Can you pay Estimated Quarterly taxes - ... or does your home business have to make a certain amount of money before you can do that? Have any of you paid quarterly? And if so, how do you determine what you will have to pay? Thanks for any advice.
Hi, Sorry for my english, I'm better in french. If you are a registered companie, not Ltd or Inc. you don't have to paid your Quarterly taxes (income taxe). You only paid when you do your yearly T1 Habitually, a big company paid "impot provisionel"(french) each month or quarterly and they often compare with the last year to find the amount to paid. exemple: if in 2005 they paid 12000 in tax, you divide by 4 = 3000.00 quarterly. I hope its help you
