THE SUNLIGHT TAX BLOG:

Tax and Money Education for Creative People, Freelancers and Solopreneurs

Insider Deduction Tips

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Insider Deduction Tips

Today, I’m giving you some insight into deductions and details on categories when it comes to your schedule C deductions. I talk about key categories for deductions like advertising and supplies and why it’s so important to keep proper documentation when it comes to deductions on your taxes. 

Join me this week, to get some strategic guidance on maximizing your deductions and avoiding audits by putting expenses in their appropriate categories.

LISTEN AND SUBSCRIBE HERE

Today, I’m giving you some insight into deductions and details on categories when it comes to your schedule C deductions. I talk about key categories for deductions like advertising and supplies and why it’s so important to keep proper documentation when it comes to deductions on your taxes. 

 

Join me this week, to get some strategic guidance on maximizing your deductions and avoiding audits by putting expenses in their appropriate categories.

 

Also mentioned in today’s episode: 

  • Advertising and why website hosting fee’s go there 3:00

  •  2 common categories where tax preparers may dump expenses without proper documentation 5:20

  • How to avoid an audit when it comes to listing your deductions 12:40

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

Links:

sunlighttax.com/deductions

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How to Deduct Fees, Bandmate Payouts and Gallery Commissions

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How to Deduct Fees, Bandmate Payouts and Gallery Commissions

Today, I’m talking about deducting education expenses and explaining how fees and reimbursement works when it comes to reporting your income on your taxes. 

Listen to this episode to get some insight on tax implications and how you can properly track income to meet the reporting requirements.

LISTEN AND SUBSCRIBE HERE

Today, I’m talking about deducting education expenses and explaining how fees and reimbursement works when it comes to reporting your income on your taxes. 

 

Listen to this episode to get some insight on tax implications and how you can properly track income to meet the reporting requirements.

 

Also mentioned in today’s episode:  

  • Reporting gallery commissions on your taxes 12:54

  • How income and taxes work for musicians being paid out for performances 14:54

  • When you need a 1099 issued 17:00

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

Links:

Get your free Deductions Guide: https://www.sunlighttax.com/deductionsguide

https://www.sunlighttax.com/moneybootcampimpact

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Tips to Make Your Taxes Better Right Now

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Tips to Make Your Taxes Better Right Now

In this week’s episode, I’m giving you some of my best tips when it comes to tax preparation and financial planning if you’re self-employed or a small business owner. I’m giving advice on completing bookkeeping, issuing 1099 forms, and why you need to schedule an early tax appointment with accountants. 

Join me in this informative episode as I try to make your taxes as easy as possible so you can reduce stress and manage your money better.

LISTEN AND SUBSCRIBE HERE

In this week’s episode, I’m giving you some of my best tips when it comes to tax preparation and financial planning if you’re self-employed or a small business owner. I’m giving advice on completing bookkeeping, issuing 1099 forms, and why you need to schedule an early tax appointment with accountants.

 

Join me in this informative episode as I try to make your taxes as easy as possible so you can reduce stress and manage your money better.

 

Also mentioned in today’s episode: 

  • Why you should associate bookkeeping with self-care activities 5:53

  • When you should book your appointment with a tax advisor and why it helps if it’s earlier 10:33

  • What is the triple deadline of April 15th? 17:52

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

Links:

De-stress your taxes checklist: https://pod.link/1640538610/episode/829669c4f27589e3572ba3c2c497f24b

Issuing 1099s:

https://pod.link/1640538610/episode/5e3fdee788bf841e0aaeb5b3734e395b

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Can a Massage Therapist Deduct Massages? Education Expenses Explained

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Can a Massage Therapist Deduct Massages? Education Expenses Explained

Have you ever wondered what you can deduct when it comes to business expenses? 

Today, I’m deep diving into education expenses and what you can and cannot deduct on your taxes as a business owner. I’m clarifying what you can deduct for continuing education, like seminars on new techniques, and what counts as leisure. 

Listen to this important episode to learn how you can maximize your deductions when you file your taxes this year. 

LISTEN AND SUBSCRIBE HERE

Have you ever wondered what you can deduct when it comes to business expenses?

 

Today, I’m deep diving into education expenses and what you can and cannot deduct on your taxes as a business owner. I’m clarifying what you can deduct for continuing education, like seminars on new techniques, and what counts as leisure. 

 

Listen to this important episode to learn how you can maximize your deductions when you file your taxes this year. 

Also mentioned in today’s episode:  

  • Clarifying the deductibility of massages for wellness practitioners 2:34

  • Personal expenses and business deductions- the difference and how much you can really deduct 4:57

  • What expenses you CAN deduct 5:54

  • Should you deduct research expenses? 9:37

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

Links:

WELLNESS PRACTITIONERS’ TAX DEDUCTIONS GUIDE

https://www.sunlighttax.com/wellnessguide

Free class: Make Taxes Easier and Stash an Extra $130k in Your Savings: https://go.sunlighttax.com/free

Watch Youtube video version

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Discomfort Means You're Growing: Estimates and Investments

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Discomfort Means You're Growing: Estimates and Investments

This week, I’m talking about embracing discomfort for your personal growth and financial success and how seeking out discomfort can help drive learning and achievement. 

Join me as I share some of my own experiences of overcoming discomfort and how you can learn to view mistakes as learning opportunities instead of signs of failure.

LISTEN AND SUBSCRIBE HERE

This week, I’m talking about embracing discomfort for your personal growth and financial success and how seeking out discomfort can help drive learning and achievement. 

 

Join me as I share some of my own experiences of overcoming discomfort and how you can learn to view mistakes as learning opportunities instead of signs of failure.

 

Also mentioned in today’s episode: 

  • Why you should seek out discomfort 2:47

  • Aiming for improvement rather than perfection 8:47

  • The power of compound interest and why you need to be investing 20:58

  • How to really embrace discomfort when it comes to money and investing 30:40

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

Links:

 

Understand Your Tax Rate: https://pod.link/1640538610/episode/378b7d09b9680294b1301a5515bb5303

Free class: Make Taxes Easier and Stash an Extra $130k in Your Savings: https://go.sunlighttax.com/free

 

Hidden Potential: The Science of Achieving Greater Things

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