cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 2

Quickbooks registering too much tax for Director salary

Hi

 

I am just setting up my Quickbooks account, hvaing moved from another accountant.  I am a sole director and pay myself the £12,500 lower tax threshold and so shouldn't have to pay any tax on it and no NI until towards the end of my financial year.  However quickbooks payroll is immediately trying to deduct quite a lot of tax from my monthly payroll and I can't see why.  I am set up as a director in the payroll with the £12,500 salary so I am confused as to why.  Can you help? 

Solved
Best answer May 29, 2020

Accepted Solutions
Highlighted
Level 2

Quickbooks registering too much tax for Director salary

Hi Becky29.  Yes, I've double checked al of that.  It's still trying to take tax off me

View solution in original post

5 REPLIES 5
Highlighted
QuickBooks Team

Quickbooks registering too much tax for Director salary

Hello KateHes1, 

 

Welcome to the Community page, 

 

Can we ask which payroll it is you are using in Quickbooks is it Advanced or Standard? 

Highlighted
Level 2

Quickbooks registering too much tax for Director salary

Hi.  It's Quickbooks standard

 

Highlighted
QuickBooks Team

Quickbooks registering too much tax for Director salary

Thanks KateHes1, Have you checked that the Year to date figures and tax codes, etc is correct? Becky

Highlighted
Level 2

Quickbooks registering too much tax for Director salary

Hi Becky29.  Yes, I've double checked al of that.  It's still trying to take tax off me

View solution in original post

Highlighted
QuickBooks Team

Quickbooks registering too much tax for Director salary

Okay katehes1, Thanks for getting back to us, We still need to check a few things to ensure set up correctly, Have you got the Director NI on or off? This is situated in the employee details section of the payroll. And do you have any figures in the payroll history? and what pay period is it that your running? Becky