08/28/2026
You've probably heard that "the U.S. has a pay-as-you-go tax system", kay cool, but what does that meaaan?!
When you're an employee, your employer withholds federal income tax from your paycheck, which generally satisfies the IRS's desire to get paid as you make money (that is, if you fill out your W-4 correctly).
But when you're self-employed, that responsibility to pay your taxes throughout the year falls on you in the form of estimated taxes! ๐ซต
These are due ~roughly~ every quarter, and your accountant can help you determine how much you should pay to avoid penalties + interest.
P.S. That isn't your only new responsibility if you're self-employed... you've also got to worry about self-employment tax now. ๐ฅด
These two things are just the tip of the iceberg on why I recommend that entrepreneurs work with a qualified accountant.
https://calendly.com/ckbus