More Than Accounting

Estimated Payments

Posted by Rhonda Spaulding on September 22, 2008

Have you paid or withheld enough tax this year? If your income has been changing in the last year or two, it is time to review and ensure you have paid or withheld enough tax before the end of 2008.

I have found that typically people do withhold or pay enough federal tax, but it is the state taxes that seem to “getcha” at the end of the year.  If you need me to review your current tax situation, you will just need to provide the following information:

Most recent paystubs
Other income (interest, investments, business)
Estimated deductions

I can help you determine if you need to pay any additional before the end of the year and avoid those nasty underpayment penalties!

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