THE SUNLIGHT TAX BLOG:

Tax and Money Education for Creative People, Freelancers and Solopreneurs

What Counts As Taxable Income?

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What Counts As Taxable Income?

It’s easy to get confused when it comes to figuring out what you need to report as income on your tax return. 

Today, I’m going over some of the most common ways to receive money as an entrepreneur and talking about what actually counts as income in your business so you can be prepared for your taxes. 

Join me in this episode to learn more about determining your total income and how you can make sure you report it correctly to the IRS.

LISTEN & SUBSCRIBE HERE

It’s easy to get confused when it comes to figuring out what you need to report as income on your tax return. 

Today, I’m going over some of the most common ways to receive money as an entrepreneur and talking about what actually counts as income in your business so you can be prepared for your taxes. 

Join me in this episode to learn more about determining your total income and how you can make sure you report it correctly to the IRS.

Also mentioned in today’s episode: 

  • How to know when something is income and when it’s not 9:54

  • What is the function of the people you serve? 12:16

  • Should you itemize your tax return? 13:55

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

Links:

Sign up for Money Bootcamp:

https://www.sunlighttax.com/moneybootcamp2023

 Get your FREE Deductions Guide

Watch YOUTUBE Episode

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3 Tips for Easier Taxes

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3 Tips for Easier Taxes

Today, I’m sharing my 3 quick and easy tips to make taxes easier for you as an entrepreneur.  

Join me in this episode to learn how you can eliminate stress around filing your taxes and make sure you get the most out of your income. 

LISTEN & SUBSCRIBE HERE

Today, I’m sharing my 3 quick and easy tips to make taxes easier for you as an entrepreneur.  

Join me in this episode to learn how you can eliminate stress around filing your taxes and make sure you get the most out of your income. 

Also mentioned in today’s episode: 

  • Where you need to focus your energy and attention on 5:35

  • Customizing your bookkeeping 10:45

  • Working with softwares and what you need to know 13:27

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

Links:

Sign up for Money Bootcamp:

https://www.sunlighttax.com/moneybootcamp2023

Watch YOUTUBE Episode

Read More

Is it Ok to Get a Tax Extension?

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Is it Ok to Get a Tax Extension?

Do you need a tax extension and you’re freaking out about it? 

Today, I’m sharing the details about tax extensions for entrepreneurs and what you need to know about filing for an extension before the April tax deadline. I’m also explaining why tax extensions aren’t as bad as you might have thought.  

Join me in this episode to learn some of the top reasons you might need a tax extension and how you can file for one. 

LISTEN & SUBSCRIBE HERE

Do you need a tax extension and you’re freaking out about it? 

Today, I’m sharing the details about tax extensions for entrepreneurs and what you need to know about filing for an extension before the April tax deadline. I’m also explaining why tax extensions aren’t as bad as you might have thought.  

Join me in this episode to learn some of the top reasons you might need a tax extension and how you can file for one. 

Also mentioned in today’s episode: 

  • The difference between filing and paying 2:33

  • Reasons for getting a tax extension 6:38

  • What you need to be aware of when it comes to tax extensions and the tax deadline 11:58

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

Links:

Understand Your Taxes and Make Money, register here: https://go.sunlighttax.com/register

 Get your FREE Deductions Guide

Watch YOUTUBE Episode

Read More

Aggressive Means "High Growth"

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Aggressive Means "High Growth"

Today, I’m sharing more about the word “aggressive” and what it means when you’re setting up investments as an entrepreneur.  I’m explaining why and when you might want to focus on more high growth strategies for your investments.  

Join me in this episode to learn why you might be intimidated by the word “aggressive” and how you can push past that to get the most out of your investment preferences.  

LISTEN & SUBSCRIBE HERE

Today, I’m sharing more about the word “aggressive” and what it means when you’re setting up investments as an entrepreneur.  I’m explaining why and when you might want to focus on more high growth strategies for your investments.  

Join me in this episode to learn why you might be intimidated by the word “aggressive” and how you can push past that to get the most out of your investment preferences.  

Also mentioned in today’s episode: 

  • What does the word aggressive mean when it comes to investing? 4:25

  • Setting investment preferences 6:06

  • How what you were taught as a child can have an impact on your investing now 10:23 

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

Links:

 Get your FREE Deductions Guide

Watch YOUTUBE Episode

Read More

How to Stash More FU Money: The SECURE 2.0 Act Expands Your Retirement-Funding Options

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How to Stash More FU Money: The SECURE 2.0 Act Expands Your Retirement-Funding Options

Today, I’m sharing with you some information about the recently passed Secure 2.0 Act and how it can help you stash more FU money and expand your retirement funding. 

Listen to this episode to hear all of the details about the Secure 2.0 Act, how you can take advantage of it with your retirement plan and why it’s so helpful for every tax payer. 

LISTEN & SUBSCRIBE HERE

Today, I’m sharing with you some information about the recently passed Secure 2.0 Act and how it can help you stash more FU money and expand your retirement funding. 

Listen to this episode to hear all of the details about the Secure 2.0 Act, how you can take advantage of it with your retirement plan and why it’s so helpful for every tax payer. 

Also mentioned in today’s episode: 

  • What is the Secure 2.0 Act? 8:28

  • How the Secure 2.0 Act helps with retirement funding 12:15

  • How you can take advantage of this act with your retirement 18:45

 

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

Links:


https://www.sunlighttax.com/moneybootcamp2023

Watch Youtube version

I use a service (Guideline) that plugs into my payroll software (Gusto - this is my referral link, and it will save you $100. I *highly* recommend Gusto for running payroll and paying contractors/complying with 1099s/W2s). Guideline is so affordable and streamlined that even as a small employer, I have no trouble maintaining my 401k.  

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