The questions in the Self Employed Ask the Expert event!

Good Morning! As someone who got their interest peaked with the email that informed me of the event happening today, I would actually LOVE the answers to the sample questions listed in the original posting. As someone who is currently self employed for one business and about to start another I feel like these answers would be super helpful! 

 

  1. Why do I have to pay quarterly taxes and how can I avoid it? 
  2. How much do I need to pay in quarterly estimated taxes?
  3. I just have a side gig - do I really need to make estimated tax payments?
  4. I started a new business, how does that affect my taxes?
  5. What’s the penalty if I don’t pay quarterly self-employment taxes?
  6. Do I have to pay quarterly estimates to my state too?