Sunlight Tax

In today's episode, I'm sharing my story of struggling with perfectionism and how I was able to overcome that and embrace imperfection and how I came to aim for quality over perfection.

Join me as I share some of my story along with some tips on how you can embrace and live the motto "Done is better than perfect" when you're just starting out as a business new owner. 

Also mentioned in today's episode: 

• The four areas where imperfection is acceptable and even beneficial 3:33

• The importance of education and self-management when it comes to investing 5:35

• The importance of quarterly taxes and why you shouldn't stress if it's not perfect 10:41

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

Links:

IRS Proof Your Business Deductions

Today, I'm giving some guidance on how you can use tax time as an opportunity to improve your finances and set yourself up for retirement. I'm diving into the importance of getting organized with systems to track tax documents, receipts, and bookkeeping so you can prevent stress and surprises during tax season. 

Join me in this episode as I outline the steps you need to take to improve your financial security as a creative entrepreneur.

Also mentioned in today's episode: 

• Why tax time is a key time to assess your financial situation 2:42

• Why being organized with your finances is so important 7:24

• High-level steps you can take to prevent stress and surprises at tax time 12:35

• How you can easily calculate profit as a self-employed person 14:40

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

Links:

The De-Stress Your Taxes Checklist Episode 

Sign up for the free class: Make Taxes Easier and Stash an Extra $130k in your Savings.

Today, I'm sharing some thoughts I've struggled with when it comes to my finances, taxes, and financial knowledge so I can motivate anyone who may be experiencing similar challenges with money mindset in your business. 

Join me in this personal episode as I talk about how I've been able to move past fears and feelings of inadequacy when it comes to my finances and to hear some tips on how you can do the same. 

Also mentioned in today's episode: 

• My personal thoughts on finances 7:23

• Some of my most common money thoughts 10:00

• Why you shouldn't let mistakes bring you down 12:30

• The Fire movement 19:54

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

Links:

Save your seat for the free class, Make Taxes Easier

Today on the podcast, I'm going over the key differences between 1099 freelance income and W-2 employee income when filing taxes and how you can simplify your taxes as a self-employed individual. 

Join me in this episode to learn how to file your taxes correctly to avoid penalties and keep your finances simple. 

Also mentioned in today's episode: 

• The main differences between 1099 and W2 income when it comes to taxes 2:30

• The importance of bookkeeping when you're self-employed 5:45

• The importance of keeping records and being prepared for IRS inquiries 14:53

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

Links:

sunlighttax.com/deductions

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

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:

https://www.sunlighttax.com/moneybootcampimpact

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

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

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

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