THE SUNLIGHT TAX BLOG:

Tax and Money Education for Creative People, Freelancers and Solopreneurs

1099s Deep Dive: Listener Questions

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1099s Deep Dive: Listener Questions

Today,  I’m going over some listener questions about 1099 tax forms and clarifying some issues that might arise for you as an artist or creative entrepreneur. I’m also giving you some advice on what to do if you get an incorrect 1099 form after filing taxes.  

Join me in this episode to get a head start on your 1099 filings and to learn all the important details of filing correctly so you can avoid any penalties. 

LISTEN AND SUBSCRIBE HERE

Today,  I’m going over some listener questions about 1099 tax forms and clarifying some issues that might arise for you as an artist or creative entrepreneur. I’m also giving you some advice on what to do if you get an incorrect 1099 form after filing taxes. 

 

Join me in this episode to get a head start on your 1099 filings and to learn all the important details of filing correctly so you can avoid any penalties. 

 

Also mentioned in today’s episode: 

  • 1099 reporting regulations for freelancers 2:20

  • Tips for artists to issue 1099 form 6:55

  • Common 1099 mistakes 8:50

  • How to handle an unexpected 1099 14:18

  • The penalties associated with not filing 1099s 19:50

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

Links:

Short course on issuing 1099s

Sunlight episode on 1099s

https://www.sunlighttax.com/moneybootcampimpact

Watch Youtube video version

Read More

What Are Receipts Actually For?

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What Are Receipts Actually For?

In today's episode, I’m explaining and going into detail about receipts and bookkeeping for self-employed creatives, including why keeping receipts is important and how you can keep yourself organized for tax season. 

Listen to this important episode to learn more about when you need to keep receipts, where you can keep your receipts so you have them ready if needed and some of the common deductions you can take. 

LISTEN AND SUBSCRIBE HERE

In today's episode, I’m explaining and going into detail about receipts and bookkeeping for self-employed creatives, including why keeping receipts is important and how you can keep yourself organized for tax season. 

 

Listen to this important episode to learn more about when you need to keep receipts, where you can keep your receipts so you have them ready if needed and some of the common deductions you can take. 

 

Also mentioned in today’s episode:  

  • Should you be sorting your receipts? 9:30

  • Should you worry about being audited? 13:45

  • How you can organize your receipts to make it easier 20:20

  • Why you need to separate your business and personal finances 22:05

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

 

Episodes mentioned:  

Respect Your Work, Then Get Organized

 

Links:

https://www.sunlighttax.com/podcastguide

https://www.sunlighttax.com/openhouse 

https://www.sunlighttax.com/moneybootcampimpact

Watch Youtube video version here

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Issuing 1099s

LISTEN AND SUBSCRIBE HERE
Issuing 1099s

Today, I’m chatting about the importance of filing 1099 forms if you’re self-employed. I’m explaining who needs to file a 1099, how to file the form correctly and the deadline you need to file by to make sure you avoid any penalties. 

Join me in this important and timely episode to learn about filing your 1099, whether you fit into an exception and how you can track your payments for easier filing. 

LISTEN AND SUBSCRIBE HERE

Today, I’m chatting about the importance of filing 1099 forms if you’re self-employed. I’m explaining who needs to file a 1099, how to file the form correctly and the deadline you need to file by to make sure you avoid any penalties.

 

Join me in this important and timely episode to learn about filing your 1099, whether you fit into an exception and how you can track your payments for easier filing. 

 

Also mentioned in today’s episode: 

  • Why issuing 1099s is so important and the penalties associated with skipping it 3:07

  • When you don’t need to issue a 1099 8:57

  • Using a third-party payment processor 12:25

  • Practical tips for obtaining a w9 form 18:57

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

Links:

https://www.sunlighttax.com/moneybootcampimpact

Watch Youtube video version

Read More

Respect Your Work, Then Get Organized

LISTEN AND SUBSCRIBE HERE
Respect Your Work, Then Get Organized

Today, I want to talk about the importance of believing in your work and why it’s so important for creative professionals to know the value of their work in this world. I’m sharing with you some personal examples of how artwork can have a profound impact on others. 

Join me in this episode, to learn more about how you can start taking your creative career more seriously and why you need to start treating it like a job other than a hobby. 

LISTEN AND SUBSCRIBE HERE

Today, I want to talk about the importance of believing in your work and why it’s so important for creative professionals to know the value of their work in this world. I’m sharing with you some personal examples of how artwork can have a profound impact on others. 

Join me in this episode, to learn more about how you can start taking your creative career more seriously and why you need to start treating it like a job other than a hobby. 

Also mentioned in today’s episode: 

  • The value of creative work 6:15

  • Reflect on your values and priorities 10:30

  • Taking your bookkeeping and your business more seriously 14:32

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

 

Episodes Mentioned:

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

 

Links:

Matt Phillips https://www.instagram.com/themattphillips?igsh=NmU4eGljNjd1M2po

Luster hustler ceramics for self love

https://www.instagram.com/luster_hustler?igsh=dXBlcGtrZXc1N3Rx 

Watch Youtube video version

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The De-Stress Your Taxes Checklist

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The De-Stress Your Taxes Checklist

This week on the podcast, I’m giving you a checklist so you can get organized for this upcoming tax season once January comes and sharing some of my biggest tips for tax organization and planning. 

Join me today to learn the action steps you can take to get a head start on your taxes and finances at the start of the year instead of waiting until the last minute. 

LISTEN AND SUBSCRIBE HERE

This week on the podcast, I’m giving you a checklist so you can get organized for this upcoming tax season once January comes and sharing some of my biggest tips for tax organization and planning. 

 

Join me today to learn the action steps you can take to get a head start on your taxes and finances at the start of the year instead of waiting until the last minute. 

 

Also mentioned in today’s episode: 

 

  • Business mileage 2:54

  • Should you have a physical or digital folder of your tax records 5:42

  • Why you need a separate business bank account 10:08

  • Do you need to keep your receipts? 12:05

 

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

 

Links:

FREE LIVE CLASS

Make Taxes Easier and Stash an Extra $130k in Your Savings:

https://go.sunlighttax.com/free

Watch Youtube video version

Read More

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