I have LLC company and I am a company of 1 that does all the work. Can you tell me what percent should i put aside for quarterly taxes?

Answer

We're here to help you calculate your quarterly taxes, ylwashington.

QuickBooks Self-Employed is designed to calculate your quarterly estimated taxes. This covers your share of Social Security and Medicare taxes on the self-employed money you earned. All you have to do is to add all your business income and expenses to your account. 

Here’s how to add a new transaction in QuickBooks Self-Employed.

Also, you can go to your Taxes tab and click Annual taxes. There you'll see your taxable business profit and details about your business expenses and how they translate into deductions. 

For your reference, here more information about Quarterly Estimated taxes for QBSE: Taxes and Deductions.

    Let me know if you still have questions about your estimated taxes and if you have other concerns by leaving a comment below. I'm always here to assist. Have a wonderful week. 

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    IntuitMaryJoy , Community Support Specialist
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