Skip to main content

Insights from the Fastlane

Blog

Michael DiSabatino of Sharp CFO™ offers expert insights to help you unlock your business's full potential by delivering proven strategies for maximizing tax savings, streamlining operations, and driving sustainable growth.

Reminder: Third Quarter Estimated Taxes Due - Now is the time to make your estimated tax payment

If you have not already done so, now is the time to review your tax situation and make an estimated quarterly tax payment using Form 1040-ES. The third quarter due date is now here.

Continue reading
0
  34819 Hits

Keeping the Tax Underpayment Penalty at Bay

Keeping the Tax Underpayment Penalty at Bay

With the 2013 tax year behind you, now is the time to plan appropriately to make sufficient estimated tax payments. An underpayment of estimated tax may apply if you still owe $1,000 or more in additional tax after accounting for withholdings and estimated payments made throughout the year. Remember, to avoid underpayment penalties you are required to prepay either;

  • 100% of last year's tax obligation* OR
Continue reading
0
  62363 Hits