Taxes are as inevitable as…. other inevitable things. If you don’t plan in advance to pay all of your business’s taxes, you’ll be pulling your hair out when they come due. When you work for yourself, even if it’s just part time, you’re responsible for many taxes that your employer would have taken care of when you work for someone else. Knowing about them and making sure you’ve set money to aside to pay them when they’re due will help you avoid penalties, fines, and even legal trouble.
Federal Taxes
Maryland Taxes
Related tools/resources:
- Small business administration tax info
- SCORE.org tax resources
- IRS 6 tax tips for self-employed
- Track.tax: software to help you plan your tax payments