mixed-use expenses so you can maximize your allowable deductions and keep more of your hard-earned money.
Also mentioned in today’s episode:
Calculating business percentage for cell phone expenses 2:54
Internet usage and business deductions 5:50
Tracking and documenting your personal expenses 8:28
If you enjoyed this episode, please rate, review and share it!
Links:
Save your seat for the free class, Make Taxes Easier and Stash an Extra $152k in Your Savings
Check out my program, Money Bootcamp.
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.
Insider Deduction Tips
LISTEN AND SUBSCRIBE HERE
Insider Deduction Tips
Today, I’m giving you some insight into deductions and details on categories when it comes to your schedule C deductions. I talk about key categories for deductions like advertising and supplies and why it’s so important to keep proper documentation when it comes to deductions on your taxes.
Join me this week, to get some strategic guidance on maximizing your deductions and avoiding audits by putting expenses in their appropriate categories.
LISTEN AND SUBSCRIBE HERE
Today, I’m giving you some insight into deductions and details on categories when it comes to your schedule C deductions. I talk about key categories for deductions like advertising and supplies and why it’s so important to keep proper documentation when it comes to deductions on your taxes.
Join me this week, to get some strategic guidance on maximizing your deductions and avoiding audits by putting expenses in their appropriate categories.
Also mentioned in today’s episode:
Advertising and why website hosting fee’s go there 3:00
2 common categories where tax preparers may dump expenses without proper documentation 5:20
How to avoid an audit when it comes to listing your deductions 12:40
If you enjoyed this episode, please rate, review and share it!
Links:
How to Deduct Fees, Bandmate Payouts and Gallery Commissions
LISTEN AND SUBSCRIBE HERE
How to Deduct Fees, Bandmate Payouts and Gallery Commissions
Today, I’m talking about deducting education expenses and explaining how fees and reimbursement works when it comes to reporting your income on your taxes.
Listen to this episode to get some insight on tax implications and how you can properly track income to meet the reporting requirements.
LISTEN AND SUBSCRIBE HERE
Today, I’m talking about deducting education expenses and explaining how fees and reimbursement works when it comes to reporting your income on your taxes.
Listen to this episode to get some insight on tax implications and how you can properly track income to meet the reporting requirements.
Also mentioned in today’s episode:
Reporting gallery commissions on your taxes 12:54
How income and taxes work for musicians being paid out for performances 14:54
When you need a 1099 issued 17:00
If you enjoyed this episode, please rate, review and share it!
Links:
Get your free Deductions Guide: https://www.sunlighttax.com/deductionsguide
What are your money concerns?
Suggest a blog topic for Hannah here.