THE SUNLIGHT TAX BLOG:
Tax and Money Education for Creative People, Freelancers and Solopreneurs
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LLCs & Why You Need to Separate Your Accounts
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LLCs & Why You Need to Separate Your Accounts
Today, I’m sharing an article I wrote about why it’s so important to keep your personal and business bank accounts separate as an entrepreneur. I’m also sharing information about LLC’s vs. a sole proprietorship and if having an LLC really changes anything during tax time.
Join me in this episode to hear why mixing your personal and business accounts can hurt your business and to learn more about whether you should switch to an LLC.
LISTEN AND SUBSCRIBE HERE
Today, I’m sharing an article I wrote about why it’s so important to keep your personal and business bank accounts separate as an entrepreneur. I’m also sharing information about LLC’s vs. a sole proprietorship and if having an LLC really changes anything during tax time.
Join me in this episode to hear why mixing your personal and business accounts can hurt your business and to learn more about whether you should switch to an LLC.
Also mentioned in today’s episode:
LLC’s and your taxes 1:09
Why your personal and business accounts should be separated 2:19
Can you operate as a sole proprietorship or do you need an LLC? 6:04
If you enjoyed this episode, please rate, review and share it!
Links:
VVRKSHOP, Paddy Johnson: https://www.vvrkshop.art/
The Child Care Tax Credit
LISTEN AND SUBSCRIBE HERE
The Child Care Tax Credit
Today, I’m sharing important details about the Child and Dependent Care Tax Credit and how you can use it during the summer months when sending your children to summer camp.
I’m also talking about the difference between a tax credit and a tax deduction and why a credit is more beneficial to the taxpayer.
Join me in this episode to learn how you can take advantage of this tax credit and how it can apply to you.
LISTEN AND SUBSCRIBE HERE
Today, I’m sharing important details about the Child and Dependent Care Tax Credit and how you can use it during the summer months when sending your children to summer camp.
I’m also talking about the difference between a tax credit and a tax deduction and why a credit is more beneficial to the taxpayer.
Join me in this episode to learn how you can take advantage of this tax credit and how it can apply to you.
Also mentioned in today’s episode:
What is the Child and Dependent Care Tax Credit? 1:00
Tax credit vs. deduction 6:44
What qualifies for this credit and how much can you claim? 9:56
If you enjoyed this episode, please rate, review and share it!
Links:
VVRKSHOP, Paddy Johnson: https://www.vvrkshop.art/
Taxes Should Be Part of Civic Education: A Story of Hope
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Taxes Should Be Part of Civic Education: A Story of Hope
Today, I’m sharing a civic oriented article I wrote back in 2018 that I hope will inspire you to get involved in your local politics and think more about why civic education is so important.
Join me in this inspiring episode to learn a bit more about why it’s so important to take a greater role in your local government and why I feel so passionate about advocating for tax education in this country.
LISTEN AND SUBSCRIBE HERE
Today, I’m sharing a civic oriented article I wrote back in 2018 that I hope will inspire you to get involved in your local politics and think more about why civic education is so important.
Join me in this inspiring episode to learn a bit more about why it’s so important to take a greater role in your local government and why I feel so passionate about advocating for tax education in this country.
Also mentioned in today’s episode:
Why local politics is so important 2:11
Why is tax policy left out of civics? 6:23
Lying from politicians about who pays taxes and why that’s such an issue 10:43
Tax education and why we need it 14:14
If you enjoyed this episode, please rate, review and share it!
Links:
link to article: https://www.sunlighttax.com/blog/2019/3/27/tax-policy-should-be-part-of-our-basic-civic-education
link to podcast I reference, the Overlook podcast.
Do I Need an LLC?
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Do I Need an LLC?
One of the top questions I get asked in my one to one consultations as a tax accountant for creative entrepreneurs is: Do I need an LLC?
Today, I’m diving into LLC’s and explaining from an accounting perspective the details of why entrepreneurs might consider changing their business status to an LLC and the benefits that come along with it.
Join me in this episode to learn more about LLC’s and why having one doesn’t define your business status.
LISTEN & SUBSCRIBE HERE
One of the top questions I get asked in my one to one consultations as a tax accountant for creative entrepreneurs is: Do I need an LLC?
Today, I’m diving into LLC’s and explaining from an accounting perspective the details of why entrepreneurs might consider changing their business status to an LLC and the benefits that come along with it.
Join me in this episode to learn more about LLC’s and why having one doesn’t define your business status.
Also mentioned in today’s episode:
Single member and multi member LLC’s 3:17
What is an LLC and what does it do 12:13
Liability protection 14:50
The importance of having a separate business bank account 20:46
The next steps to take after having an LLC 23:08
If you enjoyed this episode, please rate, review and share it!
Links:
To sign up for the free live class, Understand Your Taxes and Make Money, register here: https://go.sunlighttax.com/free
Taxes, Democracy, and the Largest Climate Bill in US History
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Taxes, Democracy, and the Largest Climate Bill in US History
In this first episode of 2023, I’m sharing some of what the Biden administration has accomplished and the incredible strides that have come from the newly passed Inflation Reduction Act.
I go into detail on how the Inflation Reduction Act could directly benefit you and why this act is such a big deal for the environment.
LISTEN & SUBSCRIBE HERE
In this first episode of 2023, I’m sharing some of what the Biden administration has accomplished and the incredible strides that have come from the newly passed Inflation Reduction Act.
I go into detail on how the Inflation Reduction Act could directly benefit you and why this act is such a big deal for the environment.
Also mentioned in today’s episode:
Why the tax code isn’t equitable 9:46
Why getting involved in local politics is important 18:38
The importance of subsidies for clean energy sources 29:40
Why you might not have to wait for a tax return for your tax credit 31:50
The health insurance premium tax credit 37:45
If you enjoyed this episode, please rate, review and share it!
Links:
EPISODE 11: VISION: RUNNING FOR OFFICE
https://www.sunlighttax.com/deductionsguide
What are your money concerns?
Suggest a blog topic for Hannah here.