Sole Trader Tax Setup

Thanks for reaching out on the Community, @Tillylonglegs3 

Your taxes are only calculated at the start of your self-employment date. Transactions before this date won't show in your Tax summary.

You can set up your start date and other tax info in your Tax Profile. Once this is complete, QuickBooks will use this info along with information about your business income, spending and allowable expenses to calculate your tax estimate. 

Get back to us below if you have any further Q's! 

Thank you Georgia. 

I have already set up my tax profile with a start date of 5th Jan. My first income is logged as the 18th Jan, so this is after the start date of my self-employment?

Thanks for getting back to me, @Tillylonglegs3 

Please note that the Tax Summary reports run from 6th April - 5th April the following year, meaning income logged on the 18th Jan 2023 will show on the Tax year 2023/24.

If you don't see this showing, please begin a chat so that we can take some additional account info to check this on our side. :)