As a small business owner, you are responsible for both federal income taxes, employer, and self-employment taxes. An employer must withhold these taxes and pay them quarterly. Per the IRS, you must withhold and pay at least 90% of these taxes during the year to avoid a penalty. These payments are due quarterly on April 15th, June 15th, September 15, and January 15th and can be via mail or online using the links below.

https://www.irs.gov/pub/irs-pdf/f1040es.pdf

https://www.eftps.gov/eftps/

https://www.irs.gov/payments/direct-pay

If you need assistance calculating an estimate of how much you will owe, the IRS provides a Tax Withholding Estimator that can help.

https://www.irs.gov/individuals/tax-withholding-estimator

ZenBusiness offers assistance with tax filing through our ZenBusiness Money Pro package. ZenBusiness Money Pro will help you track your income, expenses and invoices. During tax season, you can use your income and expense data to file your taxes. Our partner, Taxslayer, handles the tax filing process.

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