Tax Management

As an independent MySquard Partner, you must report your income and expenses on your tax return.

Maintaining detailed records of your earnings and work-related expenses throughout the tax year is essential. These records will ensure accurate tax calculations and help you claim eligible deductions.

Additionally, self-employed individuals are generally required to pay estimated quarterly taxes to the IRS. Missing these payments may lead to penalties and interest charges, so staying organized and keeping up with your tax responsibilities throughout the year is crucial.