Hi, I want to thank you for your help to the community about how to get through the tax, it's well organized and a great contribution, keep doing the hard work, able to help you in any advice or experience I can share with you or people here, best!
Just a comment, the estimates are based on the prior year profitability, so you will pay quarterly amounts based on what you made in 2022, this will give you the basis for 2023 quarterly estimates.
I just dont understand none of this because I havent paid taxes in years.! So I took on a 1099 job and I need to pay taxes on what ive already made but i am completly lost... So where on the irs page can I just make a one time quarterly payment on what ive already made since i have no clue as to what I will make on the next quarter.? I hope I can get an answer from someone on here before sept 15th.! I need to get this done quick
Hello Morgan! I found your channel and have been watching them. Also subscribed! Thanks so much for the honest and clear instructions. Your videos are very efficient. Good job! I have a question not related to this topic but can be very helpful to other QB users too. Question... If I have a vendor (eg US Food) that I consistently buy from and split into many categories, eg, beverage, paper products, frozen goods, Vegetables, etc). Is there a way to memorize all these splits so I do not have to reenter them every time? I have experience using Quicken software, and it allows transaction with memorized splits. It makes data entry very quick. Thanks again for your teaching.
Hey! Thanks for following! Morgan believes QB should be able to remember how to break up and categorize the purchase into items bought. She has not had experience in doing this, but does believe it's possible. Krista (FinePoints Admin)
@@FinePointsBookkeeping You are right! Just select the same Vendor name and the split was memorized from the last transaction. I have tried that before but not successful. Maybe account settings? It works on the Sample company. Thank you!
Glad you file taxes annually whether the business makes money or not. After you file, the IRS has limits how far back they can audit the business. If you wait until the company makes money, you may expose the business to tax and expanded audit.
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You are a big help. So glad to find your channel!
Hi, I want to thank you for your help to the community about how to get through the tax, it's well organized and a great contribution, keep doing the hard work, able to help you in any advice or experience I can share with you or people here, best!
Thanks so much for watching and for your thoughtful comment!
Yes please please make a video on owners draw and how to apply that as equity not expense...I am so confused. lol
Do you use gross income on sales tax? Thank you, your chanel has been a lot of help.
Just a comment, the estimates are based on the prior year profitability, so you will pay quarterly amounts based on what you made in 2022, this will give you the basis for 2023 quarterly estimates.
Yes, this is correct! Thanks for sharing.
Krista (FinePoints Admin)
I just dont understand none of this because I havent paid taxes in years.! So I took on a 1099 job and I need to pay taxes on what ive already made but i am completly lost... So where on the irs page can I just make a one time quarterly payment on what ive already made since i have no clue as to what I will make on the next quarter.? I hope I can get an answer from someone on here before sept 15th.! I need to get this done quick
Hello Morgan! I found your channel and have been watching them. Also subscribed! Thanks so much for the honest and clear instructions. Your videos are very efficient. Good job! I have a question not related to this topic but can be very helpful to other QB users too. Question... If I have a vendor (eg US Food) that I consistently buy from and split into many categories, eg, beverage, paper products, frozen goods, Vegetables, etc). Is there a way to memorize all these splits so I do not have to reenter them every time? I have experience using Quicken software, and it allows transaction with memorized splits. It makes data entry very quick. Thanks again for your teaching.
Hey! Thanks for following! Morgan believes QB should be able to remember how to break up and categorize the purchase into items bought. She has not had experience in doing this, but does believe it's possible.
Krista (FinePoints Admin)
@@FinePointsBookkeeping You are right! Just select the same Vendor name and the split was memorized from the last transaction. I have tried that before but not successful. Maybe account settings? It works on the Sample company. Thank you!
Glad you file taxes annually whether the business makes money or not. After you file, the IRS has limits how far back they can audit the business. If you wait until the company makes money, you may expose the business to tax and expanded audit.
Good to know, thanks!
Hi Morgan, how much would you charge a client to do their filling quarterly tax?
Hey! Morgan does not do her clients taxes, so she does not have rates for this service.
Krista (FinePoints Admin)
Nice 👍