hello friends, i was wondering if you are putting any money aside from your projects in case you need to pay some money back at the end of the year. i have started to put money aside from every project. i usually put ~15% - 20% aside so that i have some money ready in case i need to pay some money back. how do you go about it?
If they start to turn a profit I usually do, better to have the money available at tax time. Make sure you take into account your deductions first.
Absolutely! If you make any kind of profit just take out 20-30% and tax day won't be so stressful. I've been there.