aria
New Member

Am I supposed to pay estimated quarterly taxes for my new business?

I'm an independent artist. I started my business (sole proprietorship) this year in January but I have yet to actually start my business in terms of income. I'm still sorting things out so I have no business activity yet but will hopefully soon. Am I required to pay estimated quarterly taxes this year or do I not have to worry about it since this is my first year in business? I've been doing a lot of research but I'm still really confused. If I do have to pay, how do I do it?