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How to use QuickBooks Self-Employed reports to fill in your tax return

SOLVEDby QuickBooksQuickBooks Self-Employed4Updated over 1 year ago

Filling in your tax return may seem challenging, especially if you're doing it for the first time, but QuickBooks Self-Employed makes it easy. Here’s what you need to do:

1. Set up your Tax Profile

Your Tax Profile allows us to accurately calculate your self-employment taxes based on your business income, spending, and allowable expenses. See QuickBooks Self-Employed UK Tax Profile Set Up for a quick and easy  set-up.

2. Download your Tax Summary

If you’ve been using QuickBooks Self-Employed to track expenses, sort them and record your income (this will make filling in your tax return very easy). Just download your Tax Summary and use that to complete your Self Assessment.

Each box on your tax summary is labelled with the corresponding number on your Self Assessment form. Match the numbers and fill them in. Remember that if your annual turnover was below £85,000, just put your total expenses in box 31 on the Self Assessment form. See Year End Taxes to find out more.

3. Share with your accountant or bookkeeper

Does an accounting professional complete your tax return for you? Invite them to QuickBooks Self-Employed so they can access your information. If you don't have an accountant, you can find one using our directory.

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