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Do I benefit from paying quarterly taxes over standard filing?
Greetings,
I am a freelancer in the film and television industry. The vast majority of my jobs are W2 payroll; however, I do tend to do invoices for 1099 income as well. My understanding has always been that if I paid quarterly taxes, I could manage my business versus personal expenses a lot easier relating to deducting my overall taxable income. However, I have been using Intuit Self-Employed for years now, though I haven't utilized the quarterly tax feature because I never saw the benefit in it. Can you help me figure out if this product is the most efficient and cost-savings way for me to manage my expenses and income over the year? I end up having dozens of 1099s and W2s by the end of the year!
Also, it's important to note that I do not have an LLC or S-Corp, and I very, very rarely "hire" a contractor to work for me.
Thanks!
Zak