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Karin Nel
Level 1

How do i change to UK tax years?

How do change settings to UK tax years?

1 REPLY 1
NerbynMaeI
QuickBooks Team

How do i change to UK tax years?

I’m eager to help you navigate the process of changing your tax years, Karin Nel.


Changing your tax years in QuickBooks Solopreneur will depend on the starting date of your business or financial year. Here's the step-by-step process.
 

  1. Log in to your QuickBooks Solopreneur account.
  2. Go to the Settings.
  3. Select Accounts and Settings.
  4. Click the Advanced tab.
  5. Update Fiscal Year Settings.
  6. Once done, Click Save.

 

By completing these steps, you have effectively configured QuickBooks Solopreneur to align with the UK's fiscal year, ensuring that your financial reporting and tax settings are accurately adjusted.


Lastly, I've shared this article which provides comprehensive assessment to keep your business and finances on top: Self Assessment for Income Tax: Checklist for QuickBooks. However this article is for QuickBooks Online, the details will also apply to Solopreneur individuals. 


If you have any further questions or concerns about changing your tax year settings, please don't hesitate to share them with us. We are here to collaborate with you and find a solution to address any issues you may encounter.

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