David Blair Of QuadCap Wealth Management And Estimated Payments

Online, April 6, 2011 (Newswire.com) - David Blair of QuadCap Wealth Management, LLC, recently spoke to a group of Dallas business owners regarding the necessity of withholding and/or estimated payments. An excerpt of this talk follows: "The United States tax system is a pay-as-you-go system that requires taxpayers to pay as the income they are taxed on is earned. If you are paying your taxes throughout the year through withholding, you can increase this towards the end of the year to make up any shortfall. If you are self-employed however, you must make estimate payments throughout the year." The first of these payments is due soon, and is based on 90% of your expected 2011 tax, or 100% (110% for some high earners) of your 2010 tax.

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