It's easy to get confused when it comes to figuring out what you need to report as income on your tax return. Today, I'm going over some of the most common ways to receive money as an entrepreneur and talking about what actually counts as income in your business so you can be prepared for your taxes. Join me in this episode to learn more about determining your total income and how you can make sure you report it correctly to the IRS. Also mentioned in today's episode: <ul> <li dir="ltr" aria-level="1"> How to know when something is income and when it's not 9:54 </li> <li dir="ltr" aria-level="1"> What is the function of the people you serve? 12:16 </li> <li dir="ltr" aria-level="1"> Should you itemize your tax return? 13:55 </li> </ul> If you enjoyed this episode, please rate, review and share it! Links: Sign up for Money Bootcamp: <a href= "https://www.sunlighttax.com/moneybootcamp2023">https://www.sunlighttax.com/moneybootcamp2023</a>

It's easy to get confused when it comes to figuring out what you need to report as income on your tax return. Today, I'm going over some of the most common ways to receive money as an entrepreneur and talking about what actually counts as income in your business so you can be prepared for your taxes. Join me in this episode to learn more about determining your total income and how you can make sure you report it correctly to the IRS. Also mentioned in today's episode: How to know when something is income and when it's not 9:54 What is the function of the people you serve? 12:16 Should you itemize your tax return? 13:55 If you enjoyed this episode, please rate, review and share it! Links: Sign up for Money Bootcamp: https://www.sunlighttax.com/moneybootcamp2023

It's easy to get confused when it comes to figuring out what you need to report as income on your tax return. Today, I'm going over some of the most common ways to receive money as an entrepreneur and talking about what actually counts as income in your business so you can be prepared for your taxes. Join me in this episode to learn more about determining your total income and how you can make sure you report it correctly to the IRS. Also mentioned in today's episode: <ul> <li> How to know when something is income and when it's not 9:54 </li> <li> What is the function of the people you serve? 12:16 </li> <li> Should you itemize your tax return? 13:55 </li> </ul> If you enjoyed this episode, please rate, review and share it! Links: Sign up for Money Bootcamp: <a href="https://www.sunlighttax.com/moneybootcamp2023" rel="noopener noreferrer">https://www.sunlighttax.com/moneybootcamp2023</a>

What Counts As Taxable Income?

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

But without financial power, the diverse and unique solutions that you bring to the world as a creative entrepreneur aren't able to see the light of day. And you are left burned out and exhausted.

This show is designed for the big vision creators —designers, freelancers, and purple-haired, punk rock weirdos — to answer the question: "If you had your taxes, retirement, and investing on lock, how big of an impact could you make on the world with your work?"

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 will explore the connection between financial power and creative success, uncovering the unique money mindset and financial management shifts that help creators like you have a bigger impact with your work. From what you need to know about self-employment taxes and bookkeeping, to unlocking your vision, you'll have everything you need to become more successful — and have a bigger impact — in your career. 

Hannah has supported thousands of self-employed people like you with accessible tax and business setup skills through her signature program, Money Bootcamp. You can learn more at sunlighttax.com and connect on Instagram at @sunlighttax.

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

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Making money isn't usually the top priority for big vision creators — making a difference is. But without financial power, the diverse and unique solutions that you bring to the world as a creative entrepreneur aren't able to see the light of day. And you are left burned out and exhausted. This show is designed for the big vision creators —designers, freelancers, and purple-haired, punk rock weirdos — to answer the question: "If you had your taxes, retirement, and investing on lock, how big of an impact could you make on the world with your work?" 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 will explore the connection between financial power and creative success, uncovering the unique money mindset and financial management shifts that help creators like you have a bigger impact with your work. From what you need to know about self-employment taxes and bookkeeping, to unlocking your vision, you'll have everything you need to become more successful — and have a bigger impact — in your career. Hannah has supported thousands of self-employed people like you with accessible tax and business setup skills through her signature program, Money Bootcamp. You can learn more at sunlighttax.com and connect on Instagram at @sunlighttax. If this sounds good to you, please subscribe to the show, and share it with a friend.

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What Counts As Taxable Income?

What Counts As Taxable Income?

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