It looks like....

Posted By: Kate on 2006-02-04
In Reply to: What % of pay should be set aside to pay taxes for an IC? - KimG

You've put the cart before the horse. Before one becomes self-employed, one should speak to a tax professional.

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What % of pay should be set aside to pay taxes for an IC? - KimG
- It looks like.... - Kate
  - That was not nice Kate. - anon
- IC taxes - sme
  - don't need to pay quarterly the first year...sm - JoV
    - and the other 8, I pay all taxes in April only...nm - I paid quarterly the first 2 yrs as MTSO....
- A good of thumb is 30%, that should cover everything. - me

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