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FAQ

How do I pay quarterly estimated taxes online?
Go to: Payments | Internal Revenue Service to find options for online payment.
How do I pay my estimated tax online?
Use Direct Pay at Tax Information
Can I pay state quarterly estimated taxes online as a self-employed business owner?
Yes. Create an account at EFTPS.gov online to schedule and track payments and ensure they are paid on-time and accurately to the right period and from the correct account and not misapplied to someone else’s account.
How do self employed people pay taxes? (Is it all at once, as they go etc.)
In the USA, you absolutely pay your estimated taxes quarterly to both the IRS and your state’s department of revenue. Estimated taxes are usually determined by either 100% of your last year’s tax or at least 90% of your expected taxes.It is always safer to pay 100% of last year’s tax as estimating, especially for a self employed person would be too hard and imprecise. Underestimate and you will end up paying a penalty. Overestimate and you will be giving an interest free loan to the government.If you are registered as a S-Corp type LLC or C-corp and pay yourself a salary (which is a Q/A on its own), it is a bit more complicated as you would need to run a payroll (monthly, quarterly, etc), and pay various federal, state, and local taxes. You can take dividends at any time. You still pay estimated taxes on your personal tax account (at 100%/90% rule I mentioned above) based on salary plus dividends you are receiving from your business.IRS has great and oretty easy to undsrstand online resources. Estimated Taxes | Internal Revenue ServiceFor your state, google [your state] department of revenue estimated taxes.IRS also has a video here:If you are comfortable with filing taxes electronically, your life will be much easier if you use online tax services, as it will help you not only calculate your estimated taxes, but also help you set up automated payments that you set once for the entire year and will get paid directly from your account quarterly for the whole year. Not an endorsement but I personally use TaxAct. Have previously used TurboTax as well.Disclaimer: I am not an accountant or a tax professional, and you should seek advice from your tax advisor.
What is the best software or online service for filing self-employment taxes electronically? Particularly, is there a free one?
I agree with Mark Rigotti you pay in SE tax as part of your estimated tax payments and I would add that you calculate SE tax when you calculate your individual income tax each year on form 1040.So if the question is paying estimates Welcome to EFTPS online is your only free electronic option. If calculating SE tax is your question, there are free 1040 tax filing options, but I am not aware of any free ones that will include a Schedule C business.No offense, but you a business owner not knowing that tells me you are a prime candidate for someone that could benefit from the help of a US tax professional.  My guess is you will save more in lower taxes, interest and penalties than the fees it costs you seek professional help with your tax return.  I don't say that to question your abilities, it is just that I have done this work long enough and seen enough small business owners just like you who were overpaying their taxes by thousands of dollars, that I can usually spot the ones that need help just by their initial tax questions.
Do freelancers have to pay tax?
In the UK, You must declare all income that is not already taxed at source. Be aware that HMRC are very hot on catching freelancers or traders those are earning money and not declaring it to HMRC. As a freelancer, if you are paid via a payslip (PAYE) and tax is being taken “at source”, you might not need to do anything. It is different, however, if you’re a freelancer, as freelancers are usually paid gross income and therefore it is your responsibility to make sure you do your own tax return, calculate the correct tax, and pay HMRC by the deadline. Now, seeing as this whole exercise is somewhat cumbersome, you like hundreds of other taxpayers can probably use the help of an accountant.In order to work out the amount of tax you need to pay there is a raft of rules, reliefs, and exemptions, which you might misinterpret, miss out on, or miscalculate, but which an accountant can work out for you, and help reduce the amount of tax you will have to pay as well.Remember, anyone who thinks they can get away with not paying tax or not filling out a self-assessment tax return (SATR) for income not already tax at source is seriously misguided. That you can get away without paying tax or “disguise” income is a myth. To this end, HMRC’s ability to snoop into your online transactions, bank accounts, and all other personal records are boundless.If you start working freelance, most likely you’re classed as a sole trader. This means you’re self-employed and you must inform HMRC at the earliest opportunity that you are a freelance or self-employed and register for self-assessment, in order to declare all your income that’s not already taxed at source. You do this on a self-assessment tax return (SATR). This is the same, even if you have a full time job where you are taxed at source as well as doing freelance work.You are freelance, self-employed or a sole-trader if you:Work for yourselfHave several customers at the same timeAre able to decide how, where, and when you do your workHire other people at your own expense to help you or to do the