Nobody told me about quarterly taxes.
Or maybe they did—and I wasn’t listening because I was too busy “running a business.”
Either way, I got hit with a tax bill I wasn’t ready for. More than once.
The IRS doesn’t care how hard you worked. They don’t care that you reinvested everything. They want their cut—on time, every quarter.
There are strategies to make this less chaotic, and you should absolutely consult a CPA about your specific situation. But here’s the simple truth:
If you’re doing any work where you’re not a W-2 employee and you’re filling out W-9s, you owe taxes. Paying quarterly just helps soften the blow at the end of the year.
Now, I set aside 30% of every payment before I even think about spending it.
It’s the boring side of business—but trust me, it gets exciting for all the wrong reasons if you don’t plan for it starting in January.
I’m still paying for not knowing this early on.
Do you know if you owe taxes? Let's talk about it.