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80/20 Rule: Use the Pareto Principle to Improve Your Finances

80/20 Rule: Use the Pareto Principle to Improve Your Finances 17

The Pareto Principle, also known as the 80-20 rule or the law of the vital few, is an observation that 80% of the effects come from 20% of the causes. I often use the Pareto Principle in my job, primarily when we work on quality or process improvement projects. A beautiful thing about Pareto is … Read more 80/20 Rule: Use the Pareto Principle to Improve Your Finances

Quarterly Estimated Taxes Due Dates, Calculation, and Late Payment Penalty

Quarterly Estimated Taxes Due Dates, Calculation, and Late Payment Penalty 33

As a small business owner, you have to make estimated tax payments to the Internal Revenue Service throughout the year (about once a quarter). This makes it easier to afford the taxes you owe rather than have a lump-sum balance due at tax time. As a business owner, I will share with you how I … Read more Quarterly Estimated Taxes Due Dates, Calculation, and Late Payment Penalty

How to Pay Quarterly Estimated Taxes

How to Pay Quarterly Estimated Taxes 38

For all the freelancers, small business owners and self-employed individuals out there, staying on top of when the estimated tax payments are due is important to help you stay within the IRS tax payment guideline and avoid penalty. Making estimated tax payments also helps you avoid financial shortfall when you file your tax returns. How … Read more How to Pay Quarterly Estimated Taxes