Estimating Federal Tax Liability, it is Monday so we may as well touch on an important calculation. If you are under paying your quarterly taxes you can incur penalties and interest, and nobody wants that. I am linking below the IRS calculator for the estimations. You will need your income up to this point, this of course includes profit from your business to this point. If you need help with this message me, or email me at stonesbookkeeping1@gmail.com I would be glad to help.
#estimating #taxes #knowyournumbers