For peace of mind, we recommend seeking a payment and billing provider that adheres to IOLTA account rules. LawPay protects your IOLTA account against third-party debiting and commingling funds—ensuring compliance with ABA and IOLTA account rules. Every state has an IOLTA program, and it’s likely that the bank where you opened your regular business checking

Calculate how much you’ll owe in income and self-employment taxes. You can use your income from previous years or take your income up to the current date and estimate the income you anticipate for the rest of the year. Any payments you make to yourself as an owner of your business are considered to be