Metrospares
Level 1
‎September 02, 2024 06:55 PM

estimate tax payment / quarterly tax payment

Is there a version of QuickBooks that allows me to input both my employment income (W-9) and self-employment earnings, where it can automatically calculate my self-employed salary and estimate my quarterly tax payments? Or pull my info from Intuit since that's what I use for my taxes.

 

If there isn't an automatic calculation method through QuickBooks, how should I calculate my quarterly taxes if my business has irregular sales? What’s the best approach to estimate the amount due when my income isn't consistent?

 

I signed up for QuickBooks self-employed which unfortunately does not provide features to calculate my quarterly taxes due. 

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MsNorthPND18
QuickBooks Team
QuickBooks Team
‎September 02, 2024 09:43 PM

Taxes

Let me share some insights on what QuickBooks version you need to manage your business with your self-employment income and earnings, @Metrospares.

 

Yes, there's a version of QuickBooks called QuickBooks Solopreneur that can help you with one-person business. To learn more about the features offered by this version, you can check out this article: Introduction to QuickBooks Solopreneur.

 

On the other hand, you can consult your accountant or tax advisor about the amount of your estimate.

 

If you are using QuickBooks Self-Employed (QBSE) and you want to move to QuickBooks Solopreneur, refer to this article for the steps and details: Switch from QuickBooks Self-Employed to QuickBooks Solopreneur.

 

To learn more about how to run a report to get your federal estimated quarterly and federal self-employment you can check out these articles: 

 

 

If you have any other concerns please let me know. I'm always here to help.

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