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darren37
Level 1

How do I use quickbooks to calculate my estimated taxes?

I'm using quickbooks pro, online. Is it possible to calculate my estimated quarterly taxes?
1 Comment 1
Adrian_A
Moderator

How do I use quickbooks to calculate my estimated taxes?

Hi darren37,

 

Being able to calculate estimated quarterly tax is a good feature. I can see how it would help your business.

 

The Quarterly estimated tax is a singular event. Since QuickBooks Online is double-entry bookkeeping, it does not calculate quarterly estimated tax.

 

I have a workaround that you may want to consider. You may download the IRS form 1040-ES. You can use it to calculate the said tax.

 

I've also added these links about tax deadlines and instructions about the Employer's Quarterly tax for more information.

 

I want you to have extra knowledge with QuickBooks Online payroll. You can visit this article about paying and filing tax forms online.

 

Let me know if you have other concerns or follow-up questions about your filing situation. I’m always here!

 

 

 

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