Don’t miss the Sept. 15th deadline

Taxes are due on self-employment income September 15th, 2012.

There is no income tax withholding on self-employment income, but that doesn’t mean you’re not required to pay taxes during the year. Self-employed individuals generally must make quarterly estimated tax payments due April 15, June 15, September 15, and January 15 of the following year.

Please contact Simons Bitzer at (317) 782-3070 with questions or assistance regarding your estimated quarterly tax payments.  We are also discussing the need to potentially increase these estimated payments in 2013 due to the new Medicare Tax in our August Newsletter.  Visit our website to sign up for your copy.