SSP Documentation
Overview
SSP Profit Dashboard for WooCommerce automatically tracks your true profit by accounting for payment processing fees, business expenses, and estimated taxes. See exactly how much you’re really making — not just gross revenue.
| Admin Location | WooCommerce → Profit Dashboard |
|---|---|
| Requirements | WooCommerce 6.0+, PHP 7.4+ |
| Data Storage | WordPress options (no custom tables) |
Dashboard
The main Dashboard shows your key financial metrics at a glance.
Stats Cards
| Today’s Revenue | Gross revenue and order count for today. |
|---|---|
| This Month Profit | Net profit after fees and expenses for the current month. |
| YTD Profit | Year-to-date net profit with total order count. |
| Est. Tax Due | Remaining estimated tax balance (total estimate minus payments made). |
30-Day Trend Chart
Visual chart showing daily Revenue vs. Profit over the last 30 days. Helps identify trends and patterns.
Year Summary Table
Complete breakdown of your annual finances:
- Gross Revenue
- Payment Processing Fees (subtracted)
- Business Expenses (subtracted)
- Net Profit
- Estimated Tax
- Taxes Paid (subtracted)
- After-Tax Profit
Daily Reports
The Daily Reports tab shows a day-by-day breakdown of your sales.
Report Columns
| Date | The calendar date. |
|---|---|
| Day | Day of week (Mon, Tue, etc.). |
| Orders | Number of orders that day. |
| Revenue | Gross revenue. |
| Profit | Revenue minus payment fees. |
| Margin | Profit as percentage of revenue. |
Options
- Hide days with $0 — Toggle to show only days with sales.
- Export CSV — Download all daily data as a spreadsheet.
Expenses
Track your recurring and one-time business expenses in the Expenses tab.
Expense Types
| Recurring | Ongoing expense that repeats indefinitely (subscriptions, hosting, etc.). |
|---|---|
| One-time | Single expense on a specific date. |
| Limited Cycles | Recurring expense that ends after a set number of payments. |
Frequency Options
For recurring expenses, choose: Weekly, Monthly, Quarterly, or Annually.
Categories
Organize expenses by category for better tracking:
- Software/SaaS
- Hosting/Infrastructure
- Marketing/Advertising
- Professional Services
- Office Supplies
- Insurance
- Other
How Expenses Are Calculated
The plugin automatically calculates which expense payments fall within any date range based on the start date and frequency. This ensures accurate profit calculations for any time period.
Payment Fees
Configure your payment gateway fees in the Payment Fees tab.
Fee Structure
| Percentage Fee | Percentage of each transaction (e.g., 2.9%). |
|---|---|
| Flat Fee | Fixed amount per order (e.g., $0.30). |
Calculation
For each order: Fee = (Order Total × Percentage) + Flat Fee
Common Gateway Rates (2024)
| Stripe | 2.9% + $0.30 |
|---|---|
| PayPal | 2.59% + $0.49 |
| Square | 2.6% + $0.10 |
| Authorize.net | 2.9% + $0.30 |
| WooPayments | 2.9% + $0.30 |
Tax Projections
The Tax Projections tab estimates your tax liability based on your business income and profile settings.
Overview Cards
| Net Profit (YTD) | Your year-to-date business profit after fees and expenses. |
|---|---|
| Estimated Tax | Projected total tax based on your profile settings. |
| Paid This Year | Sum of all recorded tax payments for the current year. |
| Balance Due | Estimated Tax minus Paid = remaining amount owed. |
Tax Breakdown
The breakdown shows exactly how your tax is calculated:
- Start with Business Net Profit
- Add other income (W-2, investments, spouse income)
- Subtract above-the-line deductions (health insurance, retirement, etc.)
- Subtract QBI Deduction (20% for qualifying pass-through entities)
- Subtract Standard Deduction
- = Taxable Income
- Calculate Self-Employment Tax (15.3%)
- Calculate Federal Income Tax (progressive brackets)
- Calculate State Tax (if applicable)
- = Total Estimated Tax
What’s Included
- Self-Employment Tax — 15.3% (12.4% Social Security + 2.9% Medicare) on 92.35% of net earnings. Additional 0.9% Medicare on income over $200K single / $250K married.
- SE Deduction — Half of SE tax is deductible from income.
