Name: Wait, what are estimated taxes and do I actually have to pay them?
Uploaded: 2025-01-29T05:00:00+00:00
Duration: 21 min 3 s
Description: Are estimated taxes causing you stress as a small business owner? In this episode of the Ask Ralph Show, Ralph breaks down how estimated taxes work, who needs to pay them, and how to avoid costly pena

9 months ago

Podcasts Faith and Religion

Are estimated taxes causing you stress as a small business owner? In this episode of the Ask Ralph Show, Ralph breaks down how estimated taxes work, who needs to pay them, and how to avoid costly penalties. He answers a question from Beth, a small business owner overwhelmed by tax complexities, and offers simple strategies like setting up a dedicated savings account and using reminders for quarterly payments. Grounded in a Christian perspective, Ralph reflects on the biblical responsibility of paying taxes while encouraging listeners to practice financial stewardship. This episode will help you plan ahead, reduce tax-related stress, and answer the question, "What are estimated taxes?"

Read today’s blog article: https://www.askralphpodcast.com/blog/estimated-taxes-and-who-needs-to-pay-them/

https://www.askralphpodcast.com/what-are-estimated-taxes/

Podcast Timestamps:
00:00 Episode Overview
02:14 Listener Question: Beth's Tax Struggles
03:33 Biblical Perspective on Taxes
04:47 Today’s Gratitude Statement
06:44 Mike's Story: A Lesson in Tax Management
11:54 Steps to Manage Estimated Taxes
15:05 Call to Action
16:46 Reflection Questions
19:12 Final Thoughts