I have a non-traditional belief about quarterly taxes - don’t pay them! That’s not actually what I mean but I’ll share what I often recommend to clients. My intent behind sharing this is not to tell you what to do but to make you aware that there are different ways to think about things. This is one of the more fun things about working in taxes and accounting. We're given a set of guidelines to follow but we get to interpret those guidelines and apply our own approach.
What you’ll hear in this episode:
[2:36] The most important thing to know about quarterly estimates.
[4:56] How do you decide how much to pay?
[9:41] Is it worth it to keep your money in your business for a little longer?
* Related episodes:
How to Hire Your Kids to Generate Tax Free Wealth
Taxes for Rental Properties with Pat Leung
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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.