Today, I'm sharing with you some information about the recently passed Secure 2.0 Act and how it can help you stash more FU money and expand your retirement funding. 

Listen to this episode to hear all of the details about the Secure 2.0 Act, how you can take advantage of it with your retirement plan and why it's so helpful for every tax payer. 

Also mentioned in today's episode: 

• What is the Secure 2.0 Act? 8:28

• How the Secure 2.0 Act helps with retirement funding 12:15

• How you can take advantage of this act with your retirement 18:45

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

Links:

https://www.sunlighttax.com/moneybootcamp2023

 I use a service (Guideline) that plugs into my payroll software (Gusto - this is my referral link, and it will save you $100. I *highly* recommend Gusto for running payroll and paying contractors/complying with 1099s/W2s). Guideline is so affordable and streamlined that even as a small employer, I have no trouble maintaining my 401k.

Are you feeling judgement or fear when it comes to your taxes and finances? 

Today, I'm talking about the mental load of financial fear and the anxiety you might have surrounding your taxes or retirement as a creative entrepreneur. I'm also sharing why it's so important to our creative practice to break through those fears so you can increase your impact in this world.    

Join me to learn more about how you can move past any disorganization and fearful thoughts you have about money and become more organized and financially secure.

Also mentioned in today's episode: 

• The fear of judgement 4:10

• The mental load of feeling stressed and disorganized 8:45

• How tax planning and taking charge of your finances would change your life 10:55

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

Links:

To sign up for the free live class, Understand Your Taxes and Make Money, register here: https://go.sunlighttax.com/free

One of the top questions I get asked in my one to one consultations as a tax accountant for creative entrepreneurs is: Do I need an LLC?

Today, I'm diving into LLC's and explaining from an accounting perspective the details of why entrepreneurs might consider changing their business status to an LLC and the benefits that come along with it. 

Join me in this episode to learn more about LLC's and why having one doesn't define your business status. 

Also mentioned in today's episode: 

• Single member and multi member LLC's 3:17

• What is an LLC and what does it do 12:13

• Liability protection 14:50

• The importance of having a separate business bank account 20:46

• The next steps to take after having an LLC 23:08

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

Links:

To sign up for the free live class, Understand Your Taxes and Make Money, register here: https://go.sunlighttax.com/free

Today, I'm explaining the home office deduction including how you can calculate your own home office deduction when you're filing your taxes as a creative entrepreneur this upcoming tax season.

Join me in this informative episode to learn a simplified way of calculating this important deduction and how you can make sure you're getting the most out of it this tax season. 

Also mentioned in today's episode: 

• What is a home office? 1:51

• Calculating the home office deduction 7:16

• Your deductible home office expenses 8:56

• Personal vs. business time and how to calculate it 14:00

• Calculating mileage when you have a home studio 16:30

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

Links:

https://go.sunlighttax.com/free

In today's episode, I'm talking about a very important topic: how to pay yourself first as a creative entrepreneur and how you can grow your stash of fuck you money. 

Join me today, to hear the important steps you can take to make sure that you set yourself up for financial security and why it's never too late to start contributing to your IRA.  

Also mentioned in today's episode: 

• Why you should set apart the full amount of money you want to use to fund your IRA first 9:25

• Paying yourself first and how to do it 11:34

• Why financial security is so important 13:22

• Is it ok to start funding your IRA later in life? 15:27

• Understanding your taxes 26:15

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

Links:

https://go.sunlighttax.com/free

Are you a creative entrepreneur who's been wondering when you should hire an accountant or if you'll be able to just do your own taxes?

In today's episode, I'm breaking down some of the most common scenarios that you might want to consider actually hiring an accountant and when you can just do your own taxes as an entrepreneur. 

Join me in this informative episode to learn the best times to consult an expert and why using an accountant might save you money in the long run. 

Also mentioned in today's episode: 

• When it's a good time to consult an accountant 5:33

• Why it's not as expensive as you think to hire an accountant 8:30

• Tax returns and what you're paying for 11:00

• Tax planning and strategy and why it's important to consult an accountant 21:15

• Understanding your taxes 26:15

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

Links:

https://go.sunlighttax.com/free

Today, I'm diving into the second part of paying estimated quarterly taxes and sharing how you can actually calculate what your quarterly payments to the IRS should be. 

Join me to learn how you can determine your payments and why you should stop focusing on perfection and exact numbers. 

Also mentioned in today's episode: 

• How to get started paying your estimated quarterly taxes 4:40

• Safe harbor rules 17:20

• Paying 90% of last years quarterly taxes 22:22

• Calculating your income tax 25:11

• States and quarterly taxes 27:56

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

Links:

Understand your Taxes and Make Money Free Class: 

https://go.sunlighttax.com/free

If you're a creative entrepreneur, chances are that you might be confused with the idea of paying your estimated quarterly taxes.

Today, I'm breaking down all of the details about estimated quarterly taxes including how to know what you owe and when you need to submit payment to the IRS. 

Join me in this informative episode to learn how you can stay caught up on your taxes and how you can avoid a large, unexpected tax bill.

Also mentioned in today's episode: 

• What is a pay as you go tax system? 3:11
• How estimated quarterly taxes work 15:42
• The dates you need to know 18:30
• How you can calculate your payment 21:02

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

Links:

Understand your Taxes and Make Money Free Class: 

https://go.sunlighttax.com/free

This week, I'm giving you a quick and practical episode answering some of the common questions I've received about 1099's so I can clarify any confusion before this upcoming tax season.  

Join me in this episode to get important details and information about 1099's including what you should do if you don't receive one from someone who's paid you.

Also mentioned in today's episode: 

• Do you need to report your income when it's under $600? 3:10
• Correcting incorrect 1099's 5:42
• What to do if someone refuses to give you a 1099 8:35
• Penalties for not reporting all of your income 18:33

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

Links:

1099s class:

Courses.sunlighttax.com/1099

Money Bootcamp, free class and to join:

Go.Sunlighttax.com/register

Preparing for tax season can be overwhelming especially if you're a business owner. 

In this week's episode, I'm sharing some of the easy tips I have for you as a creative entrepreneur preparing for tax season.  

Join me in this informative episode to learn the action tips you need to take today to make your tax season seamless and stress-free. 

Also mentioned in today's episode: 

• How to start tracking your mileage 3:00
• How to set up a plan for your tax documents 6:47
• Organizing your receipts 9:11
• The importance of bookkeeping 10:35

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

Links:

Odometer

Mileage app: 

MileIQ code: HCOL124A (20% off!)

1099s class:

Courses.sunlighttax.com/1099

Money Bootcamp, free class and to join:

Go.Sunlighttax.com/register