In today’s episode, I’m chatting about the common confusion around tax deductions for home offices or studios, including what you can and cannot deduct as an entrepreneur. I’m also explaining how discrepancies between bookkeeping and tax deductions for a home office are normal and expected.

Listen to this episode to get a better understanding of how to maximize your home office and studio deductions.

Also mentioned in today’s episode:

• The criteria for home office deductions 2:35

• How you can calculate your home office deductions 6:50

• Direct expenses and quarterly tax payments 8:20

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

Links:

Visual Guide to Tax Deductions

Check out my program, Money Bootcamp.

Today, I’m talking about the importance of understanding and managing your estimated quarterly taxes as a self-employed individual and addressing some of the common fears associated with making estimated payments.

Join me in this episode to learn how you can set up your quarterly payments to avoid a large tax bill and the stress that comes along with it.

Also mentioned in today’s episode:

• How quarterly taxes 10:04

• Common mistakes and reporting issues 10:30

• Reconciliation and tax return process 10:45

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

Links:

Check out my program, Money Bootcamp.

Today, I’m talking about the common problem of receiving an incorrect 1099 as an entrepreneur, including what you need to look for and how you can make the corrections to avoid any problems with filing your taxes.

Join me in this episode to get all of the details needed for correcting any 1099s that may have errors and what you can do to avoid any issues with filing.

Also mentioned in today’s episode:

• Steps to correcting a 1099 6:30

• Handling discrepancies in 1099s 12:10

• Reimbursed expenses and 1099 reporting 14:47

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

Links:

Farnoosh Torabi's Book to Brand conference in NYC

My quick, easy 1099s course

Check out my program, Money Bootcamp.

Have you been wondering what’s going on with the Corporate Transparency Act? Today, I’m diving into the newest update of the Corporate Transparency Act and Beneficial Ownership Information Report, including what you need to do as an entrepreneur to stay proactive.

Listen to this episode to get your up-to-date information on BOI Reporting and how you can make sure you avoid any penalties that may pop up.

Also mentioned in today’s episode:

• Impact on small LLC’s 3:30

• Legal challenges and court rulings 4:08

• Recommendations for business owners 9:41

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

Links:

Free Mini-Course on New Rules for LLCs/BOI Report

Check out my program, Money Bootcamp.

Today, I’m going over the importance of issuing 1099 forms if you’re self-employed, including who needs to receive them, the deadlines and penalties involved if you miss it.

Tune into this episode to get an understanding of the 1099 process and to get strategies to simplify issuing 1099s, so you can stay organized and avoid any penalties.

Also mentioned in today’s episode:

• Types of 1099 forms and their uses 5:30

• Who needs a 1099 and who doesn’t 6:56

• Action checklist for issuing 1099s 19:00

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

Links:

Blank W9 for you

My course on issuing 1099s

Check out my program, Money Bootcamp.

Today, I’m giving you a comprehensive January checklist to help organize your taxes if you’re self-employed so that you can have a headstart on your taxes for 2025.

Tune in to this episode to get a strong start to the tax year and put systems in place to simplify your tax preparation process.

Also mentioned in today’s episode:

• Why you should check your odometer now 2:11

• Issuing 1099’s and estimated tax payments 6:48

• Maintaining business bank accounts and receipts 10:45

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

Links:

Check out my program, Money Bootcamp.

In this debut episode of 2025, I’m going over some of the new 2025 tax law changes, how they might affect you as an entrepreneur and how you can prepare for these changes.

Join me today to learn how you can make sure you get a head start on these upcoming tax changes.

Also mentioned in today’s episode:

• Mileage tracking 1:52

• Secure 2.0 Act and retirement contributions 5:44

• 1099-K changes 9:49

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

Links:

FREE LIVE CLASS

Make Taxes Easier and Stash an Extra $152k in Your Savings:

https://go.sunlighttax.com/free

Today, I’m talking about the importance of preparing for tax season specifically when it comes to issuing 1099 forms, including when you need to issue one and the deadline.

Join me in this episode to learn how and when you need to obtain your W9 forms and issuing your 1099’s from your contractors.

Also mentioned in today’s episode:

• 1099 requirements 4:10

• Compiling contractor payments 4:43

• Gathering W9 forms 6:50

• Preparing for 1099 issuance 9:53

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

Links:

FREE LIVE CLASS

Make Taxes Easier and Stash an Extra $152k in Your Savings:

https://go.sunlighttax.com/free