Ask a CPA: FREE Individual Tax Planning Course

Summer is a good time to check in on your finances. The year is already halfway over, which makes it easier to see what’s working and what might need attention. Maybe your income has changed. Maybe you’ve spent more than expected or fallen behind on a savings goal.

If you’re self-employed, a freelancer, or a small business owner, quarterly estimated tax payments are an important part of staying current with your federal tax obligations. Because taxes typically aren’t withheld from self-employment income, the IRS requires many taxpayers to pay taxes throughout the year instead of waiting until they file their annual return. Making timely estimated payments can help avoid a large tax bill and potential underpayment penalties.

Every couple of years, I spend part of my summer leaving the office.

That probably sounds strange coming from a CPA.

Moving into a new home is an exciting milestone, but one important task is often overlooked: updating your address with the IRS.

Summer means different things to different people.
For some, it’s beach vacations, backyard BBQs, and long weekends.

Do you own your own business? If so, make sure you are not missing this one simple deduction! If you use your car for work, your mileage could be saving you money on taxes.

Walking into your first CPA appointment as a small business owner can feel a little intimidating. You might wonder if you’re bringing the right paperwork, if your records are organized enough, or if your CPA is about to discover the “creative bookkeeping system” you’ve been using since opening day.

For self-employed individuals, freelancers, business owners, and investors, quarterly estimated tax payments are an important part of staying compliant with IRS requirements. Missing a payment can result in penalties, interest charges, and unnecessary stress. Fortunately, TaxDome makes it easier than ever to stay organized with automated reminders and client communication tools.

We know—writing a check to the IRS and State is probably not on your summer bucket list.

If you’re a freelancer, gig worker, or small business owner who gets paid through platforms like PayPal, Venmo, Etsy, or Uber, there are important tax changes you need to be aware of.