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maxalbertfisher-
Level 1

Hi, i just became self employed from PAYE can i add my p45 to quickbooks to account for tax already paid this year.

 
5 REPLIES 5
DivinaMercy_N
QuickBooks Team

Hi, i just became self employed from PAYE can i add my p45 to quickbooks to account for tax already paid this year.

I've come to provide you a few steps in adding P45 to QuickBooks Self-Employed (QBSE), @maxalbertfisher-.

 

You can change your tax year in QBSE using the following steps:

 

  1. Sign in to QuickBooks Self-Employed.
  2. Then, navigate to the Gear icon.
  3. Select Tax Profile.

 

To get more details about the process, visit this article: QuickBooks Self-Employed UK Tax Profile Set Up. Setting up your Tax Profile make the calculation of your self-employment taxes easier.

 

Also, managing your taxes in QBSE is a breeze. You can refer to the attached article for guidance: Year-end Taxes. This comprises the most frequently asked questions about year-end tax filing.

 

I'm always here in the Community if you need additional assistance in adding your P45 to QBSE. I want to ensure your success. Have a good one.

maxalbertfisher-
Level 1

Hi, i just became self employed from PAYE can i add my p45 to quickbooks to account for tax already paid this year.

Hello, thanks for the info.

 

So, based on what you told me i went into 'tax profile' and added the figure of what i earned from my PAYE job this year from my P45 into the 'estimated employment income' box. However, its still not being taken into account on my tax and national insurance amounts in the self assessment summary. 

 

I know this as my tax and national insurance estimates didn't change even though i added a considerable amount in earnings from an employer when i was PAYE... Surley my amounts should increase as ive already used a sizeable chuck of my tax free allowance. 

Catherine_B
QuickBooks Team

Hi, i just became self employed from PAYE can i add my p45 to quickbooks to account for tax already paid this year.

Thanks for keeping us posted, maxalbertfisher-.

 

I'll walk you through categorising your PAYE income. 

 

First, you'd want to make sure that your earnings are recorded in the Tax Profile in your QuickBooks Self-Employed account. This way, we will make sure that your taxes are calculated accurately. Also, make sure to categorize your allowable expenses for self-employment properly. This is the basis for the automatic calculation of your self-employment tax obligation. You can see it on your Self-Assessment Summary page. 

 

For your PAYE income, that's correct, you can classify it as an estimated employment income on the Tax Profile since it was deducted from PAYE taxes. It should be a positive amount deposited to your accounts that doesn't come from your self-employed work. 

 

If amounts are still not calculating, you can perform a few browser troubleshooting steps to verify if the issue is not caused by stored cache files. You can start with logging in to your QBSE account using a private browser. To use on, here's how: 

 

  • Google Chrome: Ctrl + Shift + N
  • Mozilla Firefox: Ctrl + Shift + P
  • Safari: Command + Option + P

If this works, you'll want to clear your browser's cache so the system can start fresh. If you get the same result while using a private browser, I recommend switching to a different browser.

 

I've added these articles to help you get ready with your self-employed taxes:

 

Get back to us here if you have other questions on how you can manage your taxes. I'm always here to help.

maxalbertfisher-
Level 1

Hi, i just became self employed from PAYE can i add my p45 to quickbooks to account for tax already paid this year.

Hi, i i tried private mode and two other browsers, quick books is not taking into account my previous PAYE earnings in my tax and national insurance forecast...

CharleneMae_F
QuickBooks Team

Hi, i just became self employed from PAYE can i add my p45 to quickbooks to account for tax already paid this year.

Thanks for keeping us updated on how the troubleshooting goes, maxalbertfisher-.

 

Since the issue persists, I'd suggest contacting our QuickBooks Support Team. They're equipped with tools to check the cause why the amount isn't calculating. You can check out our support hours before proceeding. This way, you'll be assisted on time.

 

Here's how:

 

  1. Click Assistant from the top bar.
  2. Select Talk to a human.
  3. Enter a short description of your concern and press Enter.
  4. Click I still need a human.
  5. Select Contact Us to connect with our live support.
  6. Choose Get a callback.
    QBSE (Contact Support).PNG

 

Additionally, I've included this article that'll help you stay informed in managing your taxes in QuickBooks Self-Employed:

 

 

Feel free to comment down below if you have any other concerns or questions about managing taxes, maxalbertfisher-. I'm always glad to help in any way I can.

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