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    Small Business

    Question

    what is the best way to save for taxes for your small business?

    I want to take money out of my business every month to save for taxes is a savings account in the business name the best way to do that
    a few seconds ago 1 Answer

    Best Answer

    Chosen by Asker
    1) Open a savings account for your business. Interest bearing would be good. 2) Calculate the amount you need to put in every month 3) Deposit weekly on the same day, say Monday, 1/4 or 1/5 of the monthly amount, depending on how many weeks were in that month 4) At the time your taxes are due - have them withdrawn directly from your savings account - check with your bank about number of deposits and withdrawals allowed, so you do not incur fees. Did it help?
    a few seconds ago

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