As a self-employed individual, you must estimate your future taxes on your revenue and pay them to the Department of the Treasury to avoid a tax penalty.
Be careful, borrowing money also costs money.
You have the option of making advance tax payments on specific dates (known as provisional quarters), which allow you to avoid surcharges and, above all, to benefit from significant rebates on all your advance payments.
Take advantage of your advance tax payments at very low rates that are fully deductible. What's more, you free up cash that you can invest at a significantly higher rate than the cost of financing your advance tax payments.
Because prevention is better than cure! Especially when anticipating tax payments can sometimes lead to significant savings.
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