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Money and Finances
Reply to "DH is a new big law partner and I have no clue how to budget "
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[quote=Anonymous][quote=Anonymous]For my final estimated quarterly tax payment last year we were anticipating something like 40k-50k, based on our accountant’s projections. He popped up several days before the due date and said we should pay $250k+. Insanity. We did have a massive year and some unexpected income, but even with that it’s clear he just had us underpaying throughout the year. Moral of the story: find a really, really good CPA who understands your firm’s approach and documents. [/quote] How is that even possible? Did your paycheck change month to month? Was the bonus or monthly distribution wildly huge compared to what you thought? My husband has a certain set paycheck each month. We just save 40% each month. And then also save 40% of any distribution he gets. [/quote]
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