U.S. Federal Tax Setting?
I have zero need for a sales tax function, as my income and billing is solely based on services rendered, but I have seen nothing in the program related to the U.S. federal income tax.
How do I:
1) set up a U.S. federal tax of say 22-24%, (whichever may be applicable for the year) so my year-to-date tax requirements are visible based on total income minus expenses, deductions, etc...
2) to have the federal income tax information visible on the Dashboard.
When reconciling bank transactions, would a quarterly tax payment reduce the total YTD amount owed to the IRS, if this is visible in the program?
Lastly, I'm not seeing a way to reconcile a 2023 federal income tax payment, but maybe all of this is related to the one setting I'm totally oblivious to.