Hi, I'm hoping someone in the UK can help me with this.
I've just received an HMRC coding notice and need to change a tax code in QBO Online Payroll to K242 - a "K" code denotes a negative tax allowance. Unfortunately Online Payroll doesn't appear to accept this tax code as being valid. Any ideas how I can enter this?
Welcome to the U.K QB Community!
Awesome work resolving the query yourself. I am a QB user too and I always try and solve my queries first, this helps me practice and strengthen my skills - it makes me feel rather smug too when I master it!
I would love to know more about you! Are you an accountant? Do you own a small business? Are you self-employed?