In this week's bonus episode, I'm breaking down what's currently going on in the economy right now both in the US and globally including whether or not we're heading toward a recession and how you can benefit from one.  I'm also deep diving into some of the common economic terms like inflation and interest rates, and how it affects you as a creative entrepreneur. 

 

Listen in to hear some important and exciting information about my program Money Bootcamp! 

Also mentioned in today's episode: 

 

• Are we heading toward a recession and what is a recession? 4:40
• Will a recession affect you as a creative entrepreneur? 6:10
• How you can benefit from a recession 7:23
• Why interest rates are rising 8:01
• What's happening economically globally 15:17
• I Bonds 20:40
• My program Money Bootcamp and how it's changed 24:14

 

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

 

Links:

$200 off Money Bootcamp one-time pre-season flash sale through midnight on Friday, September 30th.  Go to: https://www.sunlighttax.com/moneybootcampsales

 

https://www.youtube.com/channel/UCfBU4e2kjX_FEUkEzqbEuRw/videos

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

Paddy Johnson is a writer, educator and the founder of VVrkshop, an online platform designed to help artists and art professionals connect with other artists, get more shows, residencies and grants.  

 

In today's episode, Paddy and I talk about some of the inherent problems facing professional artists today and why it's so important to build a strong network and community when working as a career artist.   

 

Also mentioned in today's episode: 

 

• Conservatism in the art world 3:41
• Finding the right program for you as an artist 7:38
• Income inequality in the art world 12:00
• Why you should be asking for more money as a creative 16:36
• The importance of a network and community when working as an artist 22:01
• Confidence as an art professional 27:30
• How to effectively network and build relationships 33:07
• VVrkshop and Netvvrk and the reason why Paddy started her programs 41:47

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

Did you like Paddy's episode? You can watch her class The 3 Steps to Getting More Shows at this link:    https://vvrkshop.lpages.co/get-more-shows/

Connect with Paddy: 

Paddy's website: https://www.paddyjohnson.com/

Paddy's membership: https://www.vvrkshop.art/

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

I often see a lot of creative entrepreneurs struggling with mindset issues when it comes to the idea of being an official business owner and not knowing when to file their Schedule C. 

 

Today, I explain why it's important to know when the IRS recognizes your business as official, the self-employment tax deductions you can take advantage of once you start your business and what the breakeven point is when you're an entrepreneur.  

 

Also mentioned in today's episode: 

 

• Why the first year in business is a very tax advantaged year 2:50
• How to know when your business has officially started according to the IRS 4:18
• When to file your first Schedule C 7:05
• Normalizing the idea of spending money before earning a profit as a sole proprietor  10:44
• The economic and business idea of a breakeven point 14:56
• Income tax and how the IRS defines a business and the importance of profit motive 19:28

 

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

 

Links:

 

https://www.sunlighttax.com/deductionsguide

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

Today, I'm talking about one of the best tax deductions you should be taking as a creative entrepreneur and one that often gets missed: the mileage deduction. 

 

In this episode, I explain why you should track business mileage for your taxes and how to get the most out of this tax deduction. I'm also sharing some easy, actionable steps for you to get started with keeping track of your mileage today. 

 

Also mentioned in today's episode: 

 

• The two different ways you can take mileage deduction 3:04
• Why mileage can be such an awesome tax deduction for entrepreneurs 5:55
• How to make keeping track of your mileage easy 6:39
• Keeping track of your mileage in 2022 8:58
• Actionable tips for getting started with mileage today 10:05

 

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

 

Links:

 

https://www.sunlighttax.com/deductionsguide

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

Erika Hess is a painter, curator and the host of the I Like Your Work Podcast. Her paintings and drawings center around gender, motherhood and the environment.

 

In this episode, Erika and I talk about the emotions in her work, what she's learned through her experience and why it's so important to have a community behind you as an artist. 

 

Also mentioned in today's episode: 

 

• Widening the space as an artist 3:48
• Erika's background and her current work 6:41
• How feelings and emotions are intertwined in Erika's work 12:09
• Being a mother and a painter 14:36
• The importance of community in art, especially as a woman 20:50
• How the I Like Your Work Podcast started and what it's taught Erika 25:50
• Erika's membership and what encouraged her to start one 37:45
• The importance of boundaries as an artist 44:53

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

 

Connect with Erika: 

Erika's work: https://www.erikabhess.com/

Erika's podcast: www.ilikeyourworkpodcast.com/home

Erika's membership: https://www.ilikeyourworkpodcast.com/yourlisteners

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

Hello and welcome to the first episode of Sunlight! 

 

When I first started working as a visual artist, I found it impossible to get good financial and tax information, and that's what eventually led me to starting my company Sunlight Tax, where I help self-employed creators with bookkeeping, and everything tax- and finance-related. 

 

I know firsthand how taxes and money can be difficult topics for creative freelancers, which is why in this episode, I'm going over the top 10 insights I've gained as an accountant doing the taxes of creative entrepreneurs. I'm also diving into why it's so important for you to gain good financial information as a working artist.  

 

Also mentioned in today's episode: 

 

• What led me to start my tax company Sunlight Tax 1:03
• Why it's normal to have feelings about money 6:09
• Does money really make you happy? 9:52
• Regressive vs. Progressive tax 21:50
• The benefits of having a Roth IRA 23:14
• Why outsourcing as a creative entrepreneur can be beneficial 27:08
• The W9 and1099 tax forms and income tax as a freelancer 32:44
• Self employment tax as a freelancer 34:20
• How taxes differ as a sole proprietor or single member LLC 39:33

 

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

 

Links:

https://www.sunlighttax.com/deductionsguide

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

In this episode, I'm sharing with you the inspiration behind starting my company, Sunlight Tax, which is dedicated to providing financial information and tax help to creative entrepreneurs and freelancers. I also talk about why I think it's so important that self-employed artists have financial security so that you can grow your business according to your values and have a bigger impact. 

 

Also mentioned in today's episode: 

 

• Why I care about creative entrepreneurs having financial security 3:37 
• Why it's important that creative people have more money and how it leads to bigger impacts 10:40
• How to stop internalizing the world's attitude about creative work 12:33
• How to approach money neutrally 17:52

 

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

 

Links:

 

https://www.sunlighttax.com/deductionsguide

 

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

Making money isn't usually the top priority for big vision creatives — making a difference is.

But without financial power, the unique solutions that creative entrepreneurs offer aren't able to see the light of day. 

This show is designed for the big vision creatives — artists, designers, freelancers, and purple-haired, punk-rock weirdos — to answer the question: "How can you increase your impact to power your big vision for a better world?"

Your host, Hannah Cole, is both an artist and a tax expert, and the founder of Sunlight Tax. In each episode, she and her guests explore the connection between financial power and creative success, uncovering the unique money mindset and financial management shifts that have led to some of the most impactful creative solutions being brought into the world. From what you need to know about self-employment taxes and bookkeeping to unlocking your vision, you'll have everything you need to become a more successful — and impactful — creative person. 

If this sounds good to you, please subscribe to the show, and share it with a friend.

 If you like the show, please subscribe and leave a review.

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