As far as self employment goes, my sales will be collected through Square. After deducting my monthly expenses from sales per month. I would determine how much of self employment tax to be sent directly to IRS? I'm new to this so I am trying to seek advice on what would happen if SE tax is not sent quarterly. Does that get taxed when filing during tax season?
I'm trying to gather all information needed before starting a business. Making sure I know what needs to be allocated to self employment tax.
