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

  • Sep 12 2024
  • Length: 18 mins
  • Podcast

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

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  • Summary

  • 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."


    Links

    • IRS: Estimated Taxes Overview
    • Tax Planning Tips: Tax Foundation


    Connect

    Follow me, Fiona Nguyen, on LinkedIn. Learn more about Balannx.


    Hosted on Acast. See acast.com/privacy for more information.
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