Sunlight Tax

This week, I'm sharing a year-end review of past episodes from 2023 that covered new tax laws and legislation so you can be prepared when it comes to your business finances as we approach the tax season and year end.     Join me in this episode to get a recap of any new laws or tax credits that could impact you and your finances in 2024.     Also mentioned in today's episode:    The Corporate Tran...

As we approach the end of 2023, I want to talk about end of year tax planning and some strategies on how to avoid a cash crunch in April when your tax bills are due. I'm giving you some budgeting and accounting tips that can potentially lower your taxable income.    Join me in this episode to get some valuable insight on staying ahead of your taxes so you can avoid a big bill when the tax deadline...

In today's episode, I want to talk about a new law that goes into effect in January of 2024 and affects small business owners with an LLC: The Corporate Transparency Act.   Join me in this important episode to learn more about this law, why it's actually a good thing and how you can comply to avoid fines.    Also mentioned in today's episode:    What is the Corporate Transparency Act and why is it...

Has calculating your income tax rate in the past been overwhelming?   Today, I'm going into detail about income tax rates and helping you understand what the income tax rates are so you can be prepared when it comes time to file your quarterly taxes as a creative entrepreneur.    Join me in this episode to hear some tips on estimating your income tax rate and how you can avoid errors when calculat...

On today's episode, I'm talking about an important topic that I'm very passionate about: saving for retirement. I'm sharing why it's so important to make sure you contribute to your retirement, how it can help you become a millionaire and some important facts you should know.    Join me to learn about saving for your retirement and some of the benefits you can get by starting today.    Also mentio...

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 ar...

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 o...

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...

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 re...

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 y...

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:    Whe...

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 c...

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 m...

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...

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...

Have you ever wondered what questions you should ask when you're hiring a new accountant?   Today, I'm explaining some of the biggest mistakes I see people make when they begin to work with an accountant and clarifying what you don't get when hiring an accountant.    Listen to today's episode to learn how working with an accountant could work for your small business, some of the benefits and how y...

In today's timely bonus episode, I am sharing some information on student loans, the new SAVE program and how this new program can help lower your payments and still lead to student loan forgiveness.    Join me as I give you all the nitty-gritty details about your student loans including who qualifies for the SAVE program and how you can make sure you sign up for it to take advantage.    Also ment...

Today, I want to talk about 2 areas of the tax code where you can get more money as a deduction than you actually spent and how you can make the most of these deductions during tax season.   Join me in this episode to learn how you can maximize your tax deductions and get the most money in your pocket.    Also mentioned in today's episode:    Tracking your mileage deduction 4:08 The expense method...

  Today, I'm sharing an article I wrote about why it's so important to keep your personal and business bank accounts separate as an entrepreneur. I'm also sharing information about LLC's vs. a sole proprietorship and if having an LLC really changes anything during tax time.    Join me in this episode to hear why mixing your personal and business accounts can hurt your business and to learn more ab...

Today, I'm sharing important details about the Child and Dependent Care Tax Credit and how you can use it during the summer months when sending your children to summer camp.    I'm also talking about the difference between a tax credit and a tax deduction and why a credit is more beneficial to the taxpayer.    Join me in this episode to learn how you can take advantage of this tax credit and how i...

  Today, I'm sharing a civic oriented article I wrote back in 2018 that I hope will inspire you to get involved in your local politics and think more about why civic education is so important.    Join me in this inspiring episode to learn a bit more about why it's so important to take a greater role in your local government and why I feel so passionate about advocating for tax education in this co...

In this quick and easy episode, I'm talking about something practical you can do in just 15 minutes to make your life easier during tax time.     Join me today to learn how you can do an easy paycheck checkup to prepare for tax season, avoid any surprise tax bills and ensure your withholding is at the right level.    Also mentioned in today's episode:    Adjusting your taxes 2:20 Finding your fede...

Have you ever wondered what happens when you make a mistake on your taxes?    In this episode, I'm talking about the most common mistakes people make when filing their taxes, how you can fix them and the basics of an amended tax return.     Join me today to learn how you can easily amend your taxes when you accidentally make a mistake and when you can skip filing an amended return.    Also mention...

Today, I'm sharing some tax basics and diving into tax schedules including what tax schedules are and why they exist. I'm also diving into capital gains, itemized deductions and self employment tax.    Join me in this informative episode to learn more about how tax schedules work, how they relate to you and how you can use this information during tax season to make your life easier.    Also mentio...

Today, I'm sharing the details of what I do with my money, how I got interested in personal finance and how my idea and process with money has evolved over the last 20 years.    Join me in this episode as I give you my tips on what has helped me grow my wealth including some of the mistakes I've made and why rinsing and repeating is powerful when it comes to finances.    Also mentioned in today's...