THE SUNLIGHT TAX BLOG:

Tax and Money Education for Creative People, Freelancers and Solopreneurs

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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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

https://go.sunlighttax.com/free

Subscribe to the Sunlight Youtube Channel

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Taylor Smalls: Taking the Leap from Architecture to Full Time Art

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Taylor Smalls: Taking the Leap from Architecture to Full Time Art

Taylor Smalls is a contemporary painter who runs her own studio practice based in California.  

In today’s episode, Taylor joins me to chat about how she made the shift from working in architecture to being a full-time artist and what she’s learned along the way with pricing and business structure. 

Join us in this episode as we share valuable tips on making the leap from corporate to creative entrepreneur and how you can learn to communicate the value of your art when selling. 

LISTEN & SUBSCRIBE HERE

Taylor Smalls is a contemporary painter who runs her own studio practice based in California.  

In today’s episode, Taylor joins me to chat about how she made the shift from working in architecture to being a full-time artist and what she’s learned along the way with pricing and business structure. 

Join us in this episode as we share valuable tips on making the leap from corporate to creative entrepreneur and how you can learn to communicate the value of your art when selling. 

Also mentioned in today’s episode: 

  • What Taylor got a handle on before she took the leap to full-time artist 3:25

  • Why getting rid of debt was a motivator 15:15

  • Pricing as an energetic exchange 20:31

  • Taylor's approach to pricing in the tech space 23:35

  • Talking about money in the art world 25:02

  • How the art world can be intimidating to the buyer 27:36

  • Communicating the value of your art 33:35

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

Links:

IG: @Taylor.Smalls

http://www.taylorsmalls.com/

Steal Like an Artist 

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Business Management, Sunlight Podcast Hannah Cole Business Management, Sunlight Podcast Hannah Cole

Phrases to use for Boundaries & Pricing with your Clients

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Today I’m talking about a subject that can trigger people and bring up a lot of emotions: pricing. 

In this follow up to episode 20, where I spoke about my personal pricing journey, I’m sharing the pricing phrases and boundaries that have helped me as a creative entrepreneur.  I’m also giving you some actual wording that I have used in past business interactions that you can use as a template for yourself when you are talking with clients. 

Today I’m talking about a subject that can trigger people and bring up a lot of emotions: pricing. 

In this follow up to episode 20, where I spoke about my personal pricing journey, I’m sharing the pricing phrases and boundaries that have helped me as a creative entrepreneur.  I’m also giving you some actual wording that I have used in past business interactions that you can use as a template for yourself when you are talking with clients. 

Also mentioned in today’s episode: 

  • The backstory of how I learned to set boundaries and how I learned pricing phrases 3:20

  • The importance of speaking in a professional language 7:46

  • Negotiating to come to an agreement 10:07

  • The phrases that have helped me in my work 16:57

  • Responding to people who ask for a discount and scope creep 22:50

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

Links:
Year-End Tax Planning Checklist: 2022 Edition

https://www.sunlighttax.com/deductionsguide

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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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