Polaris Tax and Business Services, LLC

423.521.2045 (Chad)

423.521.5882 (Shannon)

info@polaristaxes.com

Many small business owners can attest; they know how to make a profit, but managing their cash flow is a different story. It may not seem as important as the “bottom line,” but proper cash flow management is one of the biggest predictors of success for businesses.

Surprised by tax laws? Join the club! 

Small business owners can find themselves in a bad spot if they haven't done their tax homework or sought out professional advice. Given the IRS's recent increase in penalties for 1099s, today's blog post is devoted to keeping you in compliance so you don't have any unfortunate (and costly) surprises.

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Not sure what exactly estimated taxes are or if you need to pay them? Don’t worry, you’re not alone! We’ll do our best to clear up the confusion.

Who Typically Owes Estimated Taxes?

Income taxes in the US are a pay-as-you-go system, meaning you are required to pay taxes on your income throughout the year (in quarterly installments) rat...

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