Paye and self employed entering

Patsyella · ‎April 17, 2020

I have had some paye earnings and the company deducted tax and ni how do I enter this please as I'm under the tax threshold so due a refund

emmam6 · ‎February 10, 2023

Hello Community Users! We wanted to add some clarification on the correct process for accounting for P45 income within Self Employed. It is correct you would record it in the tax profile however it would be the personal allowance section you would adjust as the PAYE would affect how much allowance you have left. If you have used up the allowance you can amend the figure in that personal allowance section to zero. This will then mean the income tax is calculated correctly. We've amended the previous post to have the correct process. Any questions at all please ask them here. Thanks

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AlexV · ‎April 18, 2020

Good to see you here, Patsyella.

QuickBooks Self-Employed is designed to track your "self-employment" income and expense as the basis for calculating your self-assessment. This version of QuickBooks is unable to calculate the calculate PAYE earnings. Although you can enter it on the Tax Profile page, it's best to reach out to an accountant for some guidance.

You can follow these steps on how to record it:

From the Gear icon, select Tax profile under Taxes.
Go to the Estimated employment income field and enter the amount.
Click Save.

You can visit our QuickBooks Self-Employed Help page anytime for more guides and articles.

I'll always be here if you need more assistance. Stay safe!

emmam6 · ‎February 10, 2023

Hello Community Users! We wanted to add some clarification on the correct process for accounting for P45 income within Self Employed. It is correct you would record it in the tax profile however it would be the personal allowance section you would adjust as the PAYE would affect how much allowance you have left. If you have used up the allowance you can amend the figure in that personal allowance section to zero. This will then mean the income tax is calculated correctly. We've amended the previous post to have the correct process. Any questions at all please ask them here. Thanks

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Paye and self employed entering