Note: This only applies to users who are actively subscribed to Bonsai Tax. For more information on what Bonsai Tax is, please visit our page on taxes here.
With a Bonsai Tax subscription, your taxes will be calculated every quarter. This will account for what is owed in both State and Federal taxes each quarter.
The benefit of recording your past tax payments on Bonsai is that it will make your estimated tax payments for the rest of the year far more accurate.
Bonsai takes the tax payments you've made throughout the year and adjusts the amounts you owe both annually and quarterly. By keeping your Bonsai accounting up-to-date, you will have the most accurate picture of any taxes you may still owe for the year.