Sunlight Tax

As we approach the upcoming holiday season, I wanted to chat about an important topic that comes up often: donating your artwork to a charitable organization and what that means for your taxes. 

 

Join me today in this important episode as I explain what donating your artwork to charity means during tax time and why nonprofits need to be aware of the tax implications of charitable donations for artists. I also give you some tips on how you can still be charitable without feeling exploited. 

 

Also mentioned in today's episode: 

 

• Donating your work to charity and the tax implications 1:38

• Deducting materials on your taxes 5:32

• How you can donate to charity without feeling exploited as an artist 6:58

• Why nonprofits need to be more transparent and ethical when asking for donations from artists 10:31

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

 

Links:

 El Anatsui: https://elanatsui.art/

 

Get full access to Taxes For Humans at sunlighttax.substack.com/subscribe

Today, I'm sharing with you how you can set up your calendar for success as an entrepreneur so you never miss any tax deadlines and why it's so important to have all of the important tax dates outlined. 

 

Join me in this episode to find out how you can grab my calendar filled with important tax dates so you can stay prepared for tax season!

 

Also mentioned in today's episode: 

 

• The importance of tax deadlines 13:56

• Some of the most important deadlines you need to know 19:00

• How you can get my free tax nudge calendar 22:02

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

 

Links:

 

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

 

 

Get full access to Taxes For Humans at sunlighttax.substack.com/subscribe

Today, I'm sharing another article I wrote in 2017 for the art blog, Art F City, where I focus on the mindset and the attitude that you need to conquer your personal finances. 

 

Join me in this episode to learn more about how you can shift your mindset and adjust your attitude when it comes to money and prioritize your financial security. 

 

Also mentioned in today's episode: 

 

• The importance of mindset when it comes to finances 1:37

• Spending less than you earn 3:20

• Why you should observe your spending habits 5:10

• How you can prioritize your financial security 7:11

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

 

Links:

https://go.sunlighttax.com/register

 

 

 

Get full access to Taxes For Humans at sunlighttax.substack.com/subscribe

Today, I'm sharing an article I wrote where I give a practical financial overview and is a personal finance cheat sheet for anyone feeling overwhelmed with their finances and taxes. 

 

Listen to this episode to get some finance tips to help you feel more secure as an entrepreneur when it comes to your money.

 

Also mentioned in today's episode: 

 

• Prioritizing debt repayment 5:52

• Why saving for retirement is so important 7:45

• Investing for long-term growth 11:23

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

Links:

https://go.sunlighttax.com/register

Get full access to Taxes For Humans at sunlighttax.substack.com/subscribe

Are you an entrepreneur who has wondered if it's time for you to form an LLC or an S Corp?

 

Today, I'm going over the business order of operations and why it's so important to focus on the next level of your business instead of planning far ahead so you don't waste valuable time and money. 

 

Join me in this important episode as I go over some of the important steps in entrepreneurship and when you might want to consider taking the leap. 

 

Also mentioned in today's episode: 

 

• LLC as liability protection and do you need liability insurance? 4:22

• The importance of bookkeeping with Schedule C 8:50 

• S Corporations and taxes 12:42

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

 

Links:

 

Visit my opening at the Tracey Morgan Gallary November 3rd

 

http://www.traceymorgangallery.com/

Get full access to Taxes For Humans at sunlighttax.substack.com/subscribe

In today's episode, I'm going over when your business actually starts according to the IRS, the importance of profit motive and the major benefits to filing a Schedule C even if you're a new business. 

 

Join me today as I explain the details of getting your business started and how you can prepare for your first year of filing taxes as an entrepreneur. 

 

Also mentioned in today's episode: 

 

• When a business starts from a tax perspective 1:30

• Start up expenses and profit motive 7:21

• Tax deductions for a business in the first year 9:28

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

Links:

https://go.sunlighttax.com/register

Get full access to Taxes For Humans at sunlighttax.substack.com/subscribe

Today, I'm sharing how you can reduce your tax overwhelm and get some relief when it comes to filing your taxes for your small business. I'm giving you 3 systems you need to make sure you stay organized during tax time so you can reduce your overwhelm. 

 

Join me in this informative episode as I give you some quick tips on creating a simplified system for bookkeeping and taxes as a self-employed creative.   

 

Also mentioned in today's episode: 

 

• Bookkeeping and your taxes 4:35

• Schedule C tax filing and entity formation 8:19

• The 3 systems self-employed people need to stay organized with taxes 12:30

• Why you shouldn't mix your personal and business accounts 16:49

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

 

Links:

https://go.sunlighttax.com/register

 

Get full access to Taxes For Humans at sunlighttax.substack.com/subscribe

This week, I'm sharing an interview I did on the Emerging Brands Podcast with Kelly Bennett. 

 

Kelly Bennett is a New York City based Brand Strategist who helps brands define their brand strategy and develop brand narratives. 

 

Join me in this episode as I talk about my business, how and why I started my company and some important parts of accounting you should know as an entrepreneur. 

 

Also mentioned in today's episode: 

 

• My background and why I started Sunlight Tax 4:49

• Do small businesses need an LLC or an S Corp? 23:45

• Money Bootcamp and how it helps streamline taxes and bookkeeping for small businesses 30:46

• Financial empowerment and ethical investing 41:51

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

 

Links:

 Emerging Brands Podcast

 

 

Get full access to Taxes For Humans at sunlighttax.substack.com/subscribe

Farnoosh Torabi is an Iranian-American personal finance expert, journalist, author and the host of the So Money podcast.  

 

Today, Farnoosh joins me to talk about her new book, A Healthy State of Panic, why the idea of fearlessness can sometimes be problematic and how growing up in an immigrant household shaped her relationship with fear. 

 

Join both Farnoosh and I today to learn more about how you can use your fear constructively to make positive changes in your life. 

 

Also mentioned in today's episode: 

 

• Fear and decision making when it comes to personal finance 4:19

• Overcoming investing fears 15:58

• Fear and upbringing in an immigrant family 24:56

• How you can use your fear to make positive changes 39:03

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

 

Links:

 https://ahealthystateofpanic.com/ 

 

Get full access to Taxes For Humans at sunlighttax.substack.com/subscribe

Today, I'm talking about some of the best things I've invested in during my time as a business owner that have brought me a good return on investment. I'm also sharing how you can determine if something will be a good ROI for you in your business.  

 

Join me today to learn how you can break through any mindset barriers you have when it comes to spending money and make smart investments that will bring you a good return. 

 

Also mentioned in today's episode: 

 

• Thinking about money as an artist 2:22

• Some of the best things I've invested in 7:00

• How can you tell if something is worth your money? 28:26

• The value of Money Bootcamp 33:04

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

 

Links:

Join the free live class, Understand Your Taxes and Make Money

Book a free 15-minute call with Lisa Zayiha, coach: https://schedulewithlisaz.as.me/consultationcall   Sarah M. Chappell: https://sarahmchappell.com/

Get full access to Taxes For Humans at sunlighttax.substack.com/subscribe