08/28/2026
🚨 NO TAXES CAME OUT? THAT MONEY WASN’T ALL YOURS.
You completed the job.
Your client sent you $1,200.
Your account says +$1,200.00. 💰
But look again…
Federal Tax Withheld: $0.00
👀 THAT is where many side hustlers get caught.
When you’re working for yourself, your client usually isn’t an employer withholding federal income tax, Social Security and Medicare taxes from a paycheck for you.
That means YOU have to plan for the taxes.
💡 Get into the habit:
✔️ Track every payment
✔️ Track legitimate business expenses
✔️ Set aside money for taxes
✔️ Determine whether quarterly estimated payments are needed
✔️ Know your PROFIT—not just what came into your account
Some business owners use 25–30% of profit as a starting savings target, but that’s NOT everyone’s tax rate. Your actual tax situation depends on your total income, deductions, filing status, credits and other factors.
🔥 THE MONEY HITTING YOUR ACCOUNT ISN’T THE SAME AS THE MONEY YOU GET TO SPEND.
Don’t wait until April and ask:
“HOW DO I OWE THIS MUCH?!” 😳
Let’s look at it NOW.
💜💛 1 Elite Tax & Consulting Service
📍 In Person & Virtual
📞 Call/Text: 772-924-6159
🌐 1EliteTaxx.org
📧 [email protected]
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TAX PROFESSIONALS:
Are you looking for GROWTH?
We’re growing, adding new services and creating new opportunities.
Come grow with 1 Elite. 💜💛
More Than Taxes… We Build Legacies.
EDUCATE. EMPOWER. ELEVATE.
Kimberly Simpson-Paul