How to Estimate Your Taxes: My Essential Tips for Freelancers and Business Owners

12/09/2024 17 min Episodio 14
How to Estimate Your Taxes: My Essential Tips for Freelancers and Business Owners

Listen "How to Estimate Your Taxes: My Essential Tips for Freelancers and Business Owners"

Episode Synopsis

Are you a business owner, freelancer, or have income from multiple sources? I know firsthand how overwhelming estimated taxes can feel, but trust me---it's crucial to your financial health. Want to know how to avoid penalties and make the process smoother? On this episode of Become Sensible, I'm breaking down the basics of estimated taxes. I'll explain why it's necessary to pay throughout the year, the deadlines you can't miss, and what strategies you can use to avoid a hefty tax bill at the end of the year. Whether you're earning from a business, investments, or a side hustle, I've got practical advice to help you manage your taxes effectively."Financial decisions are personal, and your tax strategy should be tailored to fit your unique situation." LinksIRS: Estimated Taxes OverviewTax Planning Tips: Tax FoundationConnectFollow me, Fiona Nguyen, on LinkedIn. Learn more about Balannx. Hosted on Acast. See acast.com/privacy for more information.