How much do I owe for my estimated taxes? | Tuesday’s Bag #37

Is there a way for me to know how much I owe for my estimated tax payments?

Small business owners, sole proprietors, independent contractors, generally everyone self-employed may owe estimated tax payments. Wonder how much you owe? Here's a basic understanding on how to approach estimated taxes payments and figure out what you owe.

An empowering podcast for women with simple, candid tidbits on growing your business and managing that money. To submit a question, please visit AJOY at https://bit.ly/igottaquestion

Tuesday’s Bag is a mini-podcast (podlet) offering clear #smallbiz and #microbusiness answers to important business questions. The TUESDAY’S BAG podcast is powered by AJOY, and is perfect for busy women business owners, freelancers, independent contractors, microentrepreneurs, consultants, and side-hustlers… on the go, in a short, quick Q&A format, in 5 minutes or less.

Experienced business advisor Tuesday P Brooks shares sound advice and in-depth answers to important questions about starting and running a company. Questions range from accounting, tax, and bookkeeping, to essential day-to-day understanding of running a small business.

Each episode of TUESDAY’S BAG podcast features one inquiry from actual business owners that is given a thoughtful answer. Topics include deductions, LLC, entity formation, taxes, how to pay yourself as a business owner, sources of startup funding, write-offs for your taxes, anticipating a tax bill, Schedule C, hiring employees or freelancers, applying for a loan, depositing income, using financial statements, tax liability, accounting practices, credit, checking accounts and so much more! Go here to submit your questions https://bit.ly/igottaquestion

Founder, Tuesday P Brooks, MBA is a tax professional, accountant, educator, and advisor to small businesses. https://tuesdaybrooks.com

AJOY, specializes in helping small firms with accounting, bookkeeping, tax planning, cash flow management, and successful business strategies. You can find out more at https://ajoymanagement.com/

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*Information presented here should not be construed as legal, tax, or accounting advice. No one should act on such information without retaining appropriate professional advice.*