Service Description

Starting a new side hustle or a full-time sole proprietorship? If you have a new gig and taxes are not being withheld from your pay, you may need to make quarterly estimated tax payments. The federal government requires all taxpayers who expect to owe more than $1,000 on their tax bill, to pay quarterly estimated taxes. If you opt out of doing so, an underpayment penalty will be assessed at the time of filing. The state of MA will assess an underpayment penalty if your tax due at the time of filing is greater than 20% of your total income taxes for the year. Existing customers: Provide new job details including pay amount, pay frequency, and expected annual income. New customers: Provide last year's tax returns, and new job details including pay amount, pay frequency, and expected annual income. Once I have your information, we will have a brief conversation around what you would like your bottom line to look like. I will then take things offline to run the numbers and will provide amounts, payment options, and next steps within 5 business days.