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How to Get Independent Contractor Quarterly Taxes Right and Avoid Penalties

Posted By ivanpw 752 days ago on Business

https://www.smbceo.com - The post How to Get Independent Contractor Quarterly Taxes Right and Avoid Penalties appeared first on SMALL BUSINESS CEO.
Independent contractors have it rough when it comes to handling taxes. While the rest of the working world has income deducted from each paycheck to cover taxes, the independent contractor is forced to figure everything out on their own.

Figuring out your own taxes can feel like working on a complicated math problem. When you get the problem right, you have the pleasure of forking over your money. When you get the math problem wrong, it means penalties, or worse.
In this article, we take a look at how independent contractors can get their quarterly taxes right.
The Situation
Independent contractors are disadvantaged from a tax perspective in several ways.…

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