![]() When employed by someone else, you avoid making estimated tax payments because your employer withholds your taxes. ![]() What are estimated taxes?Įstimated taxes are the taxes you are expected to owe for the current tax year that you pay every quarter.Įssentially, you must pay taxes on your income as you earn it. Here’s everything you need to know about California’s estimated tax laws as a business owner. That’s why it is necessary to ensure that you understand your state’s tax laws and regulations. Making simple mistakes like miscalculating your estimated payments or making late payments can cost you in the long run. There are several regulations and rules that small business owners and freelancers alike must adhere to in order not to be penalized. ![]() S a small business owner, it can be intimidating to navigate quarterly estimated taxes.
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