Create an Account to Save for Taxes
If you are making money in your business, then you will most likely have taxes to pay. Instead of letting your tax bill surprise you at the end of the year, start planning ahead. Create a business savings account specifically for your tax savings. This is where you put away a certain amount (~20-30%) toward your end-of-year tax bill. Or, you can pay your taxes quarterly. This is a great strategy to get ahead of your tax bill, and cruise past tax season and focus fully on achieving your yearly goals.