Re: tax questions
Member #: 16660
Registered: 1996-2001
Posted:
1135
Name:
Denise
Company:
DAZ Enterprises
Occupation:
Bookkeeper/MT/MOM/WIFE/GRANDMA/GAL FRIDAY, ETC
Location:
On top of the hill in Forestville (NY).
We used to put 30% of every weekly invoice in an account for taxes, based on our CPA's advice. He said this would cover social security tax, self-employment tax and the usual fed/state b.s. It's a bit steep of a percentage at this particular time, but when we were able to do it, we usually had no problems....guess you can kind of think of it like retainage - taken right off the top so you never miss it!
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