First State CPAs and Associates

2 hours ago

𝗛𝗼𝘄 𝗱𝗼 𝗜 𝗲𝘀𝘁𝗶𝗺𝗮𝘁𝗲 𝗺𝘆 𝗾𝘂𝗮𝗿𝘁𝗲𝗿𝗹𝘆 𝘁𝗮𝘅 𝗽𝗮𝘆𝗺𝗲𝗻𝘁?

There’s more than one way to do it, and the right method depends on how consistent your income is.

If your income is steady, the Safe Harbor Approach may work well. That means using last year’s total tax as a guide. For example, if you owed $10,000 last year, you might pay $2,500 each quarter this year.

If your income changes throughout the year, like with seasonal or commission-based work, you may need to estimate each quarter based on what you’ve earned so far.

Because the right approach depends on your specific income pattern, a custom payment schedule can make a big difference.

DM me if you want help figuring out your estimated tax payment schedule. ... See MoreSee Less

First State CPAs and Associates

2 days ago

𝗜𝗳 𝗜 𝗴𝗼𝘁 𝗮 𝘁𝗮𝘅 𝗿𝗲𝗳𝘂𝗻𝗱 𝗳𝗼𝗿 𝟮𝟬𝟮𝟱 𝘁𝗮𝘅𝗲𝘀, 𝗱𝗼 𝗜 𝗻𝗲𝗲𝗱 𝘁𝗼 𝗰𝗵𝗮𝗻𝗴𝗲 𝗮𝗻𝘆𝘁𝗵𝗶𝗻𝗴 𝗮𝗯𝗼𝘂𝘁 𝗺𝘆 𝘄𝗶𝘁𝗵𝗵𝗼𝗹𝗱𝗶𝗻𝗴 𝗳𝗼𝗿 𝟮𝟬𝟮𝟲?

Even though you didn't end up owing the IRS for last year's taxes, you might want to consider changing your 2026 withholding.

Contrary to popular belief, getting a tax refund isn’t necessarily a good thing. It's often a sign that you’re paying the IRS too much throughout the year.

Which means you SHOULD take a look at your withholding. Especially if you’ve gone through a life change (like getting married, starting a new job, buying or selling a business, having a baby, etc).

The sooner you can get your withholding adjusted, the better. And if you need us to take a look at yours and make suggested changes, DM us. ... See MoreSee Less