What Are Estimated Taxes and How Do I Pay Them

Send us a text What is the most crucial for every business small business owner out there? In this episode, we discuss estimated taxes, where you’re a W2 employee, your taxes are calculated and paid by your employer, or as a business owner, it’s up to you to make sure you pay your own estimated taxes quarterly to cover federal and state agencies. This is because the US tax system is a pay-as-you-go system where taxes are owed on earnings as they are earned. What happens if you don’t pay e...