Let's customize the report, Amy.

The Profit and Loss report will display all your income, expenses, and net income. Let's uncheck the payroll expense accounts to exclude the state and federal taxes. 

Here's how:

1. On the left panel, click Reports.
2. Click the Profit and Loss by Client report under Business overview.
3. Change the Report period, and click the Customize button.
4. Select the Distribution Account drop-down menu under Filter.
5. Uncheck all payroll expense-related accounts.
6. Click the Run report button.

For more details about personalizing the details, please see this article: Customize reports in QuickBooks Online.

I've also added an article that'll help you save the current customized settings: Memorize Reports.

I'm only a few clicks away if you need more help running and customizing reports. It's always my pleasure to assist you. Keep safe always!