Do you feel overwhelmed, fearful, or even judged when it comes to your taxes and finances?

In today’s episode of the Sunlight Tax Podcast, I’m diving into the mental load of financial fear, specifically the stress that comes with managing taxes, saving for retirement, and planning financially as a self-employed or creative entrepreneur. We'll explore how this hidden anxiety can weigh down your creative energy and limit your impact.

If you’ve ever felt disorganized or anxious about money, tune in to learn practical ways to overcome that fear, get organized, and become financially confident as a creative entrepreneur.

Also mentioned in this episode:

01:45 The Mental Load of Taxes

06:51 Overcoming Fear and Anxiety Around Finances

13:25 Building a System for Financial Ease

If you enjoyed this episode, please rate, review and share it!
Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.

Links:

Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You’re Self-Employed.

Get your free visual guide to tax deductions

Check out my program, Money Bootcamp

In this episode of the Sunlight Tax Podcast, I share when it makes sense to hire a professional accountant versus handling your taxes on your own, and why understanding your taxes is so important, especially during life changes like getting married, relocating, or experiencing major income shifts.

I dive into essential tax planning strategies for creative entrepreneurs, freelancers, and small business owners. I also break down complex tax situations that often require expert guidance, and explore the pros and cons of using tax software versus working with a tax professional.

Also mentioned in this episode:

00:00 Understanding the Importance of Tax Planning

00:49 When to Hire an Accountant vs. DIY Taxes

05:20 Life Changes and Financial Shifts

11:13 The Value of Tax Planning

15:39 Complex Situations Requiring Professional Help

21:40 Strategic Decisions and Consulting an Accountant

26:28 Empowerment Through Tax Education

Takeaways

• Even a couple hours of an accountant's time can save you money.

• There is no tax education in this country, which complicates things.

• Basic education in taxes can empower you to handle them yourself.

• Big life changes are a good time to consult with an accountant.

• Tax planning can save you a lot of money and headache.

• Consult a professional before significant financial decisions.

• Tax returns typically do not include tax planning services.

• Year-end tax planning is crucial for maximizing savings.

• Understanding your taxes is important for financial literacy.

• Using software like TurboTax can be effective if you know the rules.

If you enjoyed this episode, please rate, review and share it!
Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.

Links:

Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You’re Self-Employed.

Get your free visual guide to tax deductions

Check out my program, Money Bootcamp

In this episode, I break down the essentials of self-employment tax and explore how forming an S Corporation can unlock valuable tax benefits. I walk through key tax strategies, what makes an S Corp worth considering, and why understanding state regulations matters for self-employed entrepreneurs like us.

I also highlight how strong bookkeeping, proper payroll, and strategic financial planning help protect your business income and maximize your tax return. If you’re navigating entrepreneurship and want to keep more of what you earn, this episode offers practical, real-world guidance.

Also mentioned in this episode:

00:00 Understanding Self-Employment Tax

03:25 The Benefits and Risks of S Corporations

06:20 Criteria for Forming an S Corporation

11:55 Navigating State Regulations and Compliance

Takeaways

• Self-employment tax is 15.3% for self-employed individuals.

• An S Corporation can help save on self-employment taxes if criteria are met.

• Forming an S Corp requires running payroll and compliance with employment laws.

• You cannot undo an S Corp election for five years.

• Check state regulations as some may tax back S Corp benefits.

• Consistent profit over $60,000 is a key criterion for forming an S Corp.

• Bookkeeping is essential when operating as an S Corp.

• Having more money than time indicates readiness for an S Corp.

• Professional guidance is crucial when forming an S Corp.

• Be cautious of advice from unlicensed sources regarding taxes.

If you enjoyed this episode, please rate, review and share it!
Every review makes a difference by telling Apple or Spotify to show the Sunlight podcast to new audiences.

Links:

Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You’re Self-Employed.

Get your free visual guide to tax deductions

Check out my program, Money Bootcamp