THE SUNLIGHT TAX BLOG:

Tax and Money Education for Creative People, Freelancers and Solopreneurs

1099s: Your Top Questions

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1099s: Your Top Questions

This week, I’m giving you a quick and practical episode answering some of the common questions I’ve received about 1099s so I can clarify any confusion before this upcoming tax season.  

Join me in this episode to get important details and information about 1099s including what you should do if you don’t receive one from someone who’s paid you.

LISTEN & SUBSCRIBE HERE

This week, I’m giving you a quick and practical episode answering some of the common questions I’ve received about 1099s so I can clarify any confusion before this upcoming tax season.  

Join me in this episode to get important details and information about 1099s including what you should do if you don’t receive one from someone who’s paid you.

Also mentioned in today’s episode: 

  • Do you need to report your income when it’s under $600? 3:10

  • Correcting incorrect 1099’s 5:42

  • What to do if someone refuses to give you a 1099 8:35

  • Penalties for not reporting all of your income 18:33

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

 

Links:

All About 1099s Workshop

Watch YOUTUBE Episode

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Tips to Set Up for Easy Taxes

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Tips to Set Up for Easy Taxes

Preparing for tax season can be overwhelming especially if you’re a business owner. 

In this week’s episode, I’m sharing some of the easy tips I have for you as a creative entrepreneur preparing for tax season.  

 Join me in this informative episode to learn the action tips you need to take today to make your tax season seamless and stress-free. 

LISTEN & SUBSCRIBE HERE

Preparing for tax season can be overwhelming especially if you’re a business owner. 

In this week’s episode, I’m sharing some of the easy tips I have for you as a creative entrepreneur preparing for tax season.  

Join me in this informative episode to learn the action tips you need to take today to make your tax season seamless and stress-free. 

Also mentioned in today’s episode: 

  • How to start tracking your mileage 3:00

  • How to set up a plan for your tax documents 6:47

  • Organizing your receipts 9:11

  • The importance of bookkeeping 10:35

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

Links:

You can get a 20% discount on MileIQ using this code: HCOL124A
Episode #4: Mileage The Best Tax Deduction You’re Missing

Episode #27: How to Issue 1099s

https://www.sunlighttax.com/deductionsguide

Watch YOUTUBE Episode

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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

https://www.sunlighttax.com/deductionsguide

Watch YOUTUBE Episode

Read More

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

https://go.sunlighttax.com/free

Subscribe to our Youtube Channel

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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


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