MBO ADVANTAGE

SIMPLIFIED TAX FILING

We’ve partnered with Taxfyle, a leading on-demand, tax-preparation platform, to offer MBO Advantage members free quarterly tax estimates and additional annual savings.

Simplify your tax filing

Advantage Members have complimentary quarterly tax preparation services, a value of $70 annually, plus exclusive discounts on annual filing.

MBO’s exclusive offers save you money, while Taxfyle saves you time.

Simplify quarterly tax preparation with access to an on-demand network of accountants specializing in independent work.

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. Learn more here.

What are estimated taxes and why do you need to 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.

When to pay estimated tax

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 15, 2022

Additional tax information and Taxfyle resources

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. 

 

 

Want to learn more?

 

Want to learn more?

Discover more MBO Advantage benefits:

Business Setup and Optimization

MBO Partners will help you set up and select the optimal business structure for your independent company, taking into consideration regulatory, legal, and tax implications.

Business Insurance

MBO Partners covers you under our robust suite of business insurance policies when you work through one of MBO’s enterprise client programs.

Professional Website Design

A professional digital presence is essential to build your brand and increase your network, and ultimately fuels your pipeline to find the next project. 

Track Business Health

Leverage our partnership with Intuit QuickBooks. Track the health of your business, manage income and expenses, run financial reports, and more.

Member Network

Build better business relationships with our network of like-minded independent consulting practice owners. Benefit from curated members-only events and content.

Growth Opportunities

As an Advantage member, MBO Partners will give you exposure and promotion befitting your elite status in our talent community. 

Benefits and Medical Expenses

MBO Partners offers MBO Advantage members tax-advantaged benefits vehicles and medical expense programs. 

Business Management

Bring your book of business to MBO and receive a dedicated advisor to help with setting a bill rate, reviewing a contract, certifying paperwork, and client billing, collections, and payment.

Learning Circles

Gain access to exclusive, members-only workshops, curated quality education content, and our most sought-after tools and resources.

Team, Broker, and Scale

As an Advantage member, we will empower you to grow your business by leveraging our proprietary teaming and brokering solutions.

Compliance File & Instant Vendor Status

MBO Partners creates and maintains an enterprise-grade compliance file for your business, giving you access to work directly with top companies.

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