39. Taxes 101 for Creatives, Small Business Owners & Freelancers with Pretty Penny Accounting

Today we’re chatting about another necessary evil of creativity and that is, dun dun dun… Taxes. I feel like if there is one thing that creatives universally dread, it’s filing taxes. And while it’s still pretty early in the year, there are a lot of things to start working on now to make taxes easier as a small business owner or freelancer, so I wanted to bring back one of my favorite guests, Ashley from Pretty Penny Accounting.

Ashley previously joined the podcast on Episode 16 to share her tips on budgeting with a fluctuating income and how we can manage our finances and bookkeeping with an untraditional salary. Today Ashley is back to share her tips for taxes and tax prep specifically for creatives.

We talked Tax Filing 101, write offs, 1099s and Schedule C’s, paying quarterly, sales tax, how to keep information organized and what information to be tracking throughout the year, how to deal with overwhelm, and how to know whether taxes are something you can handle on your own or if you might want to hire someone to help.

Loved this conversation and in case you miss this at the end I wanted to just reiterate here because I think it’ll help a lot: Ashley does a weekly Q&A on her Instagram @prettypennyaccounting every Monday, so she is a really great resource to follow and ask any of your quick accounting or tax questions and just follow along what other people are asking. She’s someone who really understands both the creative small business side as well as of course the accounting side, so she and her firm are a great resource to check out if you still have questions after this episode.

Follow Ashley: @prettypennyaccounting

Pretty Penny Accounting Pricing Guide HERE

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