I know how important it is to know if you’re subject to any taxes or what should be done to comply with any of them, linda.
Since you’ve transitioned from being salaried to being a freelance worker, you’ll need to reach out directly to His Majesty's Revenue and Customs (HMRC) and report as self-employed.
Moreover, if you have a QuickBooks Online (QBO) subscription, you’ll need to subscribe to QuickBooks Self-Employed (QBSE). This is the best accounting software for self-employed business owners as it gives self-starters and small businesses the features they need to get ahead.
Once you’ve got instructions from the HMRC that will require you to submit taxes. Given that you’ve started the year as salaried in QBO, you’ll have to file this separately and file your freelance works in QBSE. Please check the articles below for references for different applications:
As always, you can ping me in the Community if you have further questions about taxes. This forum is also open for any QuickBooks-related matters. Stay safe!