- QBI Deduction — 20% deduction for pass-through entities (sole prop, LLC, S-corp, partnership) with phase-out at higher incomes.
- Federal Brackets — 2024 tax brackets (10%, 12%, 22%, 24%, 32%, 35%, 37%).
- State Tax — All 50 states + DC with their 2024 rates.
- Child Tax Credit — $2,000 per qualifying child under 17.
Tax Profile Settings
Configure your tax profile to get accurate estimates.
Business & Filing
| Business Entity | Sole Proprietor, Single-Member LLC, Partnership, S-Corp, or C-Corp. Affects SE tax and QBI eligibility. |
|---|---|
| Filing Status | Single, Married Filing Jointly, or Head of Household. Affects brackets and standard deduction. |
| State | Your state for state income tax calculation. States with no income tax (TX, FL, WA, etc.) show 0%. |
| Children Under 17 | Number of qualifying dependents for Child Tax Credit. |
Other Income
| Other Income | W-2 wages, investment income, etc. Added to business income for total AGI. |
|---|---|
| Spouse Income | If married filing jointly, spouse’s income is included. |
Deductions
| Health Insurance | Annual self-employed health insurance premiums. 100% deductible above-the-line. |
|---|---|
| Retirement Contributions | Contributions to SEP-IRA, Solo 401(k), SIMPLE IRA, or Traditional IRA. Limits are calculated automatically. |
| Home Office Deduction | Deduction for business use of home. |
| Other Deductions | Any additional above-the-line deductions. |
Retirement Account Limits (2024)
| SEP-IRA | Up to 25% of net self-employment income, max $69,000. |
|---|---|
| Solo 401(k) | Employee: $23,000 + Employer: 25% of net income, total max $69,000. |
| SIMPLE IRA | $16,000 employee + 3% employer match. |
| Traditional IRA | $7,000 limit. |
Tax Payments
Record your estimated and final tax payments to track your balance.
Recording a Payment
| Date | When the payment was made. |
|---|---|
| Amount | Payment amount. |
| Type | Federal Estimated, Federal Final, State Estimated, or State Final. |
| Quarter / Year | Which quarter and tax year the payment applies to. |
| Notes | Optional confirmation number or notes. |
Quarterly Due Dates (2024)
| Q1 (Jan – Mar) | April 15 |
|---|---|
| Q2 (Apr – May) | June 16 |
| Q3 (Jun – Aug) | September 15 |
| Q4 (Sep – Dec) | January 15 (next year) |
Data Export
Export all your data as a CSV file from either:
- Daily Reports tab → Export button
- Settings tab → Export All Data button
Export Includes
- Daily sales data (date, orders, revenue, profit)
- All expenses (name, amount, type, frequency, category, start date)
- Tax payments (date, amount, type, quarter, year, notes)
- Current payment fee settings
FAQ
How is profit calculated?
Profit = Revenue − Payment Fees − Expenses
Payment fees are calculated per order. Expenses are prorated based on their frequency and the date range.
Which orders are included?
Only orders with status “Completed” or “Processing” are counted. Refunds are automatically subtracted from the order total.
C-Corp tax calculation?
C-Corporations pay a flat 21% corporate tax rate. No self-employment tax or QBI deduction applies. Personal income from the corporation (salary, dividends) would be taxed separately.
State tax rates accurate?
State rates are simplified approximations using the top marginal rate. Graduated state brackets are not fully modeled. Some states have surtaxes (CA mental health tax, MA millionaire tax) that are included at higher incomes.
Multiple payment gateways?
Set your fee to match your primary gateway, or calculate a weighted average based on transaction volume. The plugin applies one fee rate to all orders.
Data not showing?
Make sure WooCommerce is active and you have orders with “Completed” or “Processing” status. Only orders with dates are counted.
Why does my tax estimate differ from my accountant’s?
This plugin provides a simplified estimate. It doesn’t account for: itemized deductions, AMT, FICA from W-2 jobs, capital gains, estimated payment penalties, local taxes, or complex multi-state scenarios. Use it for planning, not filing.
What about sales tax?
This plugin tracks income tax only. Sales tax collected is passed through to the state and doesn’t affect your profit calculation (it’s not your money). Make sure you’re not double-counting sales tax in your revenue.