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After starting a business and quitting your job, you quickly realize the challenges and stress involved, especially in the first year, which may result in losses. However, your situation improves as your business becomes profitable, allowing you to pay your rent and bills. Despite feeling successful, preparing for taxes reveals a harsh reality when you discover you owe a significant amount, such as $15,000. After hiring a CPA, you learn the exact tax liability is $11,000, and you need to pay quarterly estimated taxes. This process highlights the importance of understanding tax obligations as a business owner.