Keeping our community on the cutting edge of tax, business and more.

featured WEEKLY CONTENT

What Every Business Owner Needs to Know About Estimated Taxes

The most expensive mistake a business owner can make this month is missing September 15. That’s the due date for Q3 estimated taxes, and if you skip it, the IRS charges interest on top of what you already owe. Here’s what most people don’t know: you don’t just have to write the check. With the right tax strategy, you can reduce how much you need to send in the first place. That means shifting expenses, maximizing deductions, or using contributions to retirement accounts, all perfectly legal ways to lower the number. If you own an S-Corp, LLC, or partnership, now is the time to check where you stand. The safe harbor rule says 90% of this year’s liability or 100–110% of last year’s is required to stay penalty-free. Reach out if you’d like to review your numbers and explore strategies before the September deadline.