Single Member PLLC Tax Planning
My wife just started a single-member PLLC in Texas. How do we plan for taxes? Do we need to pay the IRA quarterly, or do we need to just set aside money each month in anticipation of paying when we file our taxes next year? In either case, what percentage does she need to set aside? Does she also need to pay self-employment tax? And if so, on what basis and when?