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Re: tax questions


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! (wink)
This is CABL.com posting #159262. Tiny Link: cabl.co/mPAU
Posted in reply to: Re: tax questions by Kablbaby
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