THE SUNLIGHT TAX BLOG:
Tax and Money Education for Creative People, Freelancers and Solopreneurs
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- Sunlight Podcast 114
- Tax Deductions for Freelancers and Self-Employed 4
How to Issue 1099s
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How to Issue 1099s
In this week’s special bonus episode, I’m breaking down any confusion and explaining all of the details you need to know about 1099’s as a creative entrepreneur, including whether or not you need to issue one to your independent contractors.
Join me in this episode to get a head start on the upcoming tax season and to hear about the live workshop I’m hosting to help you get prepared when it comes to 1099’s.
LISTEN & SUBSCRIBE HERE
In this week’s special bonus episode, I’m breaking down any confusion and explaining all of the details you need to know about 1099s as a creative entrepreneur, including whether or not you need to issue one to your independent contractors.
Join me in this episode to get a head start on the upcoming tax season and to hear about the live workshop I’m hosting to help you get prepared when it comes to 1099s.
Also mentioned in today’s episode:
Penalties for not issuing 1099’s on time
Exceptions for issuing 1099’s
ACH transfers
Getting a 1099 and W9
What you can do today to prepare
If you enjoyed this episode, please rate, review and share it!
Links:
https://courses.sunlighttax.com/1099
What Small Business Bookkeeping is Actually For
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What Small Business Bookkeeping is Actually For
Bookkeeping and accounting are topics that can intimidate and confuse a lot of entrepreneurs so in today’s episode, I’m deep diving into what bookkeeping really is and why you need it as a business owner. I’m also sharing who actually needs a complicated bookkeeping system and who can stick to something simple.
Join me in this episode to get a quick lesson on bookkeeping and learn how you can stay ahead of the tax season as a creative entrepreneur.
LISTEN & SUBSCRIBE HERE
Bookkeeping and accounting are topics that can intimidate and confuse a lot of entrepreneurs so in today’s episode, I’m deep diving into what bookkeeping really is and why you need it as a business owner. I’m also sharing who actually needs a complicated bookkeeping system and who can stick to something simple.
Join me in this episode to get a quick lesson on bookkeeping and learn how you can stay ahead of the tax season as a creative entrepreneur.
Also mentioned in today’s episode:
Audited financials and what it means 3:24
Double-entry bookkeeping and why you probably don’t need complicated things 10:06
How to break out key categories in a tax return 17:19
Tracking things for your tax return that don’t get tracked in bookkeeping software 19:13
Why financial training is important 26:29
If you enjoyed this episode, please rate, review and share it!
Links:
https://www.sunlighttax.com/deductionsguide
Tax and Year-End Planning
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Tax and Year-End Planning
As year-end approaches, I’m sharing how you can create a financial end of year strategy for yourself as a creative entrepreneur and how you can plan for your taxes to maximize the amount of cash you make.
Join me in this value-packed episode to learn how to get a head start on your taxes now.
LISTEN & SUBSCRIBE HERE
As year-end approaches, I’m sharing how you can create a financial end of year strategy for yourself as a creative entrepreneur and how you can plan for your taxes to maximize the amount of cash you make.
Join me in this value-packed episode to learn how to get a head start on your taxes now.
Also mentioned in today’s episode:
How you can reduce your taxable income 7:08
Itemized deductions 9:14
What you need to do at year end 11:53
Why you should start planning for your taxes now 13:58
1099’s and how to get ready for them 18:41
How to prepare for taxes with W9’s 21:20
If you enjoyed this episode, please rate, review and share it!
Links:
Year-End Tax Planning Checklist: 2022 Edition
https://www.sunlighttax.com/deductionsguide
https://go.sunlighttax.com/free
Why Business Deductions Save More Than You Think: Self-Employment Tax: Money School
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Why Business Deductions Save More Than You Think: Self-Employment Tax: Money School
In today’s episode of the Money School Bonus Series, I’m explaining what self-employment tax is, why tax deductions are so important as a creative entrepreneur and how they save you more money than you may think.
Join me in this informative episode to learn the details about self-employment tax and how you can make sure you’re getting the most out of your deductions each year.
Listen & Subscribe Here
In today’s episode of the Money School Bonus Series, I’m explaining what self-employment tax is, why tax deductions are so important as a creative entrepreneur and how they save you more money than you may think.
Join me in this informative episode to learn the details about self-employment tax and how you can make sure you’re getting the most out of your deductions each year.
Also mentioned in today’s episode:
Understanding self-employment taxes 1:23
Tax brackets and what they actually mean 3:44
The average tax rate for self-employed people 6:16
Self-employment taxes explained 10:52
Why you need to be tracking all of your expenses 13:02
Getting the most out of your deductions 22:11
If you enjoyed this episode, please rate, review and share it!
Links:
Receipts & Bookkeeping Demystified: Money School bonus series
LISTEN AND SUBSCRIBE HERE
Receipts & Bookkeeping Demystified: Money School bonus series
Receipts. Your tax return. Bookkeeping. In this week’s episode and part of the Money School series, I’m sharing three different systems that you need for your business when it comes to managing taxes so you can get more organized and be less stressed. When you understand the difference between these three things, you will stop wasting time, and you will instantly feel more organized.
LISTEN AND SUBSCRIBE HERE
Receipts. Your tax return. Bookkeeping. In this week’s episode and part of the Money School series, I’m sharing three different systems that you need for your business when it comes to managing taxes so you can get more organized and be less stressed. When you understand the difference between these three things, you will stop wasting time, and you will instantly feel more organized.
I’m also explaining why you might be getting confused as a creative entrepreneur during tax time and how you can take control of your finances with some actionable steps and tools.
Also mentioned in today’s episode:
What are receipts and why are they so important 5:14
Third party verification 8:00
Why bookkeeping is so critical if you’re self-employed 12:35
The difference between bookkeeping and taxes 14:45
Building your own tax spreadsheet 23:00
Understanding the why behind your bookkeeping 25:20
If you enjoyed this episode, please rate, review and share it.
Links:
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