In this episode of the Sunlight Tax Podcast, I’m discussing the critical role of ownership in building wealth, particularly in the context of personal finance and the tax code. I’m sharing my personal journey of negotiating ownership of my work while writing a book, emphasizing the importance of recognizing one's value in collaborative projects and the benefits of investing. This episode encourages listeners to reflect on their own ownership and value in various aspects of life.

Also mentioned in today’s episode:

00:00 The Importance of Ownership in Wealth Building

03:01 Creating Visuals: The Work Behind Ownership

08:47 Personal Reflections on Ownership and Generosity

10:17 Recognizing Your Value in Collaborative Projects

13:04 Investing: A Path to Ownership and Financial Freedom

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.

Link to pre-order my workbook, Taxes for Humans: The Workbook

Get your free visual guide to tax deductions

Check out my program, Money Bootcamp

In this episode of the Sunlight Tax podcast, I talk about something that can feel overwhelming for a lot of us: taxes and bookkeeping, especially if you're a self-employed person. I share why having a positive mindset around money stuff really matters and how it can actually make tax season a lot less stressful.

I also introduce my new workbook, which is designed to help you move past some of those mindset blocks that can make dealing with taxes feel so heavy. Throughout our chat, I offer practical tips, like why it’s so important to have a separate bank account for your business, and how setting up just a few basic expense categories can make a big difference in staying organized.

Join me in this episode and feel empowered to take small, proactive steps with your finances so you can ditch the stress and focus on the creative work you love.

Also mentioned in today’s episode:

03:22 The Importance of Bookkeeping

07:13 Setting Up for Success: Business Bank Accounts

09:57 Mid-Year Check-In and Action Steps

Takeaways

• The mindset around taxes can significantly impact financial management.

• Bookkeeping should be done consistently throughout the year.

• Procrastination in bookkeeping leads to increased stress at tax time.

• Having a separate business bank account simplifies financial tracking.

• Every transaction needs to be categorized for accurate tax reporting.

• Doing any bookkeeping now reduces work at tax time.

• Mid-year is a great time to assess your financial organization.

• Setting up expense categories can be done easily with a spreadsheet.

• A visual guide to tax deductions can help streamline the process.

• Taking small steps now can lead to greater financial peace later.

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.

Link to pre-order my workbook, Taxes for Humans: The Workbook

Get your free visual guide to tax deductions

Check out my program, Money Bootcamp

Today, I’m sharing important details about the Child and Dependent Care Tax Credit particularly focusing on its relevance for parents during the summer months when childcare costs can be significant. I’ll share 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 it can apply to you.

Also mentioned in today’s episode:

• 01:08 Understanding the Child and Dependent Care Tax Credit

• 04:00 Exploring Summer Camp and Tax Benefits

• 11:00 Eligibility and Application for the Tax Credit

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:

VVRKSHOP, Paddy Johnson: https://www.vvrkshop.art/

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