Pay Yourself

How to pay a director's salary

As a taxpayer you have a Personal Allowance. This is money you can earn each year without paying any tax. You can take this allowance through your company’s PAYE scheme as a director’s salary. Your ability to take the allowance will be reflected in your Crunch account and is based on previous earn...

How to answer Are you a service company?

This question has been written by HMRC to determine whether you are within IR35 , not whether or not you are a service company. Previously, when HMRC expected a yearly P35, both questions have been asked, but now they only ask this. IR35 is a piece of legislation designed to tax ‘disguised employme...

How to add a recurring payroll run

Fancy some visual assistance? Watch our handy tutorial video for Setting up Payroll Runs in Crunch. Please note: Payroll Runs are used to pay salaries to limited company directors only. If you have employees within your company, you’ll need to speak with our Crunch Payroll team or contact your cl...

How to add an employee

If your account is set up to use payroll, you can add non-director employees to your company in Crunch. If you're using Crunch's payroll service, your employees will be viewable, but un-editable. To add an employee who is not a director of your company, start by navigating to the "Your Crunch" tab ...

How to file your PAYE Annual Return

Crunch can automatically calculate your PAYE Annual Return and file it for you electronically with HMRC. To do this, start by navigating to the "Pay Yourself" tab and then to the "PAYE returns" sub tab: Under the "Returns in progress" screen you will see your current return, and its sta...

How to pay PAYE / NIC

You can record PAYE/NIC payments by selecting 'New tax payment' from the Tax tab menu and choosing the relevant selection in the drop down menu entitled "Tax payment type". Many of our clients find paying online is the most simple method of paying. This can paid by using either a debit/credit car...

How to add employee pension payments

Do you deduct pension contributions from your employee's payroll? If the answer is yes and you are signed up to our Pension Auto Enrolment service you can add the payments made to NEST (Your pension provider) which were deducted from your employees pay by going to our 'Pension Payments' tab under '...

New Tax Year Thresholds

New Dividend Tax Rates The Government announced some major changes in 2015 that will affect the way company directors are taxed in the financial year 2016/17. From the 6th April 2016, there will no longer be a dividend tax credit for lower rate earners and the tax-free dividend amount has bee...

Repaying student loans if salary above £8,060

New student loan repayment plans going into 16/17. There are two types of student loan which work out into slightly different repayment plans. Plan 1 is any student loan taken out 'before' September 2012, and Plan 2 is any student loan taken 'on or after' September 2012. They are paid through you...

2017/18 Tax Year dividend thresholds

How much tax do I pay on dividends? In the 2017/18 tax year, you will still receive a tax free allowance for dividends amounting to £5,000. From 6th April 2017, the personal allowance increases to £11,500. If you choose to take a salary of £8,164 (£680.33 per month) during the 2017/18 tax y...

https://cdn.desk.com/
false
desk
Loading
seconds ago
a minute ago
minutes ago
an hour ago
hours ago
a day ago
days ago
about
false
Invalid characters found
/customer/en/portal/articles/autocomplete