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Posts Tagged ‘self employment taxes’
Manage Your Quarterly Tax Payments Using These Methods
For many, tax season is not the only time to make tax payments. Those making estimated tax payments, such as freelancers and the self-employed, may be required to pay taxes each quarter of the year. The first quarter for 2016 fell on April 18, and the following quarters fall on June 15, September 15, and January 17, 2017. Not making tax payments on time can lead to penalties and interest. To manage your quarterly tax ...
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Should You Make Quarterly Tax Payments?
Estimated tax payments are not only for the self-employed. They are used to pay taxes on any income that is not subject to withholding. If you prefer ‘pay as you go’ over a once-a-year lump sum payment, you can pay taxes four times a year. Employees who have their taxes withheld from their paycheck may use estimated taxes if they have other income sources. Estimated tax is used to pay income tax, self-employment tax, and other ...
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Small Business Owners: What you need to know about Business Taxes
All businesses must file a tax return except partnerships. Partnerships are required to file an information return. If you are running a small business, you probably are a sole proprietor or a partner. Here are some of the important business taxes and filing information that you should know about. Employer Identification Number & Business Taxes If you have employees and pay wages to them, you will need an Employer Identification Number (EIN). If you have no employees ...
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