Paying Your Taxes

As an employee of a company, you probably took it for granted that each time you received a paycheck it would be the same amount (unless you are paid on commission), and that all the appropriate taxes were withheld from your pay. For years you may have been filing your annual tax returns earlier than your self-employed friends because your returns were simple and all of your income was reported on a Form W-2. Quick, easy, and clean. You’ve come to expect a refund each year.
That’s not the way it works when you’re the boss and paying your taxes becomes your responsibility. Paying taxes can be the most painful task the newly self-employed individual faces. As a business owner, you are responsible for remembering the dates when ...

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