When do I make tax payments on my business?
If you are a sole proprietor, estimated taxes are due four times a year, based upon the net profit for the period preceding the payment due date. Estimated tax payments are due April 15, June 15, Sept 15 and Jan 15. Don't forget you will also owe self-employment taxes on your net profits. Please contact a CPA in your area for more information.
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If you need help with "Business Start-ups" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.