Tax Preparation for Small Business Owners & Freelancers
Tax preparation for small business can be stressful - is your business setup in an optimal way? How do estimated taxes work? Are you paying enough into a retirement fund? How do you handle employees & contractors? These are questions we help small business owners with every day!
Estimated Taxes vs. Year End Taxes
As if end-of-year taxes aren't stressful enough, there's a good chance you should be paying estimated taxes on a quarterly basis throughout the year. What are estimated taxes? They are an estimation of your annual taxes - divided in bite-sized chunks - to pay the IRS at certain intervals during the year. The worst part is that if you don't make these payments, chances are you could receive a penalty fee come April 15th. It's important to speak to an accountant as soon as possible if you aren't yet paying estimated taxes as a small business owner or freelancer.
Brett Loe | Google Review
One of Many 5 Star Reviews
“Toni with TL;DR Accounting is absolutely amazing. Her answers to my digital goods taxation questions were clear and concise, not to mention very timely. I’d recommended her to my friends and family with no hesitation and know they’d be in good hands. She’ll continue to be apart of my team for a long time.”