Reducing your Personal Tax Installments for December
If you are paying quarterly personal tax installments and your income has decreased during the pandemic, you could be looking at a reduced tax bill for the 2020 tax year. This could mean that you don’t have to make your quarterly installment on December 15.
If you think that may be the case, please give me a call and we can do a tax projection for 2020 and see whether we can preserve some cash for you.