“Taxes for creatives” could have also been the title of this episode, giving the more entrepreneurially minded the boost they need to officially launch a little business they’ve been considering. But for most folks the topic of taxes isn’t comforting, it’s straight up terrifying… even though it shouldn’t be. Today’s guest, Hannah Cole, is on a mission to create fearless folks who launch into the world of deductions, bookkeeping, tracking, tax filing, and all the other terms that strike a little fear in your heart, with full confidence. Her new book, Taxes For Humans, acts as a field manual for self-employed folks to simplify their taxes and take the bull by the horns. Topics covered today:
- Taxes can be intimidating, but understanding them is empowering
- Creatives often struggle with the business side of their work, including taxes
- The IRS is more forgiving than many people think
- Receipts, tax forms, and bookkeeping are the key three systems
- Deductions are available for ordinary and necessary business expenses
- When and how much in quarterly estimates, in order to avoid penalties
- A visual guide to tax deductions
- And much more!
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