Don't stress about estimated taxes this weekend!

Discussion in 'General Business' started by ChrisHeggem, Jan 14, 2011.

  1. #1
    If you're a business owner the deadline for estimated taxes is due at the beginning of next week, but if you're strapped for cash DO NOT pay with a credit card. According to some insights from The Bottom Line, the IRS penalty for paying your estimated taxes late is only at the rate of 3% annually (compared to the over 14% rate of credit cards). For some companies, it might make sense for you to pay off your credit cards this week and take the lower rate from the IRS.

    View the full post here: http://bit.ly/i3Ry2q

    Don't stress out about estimated taxes this weekend if you feel stuck. Just be ready for taxes in April!
     
    ChrisHeggem, Jan 14, 2011 IP