THE SUNLIGHT TAX BLOG:

Tax and Money Education for Creative People, Freelancers and Solopreneurs

New Rules for LLCs: How The Corporate Transparency Act Affects You

LISTEN AND SUBSCRIBE HERE
New Rules for LLCs: How The Corporate Transparency Act Affects You

In today's episode, I want to talk about a new law that goes into effect in January of 2024 and affects small business owners with an LLC: The Corporate Transparency Act.

 Join me in this important episode to learn more about this law, why it’s actually a good thing and how you can comply to avoid fines. 

LISTEN AND SUBSCRIBE HERE

In today's episode, I want to talk about a new law that goes into effect in January of 2024 and affects small business owners with an LLC: The Corporate Transparency Act.

 Join me in this important episode to learn more about this law, why it’s actually a good thing and how you can comply to avoid fines. 

Also mentioned in today’s episode: 

  • What is the Corporate Transparency Act and why is it a good thing? 2:25 

  • Who needs to comply with this law 5:09

  • New York State and their own version of this law 9:22

  • When to file and how it effects new LLC’s 13:02

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

 

Links: 

https://www.sunlighttax.com/openhouse

Watch Youtube video version

Read More

Understand Your Tax Rate

LISTEN AND SUBSCRIBE HERE
Understand Your Tax Rate

Has calculating your income tax rate in the past been overwhelming?

Today, I’m going into detail about income tax rates and helping you understand what the income tax rates are so you can be prepared when it comes time to file your quarterly taxes as a creative entrepreneur. 

Join me in this episode to hear some tips on estimating your income tax rate and how you can avoid errors when calculating your income tax. 

LISTEN AND SUBSCRIBE HERE

Has calculating your income tax rate in the past been overwhelming?

 

Today, I’m going into detail about income tax rates and helping you understand what the income tax rates are so you can be prepared when it comes time to file your quarterly taxes as a creative entrepreneur. 

 

Join me in this episode to hear some tips on estimating your income tax rate and how you can avoid errors when calculating your income tax. 

 

Also mentioned in today’s episode: 

 

  • Why calculating income tax rates is so complex 3:50

  • The graduated income tax system 7:15

  • Marginal vs average tax rates 14:30

  • The importance of using an online tax calculator 18:50

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

 

Links:

https://www.sunlighttax.com/openhouse
Watch Youtube video version

Read More

FU Money for the People

LISTEN AND SUBSCRIBE HERE
FU Money for the People

On today’s episode, I’m talking about an important topic that I’m very passionate about: saving for retirement. I’m sharing why it’s so important to make sure you contribute to your retirement, how it can help you become a millionaire and some important facts you should know. 

Join me to learn about saving for your retirement and some of the benefits you can get by starting today. 

LISTEN AND SUBSCRIBE HERE

On today’s episode, I’m talking about an important topic that I’m very passionate about: saving for retirement. I’m sharing why it’s so important to make sure you contribute to your retirement, how it can help you become a millionaire and some important facts you should know. 

 

Join me to learn about saving for your retirement and some of the benefits you can get by starting today. 

 

Also mentioned in today’s episode: 

 

  • Why it’s so important to save for retirement 5:09

  • Updated contribution thresholds 7:00

  • Some of the benefits of tax advantaged retirement accounts 7:30

  • Why credits are so much more powerful than deductions 15:00

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

 

Links: 

My Gusto affiliate link for $100 off my favorite payroll software

Free class to see the tax-shelter math

Watch Youtube video version

Read More

Donating Your Work isn't a Charitable Deduction

LISTEN AND SUBSCRIBE HERE
Donating Your Work isn't a Charitable Deduction

As we approach the upcoming holiday season, I wanted to chat about an important topic that comes up often: donating your artwork to a charitable organization and what that means for your taxes. 

Join me today in this important episode as I explain what donating your artwork to charity means during tax time and why nonprofits need to be aware of the tax implications of charitable donations for artists. I also give you some tips on how you can still be charitable without feeling exploited. 

LISTEN AND SUBSCRIBE HERE

As we approach the upcoming holiday season, I wanted to chat about an important topic that comes up often: donating your artwork to a charitable organization and what that means for your taxes. 

 

Join me today in this important episode as I explain what donating your artwork to charity means during tax time and why nonprofits need to be aware of the tax implications of charitable donations for artists. I also give you some tips on how you can still be charitable without feeling exploited. 

 

Also mentioned in today’s episode: 

 

  • Donating your work to charity and the tax implications 1:38

  • Deducting materials on your taxes 5:32

  • How you can donate to charity without feeling exploited as an artist 6:58

  • Why nonprofits need to be more transparent and ethical when asking for donations from artists 10:31

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

 

Links:

 El Anatsui: https://elanatsui.art/

Watch Youtube Video Version

Read More

Set Up Your Calendar for Tax Success

LISTEN AND SUBSCRIBE HERE
Set Up Your Calendar for Tax Success

Today, I’m sharing with you how you can set up your calendar for success as an entrepreneur so you never miss any tax deadlines and why it’s so important to have all of the important tax dates outlined. 

Join me in this episode to find out how you can grab my calendar filled with important tax dates so you can stay prepared for tax season!

LISTEN AND SUBSCRIBE HERE

Today, I’m sharing with you how you can set up your calendar for success as an entrepreneur so you never miss any tax deadlines and why it’s so important to have all of the important tax dates outlined. 

 

Join me in this episode to find out how you can grab my calendar filled with important tax dates so you can stay prepared for tax season!

 

Also mentioned in today’s episode: 

 

  • The importance of tax deadlines 13:56

  • Some of the most important deadlines you need to know 19:00

  • How you can get my free tax nudge calendar 22:02


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

 

Links: 

Register for the free class “Make Taxes Easier and Stash an Extra $130k in Your Savings” https://go.sunlighttax.com/free

Watch Youtube Video Version

Read More

What are your money concerns?
Suggest a blog topic for Hannah here.