Many clients new to the expanding gig economy (Uber, Airbnb, Lyft, etc.) are unaware of the implications of their independent contractor status. Thus, they fail to make the necessary quarterly filings, which cover the tax liability from their earnings. Individuals, including sole proprietors, partners, and S corporation shareholders, are required make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed ($500 for c corporations). Please educate any client that requires estimated payments and inform them for an additional fee, you may assist with this service for the upcoming tax year. Clients may submit a job for quarterly estimates and request the same Pro when the time comes.