Invoice Simple gives you the ability to track your tax estimates in real time. This is estimate is pulled from your categorized income and expenses.
How do I set up my Tax Estimate?
In Bookkeeping, hit the Tax Estimates tab.
You will be prompted to enter some information to complete your tax profile. You will need the following information to complete this process:
Filling Status
Annual W-2 income
Tip income
Overtime income
U.S. state
Deduction information
How do I view my Tax Estimate?
In Tax Estimates, hit Estimates
Expand the dropdown menu to view your estimated adjusted gross Income, estimated federal and self-employment taxes, and estimated state taxes.
How do I track Tax Payments
In Tax Estimates, hit Payments
Any transactions that you have categorized as tax payments will show here. For yearly quarter, you can view your estimated payment, as well as the total of payments made to date, and any remaining balance.