If you are self-employed and get hit with a hefty tax bill when you file your taxes each year, you may want to revamp the manner in which you handle tax planning steps. Tax planning should involve estimating your income, saving money on a recurring basis, and seeking investment perks that could lower your tax bill. An Earnings Estimate If you are unaware of what tax bracket you will fit into, you could wind up with an unexpected tax bill amount when you go to file your taxes each year.
2 June 2022
