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Calculators

Do I need to make a payment with my extension?

To avoid an IRS underpayment penalty, use the Safe Harbor method to calculate whether you need to send an additional payment with your extension of time to file by April 15th.

To meet Safe Harbor requirements, pay:

  • At least 100% of the previous year’s total tax owed, or
  • 110% if your AGI was >$150k for the previous year

Note: Safe Harbor payment does not protect you from other IRS penalties or interest, such as late filing, late payment or accuracy-related penalties.

Use the Safe Harbor Tax Calculator to find out if you need to make a payment. For more details and information on state filing obligations, watch the video below.

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2024 Safe Harbor Tax Calculator

Calculating your quarterly estimated tax payment

As a business owner, you must make estimated tax payments throughout the year to avoid underpayment penalties and other tax surprises. These payments cover both income and self-employment tax.

Using this Basic Quarterly Estimated Tax Calculator, you can calculate a general estimate of how much you should pay each quarter to stay in compliance. 

Calculator presumes 22% income tax + 15.3% self-employment tax.

Note that determining the most efficient quarterly estimated tax amount requires a more detailed approach that analyzes your full financial situation. This service is available to Accountability Services clients, depending on your engagement. 

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Basic Quarterly Estimated Tax Calculator

Estimating monthly payments on a new loan

Use this basic Loan Calculator to compare loan terms and estimate your monthly payment.

This tool makes the following assumptions:

  • Fixed interest rate for the life of the loan
  • Standard amortization formula for equal monthly payments
  • Monthly (not daily) compounding
  • Payments made at the end of each period
  • Does not factor in loan origination fees, taxes or insurance
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Loan Calculator

Generate amortization schedule

The Loan Amortization Calculator uses the same assumptions as the Loan Calculator to build out a full amortization schedule for the life of the loan.

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Loan Amortization Calculator

Not ready to change CPAs but still want to work on your business?

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Mastering Cash Flow

  • Take immediate action to avoid a cash flow crisis
  • Learn simple tactics for long-term financial stability
  • Worksheets + checklists included

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How much will you save?

Letting available tax deductions slip through the cracks is no different than cutting a hole in your pockets and letting money fall out onto the floor.

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Is your small business tax efficient?

Take the quiz to find out where your current tax strategy ranks on a scale of 0 to 25.

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Solve key problems to get more out of your business!

Ready to identify opportunities for improving business performance and your lifestyle?

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Get the ultimate strategy checklist

Never run out of tactics for getting more out of your business.

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You CAN achieve your goals!

Setting clear goals gives your business direction and a way to measure success.

Download our Goal Setting Guide to learn effective goal-setting strategies and get easy-to-use printable worksheets designed to help you take immediate action.

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Running a business without a trusted CPA business advisor is leaving money on the table.

Here are the 10 questions to ask yours to make sure it doesn’t happen to you.

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