To start with you need to keep in mind that you need to have enough money leftover in order to cover your taxes. In most Small-time businesses you can easily set aside 30% of the gross income in order to cover the tax payments. It has been recommended by the experts to ensure that the individual sets aside a certain percentage of their income in this manner, as this is a smart move. It is also advised to set the percentage according to your own ease, keeping in mind that it should be enough to cover your taxes, in case you save at 30%. Generally this is enough for most taxpayers, as it ensures you owe less than you save. Finally, in the above stated example, one can easily take the leftover balance and allow it to behave as though it's the individual’s own personal tax refund.