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lorinda-buckingh
Level 1

How can I set QBSE to pay my taxes? Do I make myself an employee? I am a 1099 self employed person. I want QBSE to calculate my taxes from the checks I deposit. Thanks.

 
1 Comment 1
JoesemM
Moderator

How can I set QBSE to pay my taxes? Do I make myself an employee? I am a 1099 self employed person. I want QBSE to calculate my taxes from the checks I deposit. Thanks.

Hi there, @orinda-buckingh.

 

You'll have to connect your bank and credit card accounts. Then estimate your income, expenses, deductions, and pay taxes on the estimates every quarter. These are “estimated” or "quarterly" taxes and you’re required to pay them four times a year.

 

QuickBooks Self-Employed helps you with your quarterly estimated tax payments and file your Schedule C along with your annual tax return (1040). Our calculations will be based on three main things:

 

  • Your self-employment income and deductions.
  • Projections of your self-employed income and deductions for the current calendar year.
  • Your tax bracket and the other tax profile info you added during setup.

For more information about taxes, I'm attaching some helpful article you can check: 

 

I’ll be around to help if there’s anything else you need. Keep safe always.

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