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Get ready for taxes

Taxes shows a Schedule C summary, how much to set aside, the estimated payments you have made, and a giving summary for your records. It is for you and your preparer; Columnwell does not file returns.

Steps

1. Open Taxes (the owner and their accountant can see it).
2. Give each expense account a Schedule C line where Columnwell asks. The Schedule C Summary report then totals them.
3. Record each estimated payment you make, and turn on phone reminders before each due date if you like.
4. Leave out a company whose taxes are paid separately, such as an S corporation or a nonprofit.

Good to know

• The giving summary comes from household bank lines sorted into giving categories. It is not a donation receipt.
• Talk to your tax preparer before acting on any number here.