1. EachPod

93 \\ Stop Overpaying Taxes: CPA Advice on Deadlines, Estimates & Avoiding Penalties

Author
Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
Published
Mon 08 Apr 2024
Episode Link
https://smallbusinessfinance.podbean.com/e/93-tax-deadlines-how-overpaying-taxes-is-costing-you-big-time/

Tax deadlines can feel overwhelming, but missing the details can cost you big. In this episode, we break down what every business owner needs to know about filing dates, estimated tax payments, and how to avoid costly IRS penalties. Learn why setting aside money throughout the year matters, how the IRS calculates underpayment penalties, and how to use Form 2210’s annualized income method to reduce them. We talk about extensions (and what they don’t cover), payment plans, and strategies for staying ahead of tax season so cash flow doesn’t get derailed. If you want practical CPA advice on managing tax deadlines without overpaying or getting blindsided by penalties, this episode gives you a clear plan to keep more of your money in your business.


 


Next Steps:


💰Pay Less in Taxes – Start Here! 💰


☎️ Are you overpaying in taxes every year?  Schedule a FREE discovery call to find out!


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