Quote:
Originally Posted by GH85Carrera
Since I have a business that is a LLC, I have to estimated (guess) what profit and loss we will have for a year, and make quarterly tax payments. We had a couple of "whale" jobs last year, and had a great year. Trying to guess how many expenses, and the depreciation for the equipment will add up to I did my best guess. I ended up overpaying overall. That is better than a large tax bill due at the end of the year. The whale jobs meant a nice checkbook balance, and very liquid assets. Now we want more whales!
|
Haven't done estimates for several years. I figure I can make more with my money than the interest costs for not filing quarterly. Plus, they don't give me interest on the money they'd send back if I overpay.