Are Quarterly Taxes Necessary For You?
Keep What You Earn
English - March 11, 2024 10:00 - 14 minutes - 10.3 MB - ★★★★★ - 170 ratingsEntrepreneurship Business Management bookkeeping cfo accounting financialstrategy llc moneymindset scorp tax taxsavings taxstrategy Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
On this episode of Keep What You Earn, Shannon gets into the topic of quarterly estimated taxes. Advocating for a nontraditional approach, she emphasizes the importance of good bookkeeping and understanding how to save money for taxes. Through real-life examples and practical advice, Shannon challenges the conventional wisdom around paying quarterly estimates and urges entrepreneurs to take control of their financial planning. With a focus on tax strategy and meticulous planning, she encourages listeners to consider alternative approaches to managing their tax obligations. Tune in for a unique perspective on quarterly taxes and insightful tips for maximizing your financial resources.
What you'll hear in this episode:
03:28 Save 25-30% of profit for taxes.
08:14 Prepare for quarterly tax estimates, manage cash flow.
11:05 Realign, invest profit back, seize new opportunities.
If you like this episode, check out:
Tax Implications of Digital Product Sales
Determining the Appropriate Salary for an S Corp Owner
Everything You Need to Know About Sending and Receiving 1099s
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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.