Simplifying Money and Taxes for Creatives with Hannah Cole
Navigating the Financial Landscape as a Creative with Hannah Cole (Artist, Tax pro, and Founder of Sunlight Tax).
Most creative brains aren’t skilled at taxes and accounting. Taxes often feel confusing, scary, and overwhelming, but they don’t have to. In the episode, we’ll share insights and advice for creatives on managing their finances and taxes.
Hannah Cole, founder of Sunlight Tax, is a tax expert who specializes in working with creative businesses and mission-driven solopreneurs. A long-time working artist herself, she’s helped tens of thousands of self-employed people skill up with accessible tax and money education, through her Money Bootcamp program, speaking engagements from Florida to Alaska, and on the Sunlight podcast.
Hannah is great at teaching taxes because she’s messed it all up, and been in the ‘bad place.’ She doesn't teach from a place of superiority or judgment, but from a place of understanding.
We discuss the importance of tax education for creative professionals. Hannah shares her journey of transitioning from being an artist to starting her own tax business. She highlights the myths and stumbling blocks that artists and freelancers often face when it comes to money.
Hannah also discusses the challenges of finding balance and setting boundaries between her artistic and accounting pursuits.
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Timestamps
2:57 The Need for Tax Education
6:05 The Challenges of Perfectionism
9:11 Transitioning from Artist to Accountant
12:09 Starting Sunlight Tax
16:35 Myths and Stumbling Blocks Around Money
19:36 The Importance of Taxes and Empathy
25:55 Growing Sunlight Tax
28:29 Overcoming Imposter Syndrome
31:07 Finding Balance and Setting Boundaries
37:51 Honoring the Season and Focusing on the Present
39:33 The Usefulness of Tax Software for Freelancers
42:23 Separate Bank Account for Business Expenses
44:14 Paying Yourself as a Freelancer
45:09 Double Entry Bookkeeping and Equity
48:31 Finding Help with Taxes and Financial Management
52:29 Hannah's Introverted-Extroverted Nature
53:13 Hannah's Art and Websites
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This podcast is your weekly Creative Companion helping you master the inner game, finish what you start, ship your work, and build a brand without yelling; because it’s not the thunder that grows flowers, but the rain.
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