Quarterly Estimated Taxes
At YM TAX CPA, we help individuals, self-employed professionals, and business owners accurately calculate and pay their quarterly estimated taxes to avoid penalties and interest.
Whether you’re running a small business, earning freelance income, or receiving investment returns, our team ensures you stay compliant with IRS and state requirements while minimizing your tax burden.
What Are Quarterly Estimated Taxes?
Quarterly estimated taxes are advance payments made to the IRS (and sometimes state tax authorities) throughout the year to cover your tax liability.
If you expect to owe $1,000 or more in taxes when filing your annual return — and your income isn’t subject to withholding — you are generally required to make these payments.
This applies to:
- Self-employed individuals
- Business owners
- Investors with significant dividend or capital gains income
- Freelancers and independent contractors
Why Pay Quarterly Estimated Taxes?
Making timely estimated tax payments helps you:
- Avoid IRS penalties and interest
- Manage cash flow more effectively
- Prevent a large year-end tax bill
- Stay compliant with tax regulations
Our Process for Quarterly Estimated Taxes
- Initial Consultation – Review your income sources and tax obligations
- Income & Deduction Analysis – Estimate your annual tax liability
- Quarterly Payment Schedule – Calculate and plan payments for each due date
- Ongoing Adjustments – Recalculate as needed if your income changes during the year
Recordkeeping Support – Help you track and document all payments for filing purposes
Why Choose YM TAX CPA?
- Accurate Calculations – We ensure your payments match your actual tax liability
- Proactive Planning – Avoid surprises with strategic quarterly reviews
- Comprehensive Support – Federal, state, and local estimated tax compliance
Personalized Service – Tailored advice based on your business or personal income situation
Contact Us
Get In Touch With YM TAX CPA