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E
ECC2
February 17, 2020
Question

Starting business part way through the year and adding previous employment income

  • February 17, 2020
  • 1 reply
  • 0 views

Hi.  I'm using QB's self -employed.  I started my business in August and was employed through PAYE up to that point.  I don't seem to be able to add details from my P45 in terms of income earned & tax already paid to give me an accurate tax liability figure.  Anyone know how to enter this information?

1 reply

B
Becky29
February 17, 2020

Hello  ECC2,

 

Welcome back to the Community,

 

In order for me to give the best answer could you advise if you have used your personal allowance? Thanks ^Becky

 

 

M
michaelm81
August 14, 2020

i'm in the same boat here.  I had used my personal allowance.  What's the solution?

 

May I also ask if there is a way to change your tax year as my company runs July to August but my quick books is set up as april to april

G
GraceC
August 14, 2020

Welcome to the Community forum, @michaelm81.

 

Yes, you can change your tax year in QuickBooks Self-Employed (QBSE). Let me guide you how.

  1. Log in to QuickBooks Self-Employed.
  2. Go to the Gear icon.
  3. Click Tax Profile.

Please see the screenshot below.


For more detailed information, you can check out this article: QuickBooks Self-Employed UK Tax Profile Set Up.

 

These articles in managing your taxes can also help you when filing and paying your tax forms: 

I'm just here if you need more help. You take care always and have a great day!

 

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