nun
Thinks s/he gets paid by the post
- Joined
- Feb 17, 2006
- Messages
- 4,872
I'm thinking of doing some consulting as a sole proprietor. It will be very simple with very few expenses and I will just bill for at a hourly rate. I will open a separate business bank account for convenience and keep track of income and expenses and generate invoices with Quickbooks.
My question is how should I calculate and pay estimated taxes. I currently use Turbotax Premier to do my taxes as I have a rental property. Can I buy a turbotax product and use it to estimate my current federal and state employment taxes?
My question is how should I calculate and pay estimated taxes. I currently use Turbotax Premier to do my taxes as I have a rental property. Can I buy a turbotax product and use it to estimate my current federal and state employment taxes?