34: Bestie Bites - Understanding Taxes with Expert Tips from Michelle

Send us Fan MailCurious about how to navigate the complex world of small business taxes? Learn the essential strategies for managing your quarterly tax payments effectively. Join me, Michelle, as I unpack the intricacies of different tax obligations—federal and state income taxes, withholding, sales, and even local taxes like those in Fayette County, Kentucky. I share my expertise as a co-owner of Cultivate Accounting, offering a practical guideline of setting aside around 30% of your income for quarterly tax payments while highlighting the critical importance of personalized professional advice. 👩‍🏫💯Understanding your tax duties can be daunting, but it doesn't have to be. Let me guide you through distinguishing between various types of taxes to ensure you're not caught off guard. Discover the resources available through the Small Business Bestie website and how Cultivate Accounting can connect you with experts ready to tailor their advice to your unique business needs. Whether you use a payroll service for withholding or manage your own sales taxes, this episode aims to equip you with foundational knowledge to keep your small business on the right track. 💪🩵🧡🩷Check out the Small Business Bestie WebsiteFollow along on the Facebook or InstagramJoin the growing community on Facebook