I started using QuickBooks Self Employed. I'm a little worried though that the Tax calculation isn't correct as its seems very low indeed.
The reason I think its low is that I have a PAYE income coming in too which will easily take up my Personal Allowance. So in my mind as my PAYE takes up my person allowance I should be paying tax!
In the Tax Profile I have the personal allowance set correct as I know that to be correct and I have a correct figure of my PAYE income (Before Tax) in the Estimated employment income box. Other income is Zero.
I have been given an extra 2 weeks to sort this by HMRC before I upload my self assessment
Welcome to the Community, @kplanet78.
It's possible that you've entered an incorrect business income, allowable expenses, and tax code in your Tax Profile. Let's make sure that they're entered in your Tax Profile correctly.
Before we proceed, please know that paying income tax based on your Net Profit. And it's the difference between your total income and total allowable expenses. Thus, this is reflected on your Self-Assessment Summary page.
Here are some articles you can read for more details:
If you need further assistance with your estimated tax, I suggest contacting our Phone Support Team. This way, they can review your account and help you with preparing your estimate tax.
Please know you can continue to reach me here with any additional questions. Thanks for coming to the Community, wishing you continued success.
Hello there, kplanet78,
Since the steps provided didn't change anything on your tax calculation, I recommend contacting our QuickBooks Self-Employed support. We'll be able to check your account and see why it's not calculating.
I'll be here if you have other concerns.
I appreciate you joining this thread, Mark T.
I appreciate you joining this thread and sharing your experience with incorrect tax calculation.
I know that you've already contacted our support team a few times and I appreciate your patience. However, if your still having issue with your tax calculation after performing Mark_R's recommended steps, you'll need to get in touch with our QuickBooks Care Team. This situation requires thorough handling and they have the special tools that can help investigate to come up with a fix.
Below are the instructions on how you can reach them:
The details on how to get in touch with the support is outlined in this article: How to contact QuickBooks Self-Employed Support.
It would be great if you'd let me know the results. I want to make sure everything is working fine. Take care and have a good one!