Where can I hold my taxes due amount until its time to file?
I know business tax is calculated on profit however If I would calculate my taxes due on profit each month where can I keep that "tax amount" while waiting to make the total payment to the IRS? Ex: Month of May income profit is $5000. estimated business tax would be 30% ($1500) where can i put the $1500 until time to pay taxes? Would like to not keep it in the business acct so that the business doesn't accidentally overspend on that money
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