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Avoid Big Tax Bills: Set Money Aside Weekly #shorts

23 Dec 2025 · 1 min

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1:03

A short YouTube video by Bob Gauvreau advising early-stage business owners to avoid unexpected year-end tax bills by proactively setting money aside for taxes (preferably weekly, at minimum monthly). He explains the common mistake of reinvesting tax-collected funds and recommends making regular tax installments to prevent cash-flow problems, ending with an invitation to contact him for questions.

Chapters

One of the biggest mistakes that I see, especially on in early on businesses, is that we're going along, we're collecting all this money, we're collecting sales tax, we're not paying tax along the way, we're maybe buying inventory or reusing that money to essentially reinvest in the business. And then we come to the end of the year and we have a big tax bill, one that we weren't necessarily expecting and it may put you in jeopardy from a cash flow standpoint. We want to avoid this at all costs. Not all people want to pay the government up front, but if you want, we can start putting this aside up front. Here's what I recommend. So for me personally, I actually make a tax installment weekly on my personal taxes. Why? So that I don't have a bill owing at the end of the year. So if you're interested and you're proactive in looking to plan your tax bill out, make sure you start setting aside money up front on a weekly basis, at least on a monthly basis. Hopefully that's super helpful. If you have any more questions about that, make sure to reach out.