R & R and Associates Blog

Quarterly estimated taxes can feel confusing, but a simple process can help small-business owners avoid surprises and plan with confidence. Who needs to pay estimated taxes? If you expect to owe tax beyond what is withheld from wages, you may need to make payments during the year. Business structure, income, deductions, and other tax obligations all affect the calculation. How to plan your payments Start with prior-year tax information, update the estimate as income changes,