work for youProvide the main items of equipment to do your workAre responsible for finishing any unsatisfactory work in your own timeCharge an agreed fixed price for your workSell goods or services to make a profit (including online on via an app).From 6 April 2021. the money you can earn before paying income tax (called the Personal Allowance) is £11,500 (up £500 from 2016). But you must still report all your income and pay national insurance and income tax on self-employed income, and you should report all income above the stipulated allowances.As a freelancer, you and you alone are responsible for ensuring the correct amount of tax and national insurance is paid by the deadline (31 January in each tax year). And you must make sure you have the money to pay your tax and NI when it’s due, or you will be hit by penalties and fines that grow the longer you leave paying them.These are your responsibilitiesYou’ll need to:Keep records of your business’s sales and expenses (and hold on to them for at least six years)Send a Self Assessment tax return every yearPay Income Tax on your profits and Class 2 and Class 4 National InsuranceYou can use the HMRC calculator to find out how much you are likely to have to pay in tax and national insurance.It is not a legal requirement to run a separate business bank account, but it is advisable to have a bank account that is separate from your personal bank account.What MUST YOU DO as a freelancer, self-employed or sole-trader?You must pay tax on business profits (see the thresholds here);You must pay class 2 National Insurance contributions (NICs) at £2.85 per week (unless you earn less than £6,025 per year);And you must pay class 4 NICs on profits over £8,164 at 9% up to £45,00, and then 2% thereafter.The amount of income tax and class 4 national insurance contributions you pay will depend on the information you provided in your SATR.Do you need an accountant?Some freelancers use an accountant to do their accounts and submit their self-assessment tax return to HMRC. These freelancers tend to benefit from an accountant knowing exactly which expenses are allowable and can be offset against tax, and be 100% certain that they are getting all the allowances and benefits they are due.In addition, an accountant will avoid costly mistakes and errors. So while it may seem cheaper to do your own accounts and file your own SATR, it’s likely an accountant will save you time and save you money in taxes, which will add up to a lot more than what you pay in accountancy fees. Also remember that accountancy fees are an allowable expense!
What is the form I need to send in with my quarterly estimated tax payment?
[US tax perspective]Assuming you are referring to federal income taxes in the US, the form you’re looking for is 1040-ES.Estimate payments are due April 17, June 15, September 17 and January 15.You may download the necessary forms and instructions here https://www.irs.gov/pub/irs-pdf/...You may also make your estimated quarterly payment online IRS Direct Pay
Android app sales tax need to be filed by developers?
I'll answer your questions within the a more general answer of setting up a business in the USA.  I am an app developer with no accounting experience, so please use this advice as a starting point only.State Registration:You will need to get a business license from your state.  These business licenses are typically very easy. When applying, I recommend looking into a "Limited Liability Company" if your state has the option. With this business type, your personal assets are protected like a corporation (hence "limited liability").Federal Registration:If you plan on hiring employees, you also need to apply for a federal employer identification number (EIN).  This isn't difficult either.  A Sole Proprietor with no employees can file federal taxes under their SSN instead of a federal EIN. There is no LLC at the federal level, so if are a "Sole Proprietor LLC" at the state level then you are just "Sole Proprietor" at the federal level.Collecting Sales Taxes:After setting up your sales taxes in Google Checkout, the taxes will be automatically added when the BUYER is in your state.  That means only a small percentage of your sales qualify since most buyers will be in other states or other countries.Pay Sales Taxes:In most states you'll be able to pay your sales taxes online after getting your license.  If your state allows paying sales taxes annually instead of quarterly, make sure to ask for that option.  The small quantity of sales within your state usually don't make it worthwhile to pay quarterly.  At the end of each quarter or year, you can download the sales reports spreadsheets from google and add up the sales within your state.Business Bank Account:Unless you want to do everything as Sole Proprietor, you'll want to get a business bank account using your new business license.  Credit Unions often offer free business accounts.  The LLC option pretty much requires you to open a separate bank account because there is supposed to be a clear separation between you and the business finances.  If a business bank account is problematic, at minimum use a separate personal bank account. Otherwise, the LLC won't protect you and you might as well file as Sole Proprietor.Estimated Federal Income Taxes:If your income is substantial enough, you'll also need to setup an online account for paying estimated federal income taxes.  However, if you have a day job, you can simply ask your employer to withhold an extra amount each month to cover your app sales.