Here is the deal.
As a small business owner, we are responsible for paying taxes. Yeah you know that stuff that comes out of your paycheck each week?
It sucks, but it is a fact of life. Something like death and taxes……
A best practice is to keep 30% of all PROFIT for taxes.
Well if you do an estimate in regards to taxes, you are going to pay around 20% of your profit in taxes. The recommendation is to save 30% to encourage you to save an extra 10% in savings.
Now, how do you automate this process?
I found a new little tool that makes this so much easier.
It’s called Qapital.
I stumbled across this little tool the other day and I love it.
Why am I posting this link?
Well. If you sign up through it, you will get $10 with your first deposit (and I will then get $10).
There are two different things that I love about this app:
- I have a rule set up that is referred to as the Freelancer rule. It sets aside 30% of all deposits over a certain amount. This allows me to not worry about setting this aside and makes sure I have this when it is time for taxes.
- I also have that fancy little weekly savings thing set up. Like the one shown below:
Now….Want a free $10? Sign up below: