BerkshireCPA wrote:Maybe we are the exception, but 99.9% of clients with estimates have the estimates set for when we finish the 1040 and we do not revisit the subject again until year end planning. So if I have a 100% S Corp Shareholder who had a $350k bottom line in 2021, then I might set his quarterlies for $25k each quarter in 2022. They will make the prepared quarterly estimates for the first 3 quarters and then maybe we adjust the 4th up or down.
But we are certainly not setting estimates each quarter. And not for self employed people either.
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