THE SUNLIGHT TAX BLOG:
Tax and Money Education for Creative People, Freelancers and Solopreneurs
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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!
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Receipts & Bookkeeping Demystified: Money School bonus series
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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.
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Here's How to Cancel Your Student Debt: Money School Bonus episode
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Here's How to Cancel Your Student Debt: Money School Bonus episode
In this episode, I’m giving you all the details about how you can take advantage of President Biden’s Student Loan Forgiveness plan for your federal student loans, including how you can apply, what you need before applying and if you qualify. I also give a hot tip on getting your application processed faster.
Join me in this practical episode to learn all the details of this program and get an action plan for your federal student loan debt.
LISTEN & SUBSCRIBE HERE
In this episode, I’m giving you all the details about how you can take advantage of President Biden’s Student Loan Forgiveness plan for your federal student loans, including how you can apply, what you need before applying and if you qualify. I also give a hot tip on getting your application processed faster.
Join me in this practical episode to learn all the details of this program and get an action plan for your federal student loan debt!
Also mentioned in today’s episode:
What is the Federal Student Loan Relief and how does it work 1:56
Why you should apply now 5:22
Which loans qualify 7:15
How to access the system so you can apply and how long it takes to process 13:14
If you enjoyed this episode, please rate, review and share it.
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What Accountants Get Wrong About Creative People: Money School
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What Accountants Get Wrong About Creative People: Money School
If you’re a creative professional and entrepreneur, you’ve probably had a negative encounter with an accountant before where they didn’t take your business seriously.
In today's episode and the first segment of our Money School Series, I want to talk about what accountants typically get wrong about creative people and why you might feel judged or alienated when it comes to your financial statements. I’m also offering advice on how to break past your shame and get in control of your own money.
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If you’re a creative professional, you’ve probably had this experience: you sit down with an accountant and feel flooded with shame and insecurity as you see that they don’t take you or your business seriously.
In today's episode and the first segment of our Money School Series, I want to talk about what accountants get wrong about creative people and why you might feel judged or alienated when you meet with financial professionals. I’m also offering advice on how to break past your shame and get in control of your own money.
Also mentioned in today’s episode:
Why accountants and creative people are so different from one another 2:45
Balance sheets and why they’re important to creative entrepreneurs 7:14
What can happen when you present your profit and loss statement to the accountant 9:30
Gretchen Carder’s story about her accountant 13:56
Having the power to control your own money as a creative 19:44
Why you shouldn’t feel shame and why you’re not broken 22:13
If you enjoyed today’s episode, please rate, review and share it.
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Vision: Running for Office
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Vision: Running for Office
Today, I’m interviewing 2 candidates running for local office here in Western North Carolina. Jasmine Beach-Ferrara is a North Carolinian, Christian minister, founding director of the Campaign for Southern Equality (CSE), and mother of 3. Service and faith are the driving forces in her work, from teaching in prisons to founding an organization to advocate for LGBTQ equality across the Deep South. By showing up—especially in small towns—and telling the stories of families, Jasmine’s organization (CSE) helped win marriage equality in North Carolina and Mississippi. She is running to unseat Republican Madison Cawthorne for US Congress.
Maggie Ullman was Asheville’s first Sustainability Director. Her leadership has resulted in over $5 million of new grant dollars to communities in the American South who work with their local government to address climate change equitably. She is a candidate for Asheville City Council.
Together, both Maggie and Jasmine want to bring people together to incite change and protect what’s precious.
Today, I’m interviewing 2 candidates running for office here in Western North Carolina. Jasmine Beach-Ferrara is a North Carolinian, Christian minister, founding director of the Campaign for Southern Equality (CSE), and mother of 3. Service and faith are the driving forces in her work, from teaching in prisons to founding an organization to advocate for LGBTQ equality across the Deep South. By showing up—especially in small towns—and telling the stories of families, Jasmine’s organization (CSE) helped win marriage equality in North Carolina and Mississippi. She is running to unseat Republican Madison Cawthorne for US Congress.
Maggie Ullman was Asheville’s first Sustainability Director. Her leadership has resulted in over $5 million of new grant dollars to communities in the American South who work with their local government to address climate change equitably. She is a candidate for Asheville City Council.
Together, both Maggie and Jasmine want to bring people together to incite change and protect what’s precious.
In this episode, Maggie, Jasmine and I talk about why local elections are so important, how you can get involved, and how even the tax code is proof that representation matters.
Also mentioned in today’s episode:
Jasmine’s background and vision
Maggie’s background and vision
Why the tax code represents only the people who were in the room when it was passed
Why local elections matter and what city government does
County level politics and what it includes
How priorities translate from local to national politics
How you can get involved in your local area to get candidates you care about elected
If you enjoyed this episode, please rate, review and share it!
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Connect with Jasmine and Maggie:
Jasmine’s website: https://www.jasmineforcongress.com/
Maggie’s website: https://www.maggie4avl.com/
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