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Tina Azarvand, a Maryland Tax Attorney, offers important details about estimated tax payments for independent stylists and salon owners. Explaining the importance of quarterly payments to cover income and self-employment taxes, the article highlights who needs to make these payments and offers tips on calculating and setting aside funds. The article tries to equip salon professionals with the knowledge and skills necessary to manage their tax obligations and steer clear of IRS problems by offering guidance on using resources such as the Electronic Federal Tax Payment System (EFTPS) and avoiding underpayment penalties.
Check out this article from Salon Today!