Taxfyle is introducing Bookkeeping

Learn about Bookkeeping->

Services

Resources

Tax Tools

Tax Return Calculator

Enter your annual taxable income to determine your taxes.

Small Business Tax Calculator

Prepare your business for the tax season using our tax calculator.

success stories

Case Studies

See how firms are taking advantage of our network.

Pro Spotlight

Meet the Pros who keep Taxfyle running.

FAQ

Help Center

Advice and answers from the Taxfyle Team.

Blog

All things taxes, our learnings, and product updates.

Company

Taxfyle

About Us

Learn about Taxfyle and the company

Join Us

Careers

Search our latest job openings at Taxfyle

In The Media

Newsroom

Find out the latest news about Taxfyle

Pricing (888) 803 4458

Customer login

Tax Pro login

Get Started

Customer login Tax Pro login

Get Started

Thinking about outsourcing

Schedule a meeting

Find your custom migration plan

Get Tax Conversion

Solutions

For firms For individuals

For firms

TXF Intelligence

Powerful AI that automates tax prep.

Tax Outsourcing

Take more clients, reduce overhead, grow your firm.

Partnerships & Integrations

Affiliate or white-label solutions for your customers.

Tax Conversion

We handle switching software between providers for you.

TXF Intelligence

Automate extracting, validating, and organizing client tax data.

Talk to Sales

Recommended

For individuals

Tax filing

Maximize eligible deductions, file accurately with an expert.

Advisory

Get answers to your tax questions from a tax expert.

Bookkeeping

Get a bookkeeper to handle your finances.

Tailored accounting

Find the ideal accounting solution for your business.

Tax filing

Save time with automated accounting—ideal for individuals and small businesses.

Start for free

Recommended

About us

MEET TAXFYLE

Our story

Learn how Taxfyle started.

Have questions? Reach out here.

Newsroom

See Taxfyle’s latest news mentions.

JOIN US

Careers

Join the team.

How can we help you?

Get product support

Go to customer support

Visit support page

Resources

MEET TAXFYLE

Tax return calculator

Get an estimate of what you could owe.

Small business Tax calculator

See the taxes your business could owe.

SUCCESS STORIES

Case studies

Hear from firms who excelled with us.

KNOWLEDGE HUB

Blog

Smart insights

Guides and resources

Learn more about accounting.

HELP CENTER

Need help?

Connect with a customer success rep.

How it works

Learn about our platform’s benefits.

Trending

Tax Deductions for Vehicles Over 6,000 lbs

How to get your IRS EIN confirmation letter online

How to fill out the DE 4 form for California employees

Become a Pro

FOR PROFESSIONALS

Become a Pro

Join our network.

Pro perks

See how you can benefit as a Pro.

SUCCESS STORIES

Pro Spotlight

Pros share why they love Taxfyle.

For Individuals or Business

For Pros

Get started

For Individuals or Business

For Pros

Contact Sales

Estimate your 2024 tax refund or liability

See your 2024 business taxes

Set your business up for success with our free 2024 small business tax calculator.

Entity type

Dropdown

Select your legal entity

Link 1

Filing status

Dropdown

Select your filing status

Link 1

Revenue

Total expenses

Meals/entertainment expenses

Estimated tax payments

Email Address

By clicking submit, I agree to Taxfyle's Terms of Service, Privacy Policy, and am opting in to receive marketing emails.

Reset calculator

Oops! Something went wrong while submitting the form.

Calculate your taxes

Our small business tax calculator quickly gives you a clearer picture of all your estimated tax refund or tax liability.

Estimated tax refund / liability

Focus on growing your business.
Put your tax work in our Pros’ hands.

File my taxes ->

By clicking subscribe, I agree to Taxfyle's Terms of Service, Privacy Policy, and am opting in to receive marketing emails.

Thank you! Your submission has been received!

Oops! Something went wrong while submitting the form.

Enter your email to receive Taxfyle's free business tax guide.

I agree to Taxfyle's Terms of Service, Privacy Policy, and that by checking this box I am opting in to receive marketing emails.

Thank you for your submission! Your guide will be delivered right to your inbox.

Oops! Something went wrong while submitting the form.

Frequently asked questions

Have a question?

How does the small business tax calculator work?

Our small business tax calculator uses the figures you provide to estimate your taxes. Your expenses are subtracted from your revenue and then the correct tax rate is applied to find an estimate of what your refund or liability may be. We even account for any estimated tax payments that you might've made throughout the year.

Who is the small business tax calculator good for?

Any small business that fits into the legal structures indicated above can take advantage of our small business tax calculator. If you're a sole proprietor or independent contractor, we strongly suggest that you use the advanced version of our personal tax calculator since sole proprietors and independent contractors file their business income under their personal returns.

What should I do with the information that the small business tax calculator provides?

If your calculations indicate that you owe taxes, we suggest that you make quarterly estimated payments. One of our Pros can prepare the estimate and file for you. They can also set up payments from your bank account to the Department of the Treasury. Most importantly, don't forget to file your taxes by the appropriate tax deadline.

How accurate is this small business tax calculator?

Our small business tax calculator depends on the accuracy of the selections and inputs that you make. Our small business tax calculator does not account for certain tax credits that your company may be eligible forAdditionally, depending on the type of income that your business provides your taxable income and applicable rates can vary significantly.Our Pros can help you determine which types of income your business earns and which credits your company may be eligible for — Get Started Now

Why are meals and entertainment expenses separated as their own line item?

Our small business tax calculator has a separate line item for meals and entertainment because the IRS only allows companies to deduct 50% of those expenses. For example, if you have a business that earns $200 in revenue and has $75 in expenses, then your taxable income is $125. Now, if $50 of those $75 in expenses was related to meals and entertainment, then your taxable income would increase by $25 to $150.

Can I still use the small business tax calculator if I don't have my exact numbers?

Don’t worry, you can use our small business calculator even if you don’t have the exact numbers. Simply estimate what you think your final income and expenses will be. However, it's very important to keep in mind that these are only estimates, and they could be different from your final numbers.We strongly suggest consulting one of our Pros to make sure everything is filed properly and your business’ finances are in the right position. Our Pros can help ensure you minimize liabilities or maximize your refund.

Taxes & bookkeeping.

Expert advisory.

Trust Taxfyle.

2899 Grand Avenue,
Coconut Grove, FL 33133