i am new to this I have been soletrader for two months I have filled all the items in but now its the end of the tax year what do I do with this tax info do you just press the the button on quickbooks and it send to hrmc or what do ido
I’m here to help share information about what are the things you’ll need to do during tax time.
QuickBooks Self‑Employed (QBSE) UK version is not a year-end tax filing tool. The app helps you track your deductions year round to save you time when taxes are due. Moreover, you can use the summary and detail downloads to have your accountant complete your taxes.
To export your information to Excel, here's what you'll need to do:
Login through the web and go to the Taxes page.
Click the Download Tax Summary button in the top right corner of the page and select Download tax details.
Open the file (named TaxSummary_2017-18.xls, located in your Downloads folder) in Excel.
For your tax schedule, you may directly verify it with HMRC for an accurate information and details.
For guidance, I'm attaching a great resource that you can check: Year-end Taxes.
If there's anything else you need help with, please let me know. I'm always here to help. Have a great day!