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Taxes

Set aside as you earn, see the deadlines coming, and log what actually went out.

The Taxes page — the reserve for tax as the headline, the month-by-month strip, and the tax pot, paid-this-year and VAT cards

The reserve, and the year

Taxes has its own seat in the sidebar. The headline is your reserve for tax — what the money that has already landed still owes, less what you’ve paid: the figure to keep aside today. Under it sit the next bill and its date, what you’ve paid this fiscal year, and what’s left after that bill has gone. The strip under it shows the year’s tax leaving, month by month, with the pot as a line across it. Three cards sit beneath:

  • Tax pot — what you’ve set aside, measured against the reserve. The bar shows how much of the reserve the pot holds, and the line under it gives the verdict: covered, how far below the reserve it sits, or — when it can’t meet the next bill — how short it is today and by that bill’s date. The pot looks like a field on purpose: type it as your statement shows it whenever you like, and logged payments drain it on their own.
  • Paid this year — the year’s payments to the tax office, with the latest one named.
  • VAT — an estimate of what’s owed for the quarter in hand: collected, less what you can reclaim so far.

Coming up, and the log

Coming up lists the next twelve months of bills live, never stored stale — VAT returns from your quarters, and income tax the way your tax office actually bills it. In the UK that’s the two payments on account, each half of last year’s bill, and the balancing payment that settles the year; in Germany the quarterly prepayments, with health and care insurance as its own monthly line. Elsewhere each deadline shows what the forecast expects it to take. When a payment on account or prepayment rests on a bigger year than this one looks like, the row adds what it could be instead, and its tooltip says how to ask for it to be lowered. A date that is only for filing is not a payment, so it shows no bill. The log records what you actually paid.

“Log payment…” on any deadline stages its date and kind into the log’s ghost row with focus on the amount — you correct it to what really went out, then commit; the page jumps to the row, swapping fiscal years if the payment belongs to another one. A future-dated payment is a scheduled row: it stands the calendar’s estimate down (its deadline reads “scheduled ✓”), the forecast pays your number on your date, and it edits or deletes like any row. Logging a past income payment drains the pot on its own — no bookkeeping to do. A quarter that pays you reads “back” and offers nothing to log: a refund is not a payment.

This year’s estimate shows the working — turnover, business costs, profit, each tax and contribution, and the share of every payment that’s set aside. The summary on the right splits the year into paid, scheduled and still expected, and what’s ahead by kind of tax.

Past years keep their rate

Step back a year and the page is that year’s: what you paid then, its strip and its log, under the violet banner that marks another year. Once a year is behind you, toqe keeps the rate its payments were set aside at, so changing your rate today leaves last year’s figures alone. Years that ended before toqe kept rates start at today’s — if that isn’t the rate you used, click it on the past year’s rate card and type the right one; Income’s set-aside column and Invoicing’s “to reserve” follow.

When tax leaves the balance

By default toqe runs set-aside: tax is netted off each payment as it lands, and deadlines only drain the pot — the balance never jumps. Where your country names real payment dates, Settings → Taxes offers at the deadlines instead: income lands gross and the accrued liability leaves the balance on the dates — the bank-account view, cliffs and all. The forecast, the chart and the schedule follow whichever clock you pick.

The recipes

Pick where you pay tax and the whole instrument follows — bands and social charges, the fiscal year, deadline dates, the local word for VAT — for the UK, Ireland, France, Germany, Spain, Portugal, Greece, the US, Canada and Australia. Where a recipe involves a real premium (Germany’s private health insurance, say), toqe stores it as an actual expense row it creates or adopts — so the forecast, the ledger and the deduction all read the same number.

Estimates are estimates — the schedule says so on its face. toqe reserves and reminds; your accountant files.