THE SUNLIGHT TAX BLOG:
Tax and Money Education for Creative People, Freelancers and Solopreneurs
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- Business Management 12
- Creative Specific 3
- Estimated Quarterly Taxes 5
- General Economy; Tax Policy and Legislation 36
- Get to know Hannah Cole 8
- Interviews and personal stories 23
- Personal Finance 17
- Personal and Career Development 15
- Practical and Tactical Tax 53
- Retirement and Future Success 26
- Sunlight Podcast 142
- Tax Deductions for Freelancers and Self-Employed 7
Avoid a Tax Bill: How to Start Estimated Quarterly Taxes
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In today’s episode, I’m talking about the importance of paying your quarterly taxes as a business owner and how you can start paying them now, even if you’ve missed them in the past. I’m also giving an update on the Beneficial Ownership Information Report and how you can get yours done.
Join me in this important episode to get all the tips you need to start paying your quarterly taxes so you can avoid getting any large tax bills.
Listen and Subscribe Here
In today’s episode, I’m talking about the importance of paying your quarterly taxes as a business owner and how you can start paying them now, even if you’ve missed them in the past. I’m also giving an update on the Beneficial Ownership Information Report and how you can get yours done.
Join me in this important episode to get all the tips you need to start paying your quarterly taxes so you can avoid getting any large tax bills.
Also mentioned in today’s episode:
Steps to file a BOI report 5:30
Calculating your estimated quarterly tax payments 10:39
Addressing income variations and future adjustments 12:15
If you enjoyed this episode, please rate, review and share it!
Links:
Free Class on Making Taxes Easier, On-Demand
Don't Forget These Deductions: Parking and Tolls
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Today, I’m chatting about another commonly missed tax deduction for self-employed individuals: parking and tolls. I’m diving into how tolls and parking should be tracked separately and added to the car expense category on tax schedules so you can get the deduction you deserve.
Join me in this episode to get some practical tips on how to easily track your parking and toll expenses for this upcoming tax season.
Listen and Subscribe Here
Today, I’m chatting about another commonly missed tax deduction for self-employed individuals: parking and tolls. I’m diving into how tolls and parking should be tracked separately and added to the car expense category on tax schedules so you can get the deduction you deserve.
Join me in this episode to get some practical tips on how to easily track your parking and toll expenses for this upcoming tax season.
Also mentioned in today’s episode:
Tracking parking and tolls separately from mileage 2:26
Methods for tracking car expenses 2:44
Practical tips for maximizing your deductions 4:30
If you enjoyed this episode, please rate, review and share it!
Links:
Sunlight episode on tracking mileage deduction
Save your seat for the free class, Make Taxes Easier and Stash an Extra $152k in Your Savings
Don't Forget These Deductions: Cell Phone and Internet
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Today, I’m chatting about a commonly missed tax deduction for entrepreneurs: cell phone and internet expenses. I’m going over why these deductions are missed and how you can utilize them to get the most out of your tax return this year.
Join me in this episode to learn how to calculate a reasonable business percentage for these mixed-use expenses so you can maximize your allowable deductions and keep more of your hard-earned money.
Listen and Subscribe Here
Today, I’m chatting about a commonly missed tax deduction for entrepreneurs: cell phone and internet expenses. I’m going over why these deductions are missed and how you can utilize them to get the most out of your tax return this year.
Join me in this episode to learn how to calculate a reasonable business percentage for these mixed-use expenses so you can maximize your allowable deductions and keep more of your hard-earned money.
Also mentioned in today’s episode:
Calculating business percentage for cell phone expenses 2:54
Internet usage and business deductions 5:50
Tracking and documenting your personal expenses 8:28
If you enjoyed this episode, please rate, review and share it!
Links:
Save your seat for the free class, Make Taxes Easier and Stash an Extra $152k in Your Savings
Check out my program, Money Bootcamp.
Home Office Expenses on Your Books vs. Taxes
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In today’s episode, I’m chatting about the common confusion around tax deductions for home offices or studios, including what you can and cannot deduct as an entrepreneur. I’m also explaining how discrepancies between bookkeeping and tax deductions for a home office are normal and expected.
Listen to this episode to get a better understanding of how to maximize your home office and studio deductions.
Listen and Subscribe Here
In today’s episode, I’m chatting about the common confusion around tax deductions for home offices or studios, including what you can and cannot deduct as an entrepreneur. I’m also explaining how discrepancies between bookkeeping and tax deductions for a home office are normal and expected.
Listen to this episode to get a better understanding of how to maximize your home office and studio deductions.
Also mentioned in today’s episode:
The criteria for home office deductions 2:35
How you can calculate your home office deductions 6:50
Direct expenses and quarterly tax payments 8:20
If you enjoyed this episode, please rate, review and share it!
Links:
Visual Guide to Tax Deductions
Check out my program, Money Bootcamp.
How to Fix an Incorrect 1099
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Today, I’m talking about the common problem of receiving an incorrect 1099 as an entrepreneur, including what you need to look for and how you can make the corrections to avoid any problems with filing your taxes.
Join me in this episode to get all of the details needed for correcting any 1099s that may have errors and what you can do to avoid any issues with filing.
Listen and Subscribe Here
Today, I’m talking about the common problem of receiving an incorrect 1099 as an entrepreneur, including what you need to look for and how you can make the corrections to avoid any problems with filing your taxes.
Join me in this episode to get all of the details needed for correcting any 1099s that may have errors and what you can do to avoid any issues with filing.
Also mentioned in today’s episode:
Steps to correcting a 1099 6:30
Handling discrepancies in 1099s 12:10
Reimbursed expenses and 1099 reporting 14:47
If you enjoyed this episode, please rate, review and share it!
Links:
Farnoosh Torabi's Book to Brand conference in NYC
Check out my program, Money Bootcamp.
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