As part of Small Business Week, LR Tax & Accounting Services wants to remind all small business owners and self-employed individuals that you can avoid surprise tax bills, and a potential penalty by making estimated tax payments during the year.
National Small Business Week falls on May 5-11, for the 2019 year; the week is dedicated to recognizing the important contributions of this country's entrepreneurs and small business owners.
By law, every person must pay tax as they earn income throughout the year. Estimated tax is the method used to pay tax on income not subject to withholding. For small business owners and self-employed individuals, that means making quarterly estimated tax payments as earned or if you receive income during the year. You nee