THE SUNLIGHT TAX BLOG:

Tax and Money Education for Creative People, Freelancers and Solopreneurs

Stress Stopper: Plan For Your 1099s

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Today, I’m talking about the importance of preparing for tax season specifically when it comes to issuing 1099 forms, including when you need to issue one and the deadline. 

Join me in this episode to learn how and when you need to obtain your W9 forms and issuing your 1099’s from your contractors. 

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Today, I’m talking about the importance of preparing for tax season specifically when it comes to issuing 1099 forms, including when you need to issue one and the deadline. 

 

Join me in this episode to learn how and when you need to obtain your W9 forms and issuing your 1099’s from your contractors. 

 

Also mentioned in today’s episode: 

  • 1099 requirements 4:10

  • Compiling contractor payments 4:43

  • Gathering W9 forms 6:50

  • Preparing for 1099 issuance 9:53

 

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

Links:

FREE LIVE CLASS: Make Taxes Easier and Stash an Extra $152k in Your Savings 

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Sunlight Podcast Hannah Cole Sunlight Podcast Hannah Cole

Stress Stopper: Plan For The 4/15 Double Deadline

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In today’s episode, I’m talking about the importance of understanding the April 15 tax deadline, which serves as a triple deadline for self-employed individuals and giving you some tips on how you can be prepared. 

Join me in this episode to learn how you can avoid financial stress and plan ahead to have the necessary funds for the April 15th deadline.

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In today’s episode, I’m talking about the importance of understanding the April 15 tax deadline, which serves as a triple deadline for self-employed individuals and giving you some tips on how you can be prepared. 

 

Join me in this episode to learn how you can avoid financial stress and plan ahead to have the necessary funds for the April 15th deadline.

 

Also mentioned in today’s episode: 

  • The triple deadline of April 15 2:05

  • The importance of funding your IRA 5:15

  • Budgeting for tax payments and IRA funding 7:55

  • Practical tips for tax planning 15:18

 

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

Links:

A good online income tax calculator

Episode 30: Estimated Quarterly Taxes: Breaking it Down

Episode 31: Estimated Quarterly Taxes: How to Calculate Your Payments

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Sunlight Podcast, Personal Finance Hannah Cole Sunlight Podcast, Personal Finance Hannah Cole

Year End Savings: Charitable Deductions

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Today, I’m continuing my series about year-end tax saving tips and talking about charitable contributions and their tax implications for self-employed individuals including strategies for maximizing your charitable contributions. 

Listen to this episode to get all the information you need to maximize your charitable donations and to learn the tax limitations of donating your creative work.  

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Today, I’m continuing my series about year-end tax saving tips and talking about charitable contributions and their tax implications for self-employed individuals including strategies for maximizing your charitable contributions. 

 

Listen to this episode to get all the information you need to maximize your charitable donations and to learn the tax limitations of donating your creative work.  

 

Also mentioned in today’s episode: 

  • Itemized deductions vs. standard deductions 2:30

  • Strategies for maximizing your charitable contributions 12:44

  • Donating creative work and tax implications 15:03

 

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


Links:

Qualified tax exempt organization search

Mutual Aid: All the Tax Info You Need

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Year-End Savings: Business Expenses

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Today, I’m continuing my series about year-end tax saving tips and giving you some strategies on how you can maximize your tax deductions as an entrepreneur using business expenses. 

Join me in this informative episode to learn how you can prioritize your bookkeeping and accelerate your expenses to make sure you get the most out of your tax deductions this upcoming year. 

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Today, I’m continuing my series about year-end tax saving tips and giving you some strategies on how you can maximize your tax deductions as an entrepreneur using business expenses. 

 

Join me in this informative episode to learn how you can prioritize your bookkeeping and accelerate your expenses to make sure you get the most out of your tax deductions this upcoming year. 

 

Also mentioned in today’s episode: 

  • The importance of bookkeeping 2:25

  • Expense acceleration tips 14:14

  • Year end spending recommendations 21:46

 

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

Links:

Free mini-course on the new LLC report

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Year-End Savings: IRA vs 401k: Fund the 401k First

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Today, I’m continuing my series about year-end tax tips and discussing why it’s so important to contribute to tax-advantaged retirement accounts. I’m diving into the differences between 401k’s, traditional and Roth IRAs, as well as the SEP IRA option for self-employed individuals.

Join me in this important episode to learn how you can maximize your tax savings and retirement contributions.

Listen and Subscribe Here

Today, I’m continuing my series about year-end tax tips and discussing why it’s so important to contribute to tax-advantaged retirement accounts. I’m diving into the differences between 401k’s, traditional and Roth IRAs, as well as the SEP IRA option for self-employed individuals.

 

Join me in this important episode to learn how you can maximize your tax savings and retirement contributions.

 

Also mentioned in today’s episode: 

  • 401k and 403b accounts 4:43

  • IRA contribution limits and tax benefits 7:13

  • Deadlines and contribution strategies 9:38

 

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

 

Links:

IRA income caps

Free Class: https://go.sunlighttax.com/free

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