I've been doing freelance graphic design work for about 8 months now and just realized I haven't set aside anything for taxes. My accountant mentioned quarterly payments but I'm not sure how to calculate what I actually owe. Should I be using different software or just doing it manually?
Don't put this off any longer - the penalties for missed quarterly payments are brutal! You need to sit down with a tax professional ASAP to figure out what you actually owe for the months you've already worked, then get on a proper quarterly schedule going forward. For calculating quarterly estimates, most people use software like TurboTax Self-Employed or FreshBooks since they'll factor in your income and deductions automatically, but honestly an accountant walking you through this once is worth every penny because they'll set up a system you can actually follow. The manual route is doable if you're disciplined about tracking everything, but given you're already behind, getting professional guidance now will save you so much stress and money down the line!
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