With the regular 2018 tax season over, most of us are breathing a sigh of relief, but it doesn’t mean that we can slack off! Staying on top of your taxes is a year long process, but it doesn’t have to be a stressful one.
Whether this tax season was a breeze for your small business, or it was traumatizing and you considered the white flag, we have a way for you to keep your taxes in line and out of mind!
How do you know if you need to pay quarterly estimated taxes?
If you are a sole proprietor, S-Corp shareholder, or self employed, you generally have to pay quarterly taxes.
If you will owe $1000 dollars or more in taxes, you should definitely be paying quarterly tax estimates.
Why do we pay quarterly and not just once a year?
This cuts down on penalties from the IRS. It also allows your small business to plan accordingly for four smaller expenses instead of one large yearly expense.
If you are an employee or if...
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