ZenBusiness Money Pro is designed to help estimate tax payments based on the expenses and income you categorize from your linked bank accounts.
If you’re self-employed or run a single-member LLC, the IRS doesn’t withhold taxes from your earnings — meaning you’re responsible for paying income tax and self-employment tax (Social Security and Medicare). Rather than waiting until tax season, the IRS requires most self-employed individuals to make estimated tax payments four times a year.
Making quarterly payments:
Keeps you compliant with IRS requirements
Helps avoid costly penalties
Spreads out your tax burden across the year
How Tax Estimation Works in Money Pro
With Money Pro, tracking and preparing for your estimated taxes is easy. The tools included with your subscription help automate the process:
1. Real-Time Tax Estimates
Based on your income, expenses, and deductions, Money Pro estimates your quarterly and annual tax liability in real time.
Estimates are pulled directly from your Profit & Loss (P&L) statement within Money Pro.
2. Tax Profile Setup
Accurate tax estimates require a complete tax profile. Here’s what to include:
Federal and state filing status
Expected W-2 income (if any)
Estimated 1099 income
Deduction preferences (e.g., mileage vs. vehicle expenses)
State-specific exemptions
Note: If you live in a state with no income tax, such as Texas, set your exemptions to zero.
3. Tax Dashboard & Quarterly Tabs
Navigate to the Taxes section and select “Quarterly” to view your estimated tax obligations by quarter. These projections update dynamically as your data changes.
4. Tracking Tax Payments
There are two ways to record tax payments:
Marking expenses: On the Expenses page, mark a payment as a tax payment.
Manual entry: Go to Taxes → “+ Tax Payment” to enter the date, amount, and type of payment.
Only do this if you’ve paid your tax payment from a personal bank account that you do not have linked to Money Pro
Money Pro does not integrate directly with the IRS to submit payments on your behalf. You will have to navigate to https://www.eftps.gov/eftps/ and set up an account to pay your estimated quarterly taxes.
You can read more about it here: https://www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes
5. Missed or Partial Payments
If a payment isn’t recorded, Money Pro will roll your unpaid balance into the next quarter and update your projections accordingly. For example, if you owed $11,000 but only paid $10,000, the remaining $1,000+ will carry over.
If you do not pay estimated quarterly payments, according to the IRS, “If you don’t pay enough tax through withholding and estimated tax payments, you may have to pay a penalty. You also may have to pay a penalty if your estimated tax payments are late, even if you are due a refund when you file your tax return.” - IRS
6. Tax Deductions and Mileage Tracking
Choose between actual vehicle expenses or mileage deduction — whichever gives you the bigger benefit. Toggle the in your profile to compare outcomes.
7. Reports to Support Your Filing
Money Pro provides tax-specific reports including:
Schedule C (Draft): Pulls in income, expenses, mileage, and business info for filing.
Tax Details for Filing: A full breakdown of categorized income and expenses, helpful for CPAs as they prepare your tax filing.
Access these in the Reports → Tax Reports section.
8. End-of-Year Filing
If you’re a single-member LLC, you can file your federal and one state tax return for free through Money Pro’s partner, Column Tax. All business data entered into Money Pro is automatically imported into your tax return, including:
Business name
Income and expense data
Mileage
W-2 income (if applicable)
Column Tax supports federal + 1 state return per subscription. Multi-member LLCs, S-Corps, or C-Corps are not supported.
You can start your tax filing within Money Pro each year in January. The exact date is dependent on when the IRS produces the final documents for each year’s tax filing.
We will send an email to all Money Pro users to let them know when their included tax filing is available.
For more help with Column Tax you can visit the Column Tax Help Center. There will also be a chat button within the Column Tax experience for fast help.
Quarterly Tax Deadlines
Mark your calendar for these estimated tax payment due dates (hint: you can also see these in your compliance calendar in ZenBusiness):
The IRS requires estimated tax payments to be made four times a year:
Q1: January – March (Due mid-April)
Q2: April – May (Due mid-June)
Q3: June – August (Due mid-September)
Q4: September – December (Due mid-January)
Do I need a CPA if I use Money Pro?
Not required, but recommended for complex cases. ZenBusiness also partners with 1-800Accountant for unlimited tax advice if you want extra support.
When can I start filing my taxes in Money Pro?
The "File Taxes" button will be available on the Money Pro "Taxes" page starting January 1, 2024. The IRS opens for filing on January 29, 2024, which is the official day you can start submitting your tax returns.
Am I required to file my taxes through Money Pro?
No, you are not required to file your taxes through Money Pro. You have access to various tax reports, which allow you to file your taxes in any way you choose.
Can I file my business and personal taxes with Money Pro?
Yes, Money Pro/Column Tax supports single-member LLCs, meaning you can file both your personal taxes and business taxes (Schedule C) through the platform.
Does Money Pro/Column Tax support multimember LLCs, S-Corps, or C-Corps?
No, Money Pro/Column Tax only supports single-member LLCs for personal and business taxes (Schedule C).