Should you pay quarterly estimated taxes?

Are quarterly estimated taxes really worth the hassle? In this video, Christopher Small from Big Bird Accounting explores the ins and outs of paying these taxes. Learn when you’re required to start paying, how much you should set aside, and

How I plan for paying my law firm income taxes.

This is how I plan for paying my annual law firm taxes. Even with the best tax strategies in place, business owners will still have tax liabilities. The key is staying ahead of it by setting aside money regularly, rather

Should law firm owners pay quarterly estimated income taxes?

For me, the answer is… kind of. 🙂 Here are my thoughts. Read below if you don’t want to watch. I don’t really believe in paying law firm quarterly estimated income taxes. At least not all the way. For example,

How a Law Firm Owner Preps for Income Taxes.

Law firm owners should prepare for their income taxes just like any other business owner should. 1. Have an up to date P&L. 2. Review said P&L monthly. 3. Use the info from the P&L to calculate income tax liability