Dividends income

Hi Pete,

If you categorize the dividend under business income, it will affect the calculation of your estimated taxes. In this case, exclude it in QuickBooks Self-Employed (QBSE).

Here's how:

1. Sign in to QBSE.
2. From the Transactions page, select all the dividend income transaction.
3. Once done, click on Exclude.

For the detailed steps, refer to this article: Exclude or delete transactions.

Then, contact HMRC or an accountant for further guidance in reporting the dividends.

Let me share these article for future reference:

• Tax on dividends
• How to pay Self Assessment tax – 8 top tips

If you have any follow-ups or other concerns, please let me know by leaving a comment below. I'll be here to keep helping. Have a great day.