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Marc S. Pelletier, P.C., CPA's
666 Main Street, PO Box 326, Southington, CT 06489
Phone: 860-620-5500
QUESTION:
How can my business build a credit score?
Ask your vendors whether they report payments to business credit bureaus. If they don’t, consider doing business with vendors that do. Then review your company credit report as you would your personal report, and correct any discrepancies.
Estimated tax payments are needed if you have self-employment income because you have no paycheck to withhold tax from. Also, if you have significant amounts of interest, dividends, alimony, or capital gains, then estimated payments may be necessary. Speak with your tax professional who can let you know whether you should be making estimated payments.
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