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?
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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:
Click the Gear icon.
Select Tax Profile under Taxes.
Go to the Estimated employment income field and check your PAYE earnings.
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:
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