AboutRichard Fritzler Expertise I am in the business of tax planning for business owners. Our company helps business owners structure so that they can be reduce the taxes that they owe, making them far more profitable.
Experience Since 1986 I have been helping successful business owners reduce taxes, protect assets, and limit their liability. The company is Owelesstax, incorporated at www.owelesstax.com
Organizations National Small Business Owners Association.
Nevada Association of Listed Resident Agents.
Citizens Legal Association
The Business Owners Institute
Publications Contributing author to "The Corporate Standard Newsletter".
I am also a writer for an email newsletter about business
Googlegroups/Successfulbusiness
I am also an Expert in the areas of Tax Law, Retirement Planning, and Estate tax issues.
My last day at the corporation I work for will be 10/30/09. I will then be self-employed from 11/1 until probably mid-March 2010 working on a contract job. Do I have to pay the quarterly taxes on 1/15/2010 or can I wait until 4/15/2010? I'm reading info online and there is a sentence on a site ("you usually have to pay estimated tax in 4 installments, starting on 4/15") which makes me wonder when I need to start paying quarterly taxes.
Answer That statement is made based upon the assumption of a January 1 start date. You are starting before Jan 1 so your quarterly would be before April.
That quarterly payment is going to be big. Not only do you have to do the income tax withholding, you'll also be paying the Self Employment tax which is an additional 15.3%.
What happens after March 2010?
If I knew that, I could make some suggestions that in addition to saving you taxes overall could also reduce or eliminate the quarterlies for 2010.
