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August 16, 2021
Question

"Hi, I have both an employer and other income from property rental -- can I use my QB account to understand my UK self-assessment taxes?"

  • August 16, 2021
  • 1 reply
  • 1 view
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1 reply

Level 9
August 17, 2021

Hello there, @richgodfrey-gmai.

 

QuickBooks Self-Employed can be used as your guide when tracking your income and expenses before completing the tax filing. This is where you can keep your data. With that, this only helps you prepare your Self Assessment fast and easily.

 

It serves as a help when you organise your business spending, calculates your estimated tax payments, assigns your expenses into the correct Schedule C categories, and help you figure out your business profit. If you're looking for more information about QuickBooks Self-Employed, I'd recommend checking these resources for more ideas about the software.

 

 

Please let me know if you have other questions about QuickBooks Self-Employed. Take care and stay safe.