Where do I set the income tax rate for my plan in Bizplan? What steps do I follow to configure the income tax rate in Bizplan? How can I enter or update my income tax rate in Bizplan?
The Income Tax field in Bizplan allows you to define your company’s combined federal and state income tax rate. This setting is used to calculate tax liabilities in your financial projections and directly impacts your net income.
Steps to Set or Edit Income Tax
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Log in to your Bizplan account.
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From the left-hand menu, click on Finance.
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Click the Settings tab (gear icon) in the top-right corner.
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Scroll down to the Taxes section.
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In the Income Tax field, enter your estimated combined income tax rate as a percentage.
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Your changes will save automatically or with a Save prompt depending on your session.
Important Notes
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Use your expected combined federal and state tax rate—consult with a tax advisor or accountant if unsure.
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The tax rate affects your net income calculations across your financial reports.
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You can update this value at any time as your tax situation or structure changes.