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New business

Just started my cleaning business and landed a good account. Quickbooks looks to be great at estkmating my quarterly taxes to pay but my question is does that involve state taxes also? I live in ohio and was wondering about state taxes. Any help would be appreciated thanks

 

mike

2 Comments
Established Community Backer ***

Re: New business

no, as I understand it that is federal income tax only

best option IMO is download the 1040-ES from the IRS, the worksheet and instructions are included

 

QBSE does not do sales tax either

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Community Contributor **

Re: New business

I would recommend talking to an Ohio CPA to help estimate those taxes then I would set up a separate savings account to save for taxes. Same for sales taxes if applicable to your business type which may be monthly, quarterly, or yearly depending on your sales volume.

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