What is the best way to set aside money for taxes?
Short Answer: Create a separate tax savings account and transfer a percentage of profit every week.
Most business owners get in trouble because tax money stays in the operating account and gets spent. A separate account creates discipline and makes quarterly payments easy.
Common mistakes:
• Saving based on revenue instead of profit
• Only saving “when there’s extra cash”
• Not separating tax money from operating cash
What we recommend: Start with 25–35% of profit, then refine based on your actual tax situation.
Still have questions?
If you’re not sure what applies to your situation, we can help.