Earlier this year I dived into the world of contractor services. I transitioned at the company I worked for as an Employee to a contractor, in a fairly minor capacity, 8hrs a week. I'd like to make sure I don't end up with some big tax bill come tax season. Someone told me I could pay taxes on that contractor salary, quarterly. Is that the case? Should I be doing that? Where in the world do I start? How does this work in conjunction with my FT job, of which I will do taxes for during tax time, like normal. I take extra out each pay period to make sure I don't end up paying anything/get a nice little refund.
If paying this quarterly is best practice, does TurboTax offer any services to sort of get me started with this?
Thanks!
