Discover what MBO Partners can do for you
As a small business owner, did you know that you need to make quarterly tax payments in addition to filing your annual return? MBO Partners is here to make this simple for you. It's important to make estimated payments throughout the year to make sure you aren't charged a penalty during annual tax season.
Simplify your tax filing
We've partnered with Taxfyle, a leading on-demand, tax-preparation platform, to offer you free quarterly tax estimates and additional savings on your annual return.
Claim your exclusive discounts
From your Taxfyle account, you can claim the below discounts:
- Submit a quarterly tax job for free quarterly tax estimates (no coupon required)
- Enter coupon code MBOTAX at checkout for $50 off other tax services (including annual filing)
MBO's exclusive offers save you money, while Taxfyle saves you time.
How does Taxfyle work?
Taxfyle is a leading on-demand, tax-preparation platform that takes all the hassle out of finding the right tax professional for your specific situation. Taxfyle quickly connects you with a tax professional to give you a personalized filing experience, on your schedule.
Chat directly with the tax pro and upload required documents conveniently within Taxfyle's secure online portal. Your pro will then help you determine how much tax you owe and prepare your return.
Here's how it works:
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- Visit Taxfyle and click "Start My Taxes"
- Answer some simple questions about your tax situation
- Receive an upfront quote and enter your MBO discount code (listed above)
- Taxfyle matches you with a tax professional
- Chat and share documents with your pro, to complete your tax return
- Your pro will file your return on your behalf. All done!
Please note: a pro may not be immediately available at night or over the weekend. Don't worry-response time is usually within a couple hours and you don't need to wait by your computer in the meantime. Taxfyle will send you an email or text message to let you know someone is working on your return.
If you get stuck or need any help, Taxfyle has a handy chat feature on their main page where you can ask a question.
What are estimated taxes and why should I pay them?
Essentially, if you are in business for yourself, you generally need to make estimated tax payments quarterly if you expect to owe tax of $1,000 or more when you file your annual return.
Since sole proprietors and other small business owners do not have taxes automatically withheld from their paychecks like regular employees, the federal government relies on these individuals to pay estimated taxes on a quarterly basis. If these estimated tax payments aren't made, it's possible you could owe penalties during tax season.
The IRS has even more information on estimated taxes.
| September 1 - December 31, 2020 | January 15, 2021 |
| January 1 - March 31, 2021 | April 15, 2021 |
| April 1 - May 31, 2021 | June 15, 2021 |
| June 1 - August 31, 2021 | September 15, 2021 |
| September 1 - December 31, 2021 | January 18, 2022 |
See the IRS website for more details.
Additional tax information and Taxfyle resources
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- Taxfyle's Help Center for more information and FAQs
- Taxfyle Frequently Asked Questions
- How Taxfyle Works
- IRS information on estimated taxes
- Estimated tax due dates
MBO does not provide tax, legal, or accounting advice. MBO recommends services or firms, like Taxfyle, that may be helpful to independent workers but is not responsible for their services or advice.
MBO's referral of Taxfyle should not be used as a substitute for consultation with professional tax, legal, or accounting advisors.
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