'Great Resignation': How becoming your own boss affects your taxes

The video tutorial explains the tax responsibilities of self-employed individuals, focusing on the need for quarterly estimated tax payments. It covers how to calculate these payments based on income and adjust them according to business fluctuations. The tutorial also highlights the importance of identifying deductions to reduce the overall tax bill and suggests consulting an accountant for better tax management.

Why is it important for self-employed individuals to manage their taxes effectively?

What are some potential deductions that self-employed individuals can claim?