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Set up a tax reserve account

Set up a tax reserve account: Consulting Professional Weekly Tips
Set up a tax reserve account: Consulting Professional Weekly Tips

When tax time comes around, you'd better have cash available to pay. Set up a tax withholding savings account. Every time you receive a client payment, put an estimated tax amount directly in the reserve savings account. You'll earn interest on that money until it comes time to pay taxes. It will also ensure you don't get caught short when it's time to pay your taxes.

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Skill Level Intermediate
1h 42m
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