Ditching the 9-to-5 work life and starting a business can be one of the most liberating things a person can do for themselves.

Picture it: you’re choosing to free yourself of the clutches of your business overlords and work for yourself. You get to make your own hours. You get to go on vacation when you want, and you don’t owe anyone anything!

Well, hold up there.

A common mistake new entrepreneurs make is not setting aside money for their income taxes throughout the year. 

They get used to the concept of their employers deducting these taxes for them. Employees don’t have to give it a second thought. 

When you start working for yourself, it’s easy to forget that you still owe a portion of this to good ‘ol Uncle Sam.

Come tax time, you’re going to owe the government (in proportion to what you made that year). 

If you don’t have it saved up, then you’re going to be paying it out after you submit your tax return. On top of paying last year’s taxes, you’re also going to have to save up for next year’s taxes too!

Bet you’d never make that mistake again.

Kinda hard to do anything else with your money when you’re essentially double paying for tax, don’t you think?

Fortunately, we can help you plan for taxes no matter what part of your life you’re in – and help you minimize what you owe.  

If you’d like to talk with us about your options, give us a call at 513-563-PLAN (7526), or head here to book a free 15-minute consultation.