This video answers the question, How do you pay quarterly taxes as an independent contractor or self employed business owner? I get this question asked all the time, and it’s noteworthy since there is a lot of confusion on the topic. Allow me to clear up any confusion in this video.
Common questions a new business owner has is, “How do I pay quarterly taxes?” “Am I required to file quarterly taxes?” and “Who has to pay quarterly taxes?” If this applies to you, you’re in the right place. Later on, I’ll bust a common myth and explain why a self employed business owner is not required to file their taxes every quarter.
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Do you have questions about How to Pay Quarterly Taxes for Independent Contractor | Myth Busted by CPA? I’m an Illinois licensed, Registered Certified Public Accountant with over 25 years of experience. I’m dedicated to providing outstanding tax and accounting services to individuals and small businesses in the Chicago area.
Disclaimer: Any accounting, business or tax advice contained in this article, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties. If desired, I would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.