Today, I’m chatting about a commonly missed tax deduction for entrepreneurs: cell phone and internet expenses. I’m going over why these deductions are missed and how you can utilize them to get the most out of your tax return this year.

Join me in this episode to learn how to calculate a reasonable business percentage for these mixed-use expenses so you can maximize your allowable deductions and keep more of your hard-earned money.

Also mentioned in today’s episode:

2:54 Calculating business percentage for cell phone expenses

5:50 Internet usage and business deductions

8:28 Tracking and documenting your personal expenses

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.

Episode Links:

Get your FREE visual guide to tax deductions

Check out my 2-day Business Intensive

Get my Tax Help on Substack

Order my book: Taxes for Humans: Simplify Your Taxes and Change the World When You’re Self-Employed

This week on the Sunlight Tax Podcast, I’m discussing how recent interest rate hikes are affecting personal finance and the broader economy. I’ll share practical advice for managing debt, building savings, and navigating investments in a changing economic landscape.

Also mentioned in today’s episode:

00:10 Introduction to Market News and Interest Rates

02:07 The Power of Small Cohorts in Business Programs

04:36 Announcing New Business Setup Intensive Cohorts

06:39 How the Fed Uses Interest Rate Hikes to Control Inflation

07:33 Predictions for Future Interest Rate Increases

08:19 Implications for Personal Borrowing and Debt

09:32 Opportunities in Savings and Investment Accounts

10:54 The Importance of Investing to Combat Inflation

12:10 Promoting the Business Setup Intensive Program

13:21 Actionable Steps for Financial Health and Growth

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.

Episode Links:

Check out my 2-day Business Intensive

My upcoming in-person workshop with The Art Students League of New York

Get my Tax Help on Substack

Get your FREE visual guide to tax deductions

Order my book: Taxes for Humans: Simplify Your Taxes and Change the World When You’re Self-Employed

This week on the Sunlight Tax Podcast, I’m diving into tax deductions for freelancers and small business owners. I’ll walk through the IRS rules you need to understand, plus how setting up simple automated systems can help you capture more legitimate deductions, save time, and take some of the stress out of tax season.

Also mentioned in today’s episode:

00:10 Introduction to Business Deductions and IRS Rules

02:04 The Importance of Documentation and Automation

03:54 How to Track and Deduct Business Travel Expenses

06:07 Understanding Mixed Use Items and Partial Deductions

08:00 Examples of Deductible Expenses and Personal Travel

10:12 Resources for Learning and Setting Up Deduction Systems

12:13 The Benefits of Proper Deduction Planning

13:57 Details of the Sunlight Tax Intensive Program

14:52 Encouragement and Final Tips for Business Owners

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.

Episode Links:

Learn more about the Intensive

My upcoming in-person workshop with The Art Students League of New York

Link to join the First Official Cohort (9/23 & 9/24). Investment is $1850

Get my Tax Help on Substack

Get your FREE visual guide to tax deductions

Order my book: Taxes for Humans: Simplify Your Taxes and Change the World When You’re Self-Employed