This is why you use “withholdings” on your paycheck. It’s really shitty that you have to figure out the sweet spot with that and can totally screw yourself if you do it wrong, but that’s the option we have to not let the government borrow money for free. At least as an individual and not a company. You’re kinda screwed on taxes if you run a small business.
Comapnies dont have that right. Companies are required to pay quarterly estimated taxes, and are fined if they are found to have underpaid on those estimates.
You are willingly agreeing to pay them that money ahead of time for your ease. It has always been an option to not pay it until filing season.
This is why you use “withholdings” on your paycheck. It’s really shitty that you have to figure out the sweet spot with that and can totally screw yourself if you do it wrong, but that’s the option we have to not let the government borrow money for free. At least as an individual and not a company. You’re kinda screwed on taxes if you run a small business.
Try telling that to basically any decently sized company.
Companies don’t deserve the right. They’re not individuals, they don’t even pay enough taxes as it is
My comment was asking along the lines of companies not giving the employee the choice in having taxes deducted or not.
My company offers it and we’re worth billions. I’m surprised others don’t
Comapnies dont have that right. Companies are required to pay quarterly estimated taxes, and are fined if they are found to have underpaid on those estimates.