Sales and used Tax Accelerated Payment

Dee_Essen · ‎January 12, 2024

We are now required by the state of Ohio to pay accelerated tax payments. The accelerated payment must be equal to at least 75% of the anticipated tax liability for that month. Being a landscaping company and mother nature being our boss on what services that can be preformed is already making it difficult to estimate the taxes. However my issue is how to we add and take the payments away in quickbooks to make sure that our taxes are correct each month. I can not find anything on how to set up accelerated tax payments. Any help would be appreciated.

SashaMC · ‎January 12, 2024

Hello Dee_Essen,

Thank you for connecting with the Community! The best steps would be to communicate with your accountant to see what would be the best steps for this. If you don't have an accountant, we offer a ProAdvisor service where you can connect with experts. They even provide a free consultation! Here's how:

Go to this Find My Accountant link.
In the Find an Expert section, choose what you're looking for, then use your search field to enter a City or ZIP code.
Select Search.
Browse through the results and find one that works best for your business. You can click on each ProAdvisor profile to learn more about them.

Please let me know if you were able to get through! See you soon.

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