How to Pay Quarterly Estimate and Balance Dues on Returns

By |2021-05-18T15:11:11-05:00October 28th, 2020|Categories: Transportation|

Over the course of the year, one of the most proactive decisions you can make as an independent contractor is to pay your quarterly estimates. Instead of playing the guessing game at the end of the quarter, we offer a service to provide you with the quarterly estimate amounts to pay. We encourage you to do [...]

How much to save for Quarterly Taxes?

By |2021-05-18T15:01:55-05:00October 16th, 2020|Categories: Transportation|

Hi Abe, How much should I be saving for my quarterly taxes?  Abe: I am glad you asked this important question. It is often recommended for independent contractors to save between 20-30% of their Net Profit for both state and federal taxes. As a reminder, your Net Profit is the difference between your Gross Revenue and your [...]

Abacus Problem Resolution Team: Helping with IRS issues

By |2021-05-18T14:57:01-05:00October 1st, 2020|Categories: Transportation|

You may not know the feeling of getting a letter in the mail from the IRS. It can cause you to worry and assume the worst or be unsure of what they are requesting. You may dread the next step, which is calling the IRS office, to be on hold for an hour or longer only [...]

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