DALLAS, TX, April 08, 2011 (Press-News.org) David Blair of QuadCap Wealth Management, LLC, recently spoke to a group of Dallas business owners regarding the necessity of withholding and/or estimated payments.
An excerpt of this talk follows: "The United States tax system is a pay-as-you-go system that requires taxpayers to pay as the income they are taxed on is earned. If you are paying your taxes throughout the year through withholding, you can increase this towards the end of the year to make up any shortfall. If you are self-employed however, you must make estimate payments throughout the year."
The first of these payments is due soon, and is based on 90% of your expected 2011 tax, or 100% (110% for some high earners) of your 2010 tax.
We started QuadCap Wealth Management, LLC to focus on a highly personalized comprehensive counseling program that is driven by dedicated personal service. Our firm provides in depth comprehensive financial counseling that covers all areas of your financial affairs, such as employee benefits planning, tax planning and preparation, asset allocation strategies, estate planning and wealth transfer strategies, as well as risk mitigation strategies.
Website: http://www.quadcapwm.com
David Blair of QuadCap Wealth Management and Estimated Payments
David Blair of QuadCap Wealth Management reminds business owners that estimated payments are due soon.
2011-04-08
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[Press-News.org] David Blair of QuadCap Wealth Management and Estimated PaymentsDavid Blair of QuadCap Wealth Management reminds business owners that estimated payments are due soon.