Second Income

So what is the point of the tax profile?

Hello

The tax profile in Self Employed can impact the tax summary which is used to fill in the SA103F form for example it can impact allowable/disallowable in regards to hours worked from home and then putting through rent/rates/insurance expenses for example

It can also affect what income pulls through to the p and l if for example you state you have started self employed mid year

More information can be found here

Thanks

Emma

Can you add this functionality as there are hundreds of thousands of people working in this way?

there must be a work around to calculate estimated tax for people who are employed (employer paying tax and NI etc), but run self employed businesses in spare time?  I bought my subscription on the basis the app would help me in lots of respects but also in this specific way. 

if I have to do these things manually, then I don’t need the app- I can just use excel.

Hello there, @SWED, 

The program supports self-employed individuals in tracking your business-related transactions. Since you have a second income from another employer, you can perform the steps provided by my peer, @Anonymous, above as a workaround. 

I'll take note of your feature request so I can pass this along here on my end. Please know that we are listening to your suggestion about tracking your second income in the program.

For more useful topics about the system, you can browse them through this link: QuickBooks Self-Employed. 

You can count me in if there's anything else you need, @SWED.