Has anyone worked out how to combine a PAYE pension with self employed income to calculate tax and national insurance correctly

I'm here to provide some insights about combining your salary self employed income and PAYE pension, 

KAJ61.

Taxes are taken out of your money before you receive it if you are paid by an employer. Pay As You Earn is the term used for this (PAYE). If you earn any other types of income, you may need to file a Self Assessment tax return in order to declare and pay taxes on your earnings to HMRC.

On the other hand, when you voluntarily pay the national insurance and you aren't using payroll, you'll have to record it as an expense transaction in QBO. However, I'd also recommend consulting your accountant to keep your financial data accurate. Let me guide you on how.

1. Go to the + New button
2. Select Expense.
3. Choose and/or enter all the necessary payment details (i.e Payee, Payment account, date, method, and Ref no. (optional)).
4. In the Category details section, enter the expense info. You have the option of expensing to a liability account if you want to set up a liability for the NI amount and then you can expense to the liability(which would then record as paid off and show on your balance sheet)
5. Enter the Amount and tax.
6. When you're done, select Save and close.
7. We'd recommend consulting with your accountant that they are happy with this as we're not trained accountants here.
8. You could also record this as a journal entry

For the step-by-step guide, you can refer to this article: Enter and manage expenses in QuickBooks Online. It also includes details about editing, reviewing, and deleting an expense transaction.

To check if you can combine a PAYE pension with self-employed income to calculate tax and national insurance correctly, I'd suggest contacting our Customer Support Team to help you with this one. 

Please get back to us if you have further concerns with any QuickBooks-related concerns. We're always here to assist you. Take care!