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K
KatL
December 8, 2021
Question

Tax Summary in QB Self Employed

  • December 8, 2021
  • 1 reply
  • 0 views

I have access to Quickbooks Self Employed and am using it for my sales and expenses.  However when I run the Tax Summary it does not show a figure for Income Tax at the bottom.  I don't understand why as I have input my employment income into my Tax Profile for the correct year but it is not working out income tax (it does work out Class 2)  Please can someone help as I haven't been able to find anything about this on the discussion boards so am I missing something?

1 reply

E
EmmaM
December 8, 2021

Hello Kat, In order to look into why it is not calculating an income tax figure for you can we ask have you used the personal allowance amount on a separate PAYE income or is the Self Employed business your only business, did you amount that figure in the tax profile and what date did you enter as starting Self Employed in the tax profile

K
KatLAuthor
December 8, 2021

Have an employed job which I put into the estimated income tax profile.  My self employment started before 5/4/20 so I said no to that

E
EmmaM
December 8, 2021

Hello Kat, If the employed job is more than the allowance can you change the amount in the tax-free allowance box to 0, you should then see income tax appear.

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