How can a handyman avoid surprise tax bills?

Q: How can a handyman avoid surprise tax bills?

Direct answer: Unexpected tax bills happen when profit isn't tracked monthly. Practical steps Track profit monthly: Not just cash flow. Set aside taxes: Percentage-based. Adjust quarterly: As income changes. Next step: Set a monthly tax set-aside rule.

Question

Accepted Answer

Direct answer: Unexpected tax bills happen when profit isn't tracked monthly.

Practical steps

Track profit monthly: Not just cash flow.
Set aside taxes: Percentage-based.
Adjust quarterly: As income changes.

Next step: Set a monthly tax set-aside rule.