InvoiceBerry Tips for for Freelancers & Small Businesses 7 Small Business Accounting Hacks for Success | Page 8

5. & Know the Deadlines
You should never be late in filing your taxes, so first consider:
• tax liabilities (tax returns and bills) cannot be overlooked
• in order to file returns, you need good record keeping
• don’t pay the annual lump sum for your taxes
• instead, project future taxes and pay throughout the year
Following these steps will help you to not just have good
knowledge of your tax responsibilities, but also to take care that
you meet deadlines and pay fully.