If you are a small lawn care business owner who makes quarterly estimated tax payments, don’t forget that your payment should be postmarked no later than 6/15.
Make Estimated Quarterly Tax Payments On Time
Making appropriate estimated tax payments greatly reduces your chances of surprises when the fiscal end-of-year tax due date comes around.
Lawn care business owners (especially new business owners) are often surprised at tax time when they calculate how much tax is owed for the entire year.
Making quarterly payments helps take the sting out of a huge bill at the end of the year.
Quarterly tax payments has a few unintended beneficial consequence too:
1) They force business owners to keep their books up-to-date.
2) They help small business owners keep tabs on how well they are doing through the year. If goals are not being met, business owners can step up their game.
Here is an IRS publication which explains quarterly estimated tax payments: