New York Tax Estimation Services

Few people would describe taxes as easy or simple. However, when you are a business owner, freelancer, or anyone else who is self-employed, you may miss the days of W-2s. When you are responsible for paying your full tax liability rather than having tax payments deducted from your paychecks, the process is more complex.

That is where professional tax estimation comes in. Our New York CPAs at Roman & Associates will evaluate your income, deductions, and tax filing history. Based on this, we can estimate your tax liability for the upcoming year.

This has two important advantages. First, it allows you to ensure that you are reserving the money you'll need for taxes when filing time arrives. Few people want the stress of waiting until tax season and hoping they have saved enough money

Second, tax estimation saves you money. Delaying your tax payment until Tax Day will result in interest and penalty fees from the IRS. Professional tax estimation and making quarterly payments could save you hundreds or thousands of dollars on your year-end tax return.

Tax Estimation for Individuals and Households

Our tax experts at Roman & Associates provide knowledgeable tax estimation services for individuals. Whether you are both self-employed and receiving 1099-MISC forms or one member of your household is a W-2 employee, our specialists can navigate your tax needs.

Tax Estimation for Businesses

If a business does not accurately plan for their taxes, it can lead to serious cash flow problems as well as tax penalties. To protect your bottom line, Roman & Associates will estimate your quarterly taxes as the year progresses.

Whether you're paying taxes for your household or your business, a professional and accurate tax estimation gives you peace of mind while also saving you from pricey penalties. To learn more about our tax estimation services, call our New York CPAs today.