Sunlight

Hannah Cole
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  • ENTREPRENEURSHIP
  • UPDATED WEEKLY
Sunlight

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 — artists, 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 creative 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 creative career. Hannah has supported thousands of creatives 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.

  1. 4 DAYS AGO

    Year End Savings: Charitable Deductions

    Today, I’m continuing my series about year-end tax saving tips and talking about charitable contributions and their tax implications for self-employed individuals including strategies for maximizing your charitable contributions.    Listen to this episode to get all the information you need to maximize your charitable donations and to learn the tax limitations of donating your creative work.     Also mentioned in today’s episode:    Itemized deductions vs. standard deductions 2:30 Strategies for maximizing your charitable contributions 12:44 Donating creative work and tax implications 15:03   If you enjoyed this episode, please rate, review and share it!  Links: Qualified tax exempt organization search Mutual Aid: All the Tax Info You Need

    24 min

  2. DEC 10

    Year-End Savings: Business Expenses

    Today, I’m continuing my series about year-end tax saving tips and giving you some strategies on how you can maximize your tax deductions as an entrepreneur using business expenses.    Join me in this informative episode to learn how you can prioritize your bookkeeping and accelerate your expenses to make sure you get the most out of your tax deductions this upcoming year.    Also mentioned in today’s episode:    The importance of bookkeeping 2:25 Expense acceleration tips 14:14 Year end spending recommendations 21:46   If you enjoyed this episode, please rate, review and share it!  Links: Free mini-course on the new LLC report

    27 min

  3. DEC 3

    Year-End Savings: IRA vs 401k: Fund the 401k First

    Today, I’m continuing my series about year-end tax tips and discussing why it’s so important to contribute to tax-advantaged retirement accounts. I’m diving into the differences between 401k’s, traditional and Roth IRAs, as well as the SEP IRA option for self-employed individuals.   Join me in this important episode to learn how you can maximize your tax savings and retirement contributions.   Also mentioned in today’s episode:    401k and 403b accounts 4:43 IRA contribution limits and tax benefits 7:13 Deadlines and contribution strategies 9:38   If you enjoyed this episode, please rate, review and share it!    Links: IRA income caps Free Class: https://go.sunlighttax.com/free

    19 min

  4. NOV 26

    Save Money at Year-End: Healthcare

    Today, I’m chatting about healthcare related year-end tax planning strategies that you can use to save money if you are self-employed. I’m diving into the differences between Flexible Spending Accounts and Health Savings Accounts including the benefits and how you can maximize your contributions.   Join me in this episode to learn how you can make sure you’re making the most of your healthcare savings as the end of the year approaches.     Also mentioned in today’s episode:    Flexible Spending Accounts 5:50 Health Savings Accounts 9:10  Maximizing your HSA benefits 16:05   If you enjoyed this episode, please rate, review and share it!  Links: Join my Program: https://www.sunlighttax.com/moneybootcampimpact

    19 min

  5. NOV 19

    My Mental Health Checklist for Hard Times

    Today, In the wake of the election, I’m sharing my personal recipe for maintaining your mental health during tough political times and emphasizing the importance of taking care of your basic needs. I’m also talking about how you can focus on finding joy in the small moments and connecting with loved ones, rather than getting caught up in the negativity of social media and constant news consumption.   Join me in this important episode to learn how you can make sure you're prioritizing your mental health and how you can make a difference in local elections.     Also mentioned in today’s episode:    Focusing on something you can control 6:36 Finding joy in the small things and turning to the arts 11:44 Increasing political engagement and reducing news intake 25:03   If you enjoyed this episode, please rate, review and share it!  Links: https://podcasts.apple.com/us/podcast/the-weekly-show-with-jon-stewart/id1583132133?i=1000676185735 Join my Program: https://www.sunlighttax.com/moneybootcampimpact

