<prompt> Human: Do I wait for enough money to come in in a certain quarter before I file taxes on the next? Do I just start filing quarterly even if my freelancing income is currently close to nonexistent i.e. done the work but the client hasnt paid yet? If this sounds like a hopelessly newb question thats because Im a hopeless newb at this.Edit: thank you for the advice and information, everyone. This was a lifesaver, Im so glad I thought to ask instead of just assuming on my own. What a great community!  <response>: Hi. : You might want to seek out the advice of freelancers and small business owners for details like this, but:You must pick one and stick to it you cant change it every quarter, but in your case Id say: Do the cash method.Every time you get paid, set aside a chunk of that payment for taxes for that quarter. Its probably easier for your to track than the accrual method, and your tax amount will always be dependent on money you should have in the bank. 