THE SUNLIGHT TAX BLOG:

Tax and Money Education for Creative People, Freelancers and Solopreneurs

Tax Credits and Law Changes Not to Miss

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Tax Credits and Law Changes Not to Miss

This week, I’m sharing a year-end review of past episodes from 2023 that covered new tax laws and legislation so you can be prepared when it comes to your business finances as we approach the tax season and year end.  

Join me in this episode to get a recap of any new laws or tax credits that could impact you and your finances in 2024.  

LISTEN AND SUBSCRIBE HERE

This week, I’m sharing a year-end review of past episodes from 2023 that covered new tax laws and legislation so you can be prepared when it comes to your business finances as we approach the tax season and year end.  

 

Join me in this episode to get a recap of any new laws or tax credits that could impact you and your finances in 2024.  

 

Also mentioned in today’s episode: 

  • The Corporate Transparency Act 2:22 

  • An update on contribution limits for tax advantaged accounts 4:26

  • Secure 2.0 Act 5:06

  • Tax laws and charitable donations 6:55

  • Medical expense deductions 10:36

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

 

Links:

 

Episodes Mentioned:

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Lower Your Taxes at Year-End, Prevent a Cash Crunch

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Lower Your Taxes at Year-End, Prevent a Cash Crunch

As we approach the end of 2023, I want to talk about end of year tax planning and some strategies on how to avoid a cash crunch in April when your tax bills are due. I’m giving you some budgeting and accounting tips that can potentially lower your taxable income. 

 Join me in this episode to get some valuable insight on staying ahead of your taxes so you can avoid a big bill when the tax deadline comes. 

LISTEN AND SUBSCRIBE HERE

As we approach the end of 2023, I want to talk about end of year tax planning and some strategies on how to avoid a cash crunch in April when your tax bills are due. I’m giving you some budgeting and accounting tips that can potentially lower your taxable income. 

 

Join me in this episode to get some valuable insight on staying ahead of your taxes so you can avoid a big bill when the tax deadline comes. 

 

Also mentioned in today’s episode: 

 

  • Accelerating purchases and decelerating income before year end to minimize your taxes 3:40

  • Strategic spending before the year ends 5:20

  • Why quarterly taxes as an entrepreneur are so important 9:50


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

 

Links:

Free Class: https://go.sunlighttax.com/register 
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New Rules for LLCs: How The Corporate Transparency Act Affects You

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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

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Understand Your Tax Rate

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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

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FU Money for the People

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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

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