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.
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