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> estimated taxes are insane, especially the payment schedule for them when you're NET 30/60 Total layman understanding here, but can you not do cash basis plu
by mindslight 8mo ago
> estimated taxes are insane, especially the payment schedule for them when you're NET 30/60
Total layman understanding here, but can you not do cash basis plus schedule AI?
- deleted 8mo ago[deleted]
- candiddevmike 8mo agoKinda, for Q2 and Q3 you're expected to pay the full amount for the quarter about a month or so before it ends. So it's less the accounting method kinda and more I haven't been paid for a month that I already owe taxes for.
- mindslight 8mo agoThe periods aren't quite quarterly though. "Q2" ends on 5/31 and tax due 6/15, "Q3" ends on 8/31 and tax due 9/15. IIUC. (I'm certainly not trying to argue that doing taxes 5 times a year isn't fucking onerous, though!)