    31 min

  6. NOV 12

    Tax Relief You Get for Disaster Losses

    In today’s episode, I’m going over the IRS benefits for those affected by federally declared disasters and highlighting the automatic qualification for disaster relief, including filing and payment extensions, and the option to file an amended return.   Join me to learn about the various IRS tax benefits and relief measures available to you if you’re ever impacted by a federally declared disaster.   Also mentioned in today’s episode:    Casualty losses and amended returns 7:55 Disaster declaration numbers and deadline extensions 11:53 Non-taxable disaster relief payments 15:44   If you enjoyed this episode, please rate, review and share it!  Links:   tax return preparation options Eligible individuals or families can get free help preparing their tax return at Volunteer Income Tax Assistance (VITA) or Tax Counseling for the Elderly (TCE) sites. To find the closest free tax help site, use the VITA Locator Tool or call 800-906-9887. Note that normally, VITA sites cannot help claim disaster losses. To find an AARP Tax-Aide site, use the AARP Site Locator Tool or call 888-227-7669. Any individual or family whose adjusted gross income (AGI) was $79,000 or less in 2023 can use IRS Free File’s Guided Tax Software at no cost. There are products in English and Spanish. Another Free File option is Free File Fillable Forms. These are electronic federal tax forms, equivalent to a paper 1040 and are designed for taxpayers who are comfortable filling out IRS tax forms. Anyone, regardless of income, can use this option. MilTax, a Department of Defense program, offers free return preparation software and electronic filing for federal tax returns and up to three state income tax returns. It’s available for all military members and some veterans, with no income limit. Ways to help WNC Relief efforts: 1. Emergency Relief Fund Grants for Artists 2. The WNC Strong: Rebuilding Together Grant for grant aid to help local WNC businesses survive and rebuild 3. The Sunlight Tax Paypal mutual aid fund. 100% of donations will be given to people I know and love and who need it 4. Love Asheville from Afar: links to WNC businesses that have inventory and would love your support. Please consider Asheville and WNC businesses as you send gifts this fall and for the holidays.

    25 min

  7. NOV 5

    Mutual Aid: All the Tax Info You Need

    Today, I’m discussing the tax implications of mutual aid funds and how it relates to the context of Hurricane Helene's impact here in Western North Carolina with the creation of paypals and fundraisers for donations.    Join me in this important episode to learn how to handle the tax side of mutual aid and how to make sure you’re staying on the right side of the IRS.     Also mentioned in today’s episode:    The importance of documenting gifts with written proof 3:45  Offsetting tax liability 7:29 Charitable donations and itemized deductions 12:48    If you enjoyed this episode, please rate, review and share it!  Links:   Emergency Relief Fund Grants for Artists The WNC Strong: Rebuilding Together Grant for grant aid to help local Businesses survive and rebuild: https://www.mountainbizworks.org/helene/donate For Sunlight Tax Mutual Aid donations. I will donate 100% of these funds directly to people in need.

    22 min

  8. OCT 29

    Sales Tax vs. Income Tax

    Today, I’m diving into the topic of Sales Tax vs. Income Tax and emphasizing why it’s so important for you to know the difference.    Join me in this episode, to learn more about the differences between sales tax and income tax and how it can affect you as an entrepreneur.     Also mentioned in today’s episode:    The main differences between sales tax and income tax 11:13 Registration and filing requirements 13:49 Sales tax filing process 16:00   If you enjoyed this episode, please rate, review and share it!  Links:   The WNC Strong: Rebuilding Together Grant for grant aid to help local Businesses survive and rebuild: https://www.mountainbizworks.org/helene/donate   For Sunlight Tax Mutual Aid donations. I will donate 100% of these funds directly to people in need. Emergency Relief Fund Grants for Artists Join my Program: https://www.sunlighttax.com/moneybootcampimpact

    26 min
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Trailer

4.9
out of 5
89 Ratings

About

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 — artists, 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 creative 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 creative career. Hannah has supported thousands of creatives 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.

Information

  • Creator
    Hannah Cole
  • Years Active
    2022 - 2024
  • Episodes
    131
  • Rating
    Explicit
  • Copyright
    © 2022
  • Show Website
    Sunlight

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