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Level 1

My tax calculation dosnt appear to take into account the PAYE amount entered on the Tax Profile page? How do I accurately calculate SA with a PAYE income as well?

 
3 REPLIES 3
QuickBooks Team
QuickBooks Team

My tax calculation dosnt appear to take into account the PAYE amount entered on the Tax Profile page? How do I accurately calculate SA with a PAYE income as well?

Thanks for checking in with us, luke-mgfx-gmail-.

 

Let's make sure we add your PAYE employment transaction to the Tax profile and add it underestimated employment income. The tax profile lets you enter the other income you have aside from self-employed income.

 

Also, let's ensure to categorize your transactions correctly so you'll have accurate estimated taxes. You can refer to the How QuickBooks Self-Employed calculates tax payments article for more insights. To review the PAYE amount entered in your Tax Profile settings, follow the steps below: 

  1. Click the Gear icon.
  2. Select Tax Profile under Taxes.
  3. Go to the Estimated employment income field and check your PAYE earnings.
  4. Press Save.

To accurately calculate SA with a PAYE income, I'd recommend consulting with your tax adviser so you'll be guided about this one in selecting the proper categories for your transactions and earnings. For more details about self-employed taxes, check these articles:

I'd like to know how you get on after trying the steps, as I want to ensure this is resolved for you. Feel free to reply to this post and I'll get back to you. Take care always.

Level 1

My tax calculation dosnt appear to take into account the PAYE amount entered on the Tax Profile page? How do I accurately calculate SA with a PAYE income as well?

Thanks for your reply but this has not solved the issue.

 

Where do I enter my PAYE income so my SA calculation is correct?

 

Anything entered on the Tax Profile under PAYE income has no bearing on my currently incorrect SA calculation.

 

Can anyone point me in the right direction? Much appreciated. 

QuickBooks Team

My tax calculation dosnt appear to take into account the PAYE amount entered on the Tax Profile page? How do I accurately calculate SA with a PAYE income as well?

Thanks for coming back here, luke-mgfx-gmail-.

 

To accurately calculate SA with a PAYE income, I'd recommend consulting with your tax adviser so you'll be guided in selecting the proper categories for your transactions and earnings.

 

For more details about self-employed taxes, you can check out the articles provided by my colleague RCV.

 

You can also reach out to our Customer Care Team to do a screen sharing session, They can pull up your account and check your tax set up.

 

Here's how:

 

  1. Go to Assistant located in the upper right-hand corner.
  2. Enter Talk to a human twice to see the Message an Agent or Get a callback option.

If there's anything else you need, you can always leave a comment on this thread. Thanks.