Questions for basic IR35 working practice review

What is the nature of the engagement? What are you being asked to do? Is the work project or task-based? Have you worked at the same client previously? (i) If yes, what type(s) of contract(s) have you had? Tick No. of contracts Contract start & end dates PAYE Subcontracting...

Can Crunch offer me any financial advice?

Our Investments and Pensions service is able to provide full financial advice, including on setting up and reviewing your pension, investing in ISAs, and creating a complete financial plan that's tailored to you. Read more about the service and arrange your free consultation today

Leasing through my Ltd Company - how do I record this in Crunch?

A lease is a way to get the use of an expense without buying the item in full. However, things are affected by the kind of lease. Generally, there are two kinds you will encounter when running a business: an operating lease and a financial lease. Operating Lease This is best thought of...

What are credit notes and refunds and when should I use them?

A credit note can be used to credit your customer or to record a credit from a supplier. In the Crunch app, credit notes can either be used on their own to reduce the amount of an invoice, or used in conjunction with refunds to record a return of money. If you need to credit one of your custome...

How to export your data

If you would like to get hold of your data in spreadsheet format, you can do so by using Crunch's total export facility, or by using the "Export to XLS" button available in Crunch lists to export the filtered selections. This feature allows you to generate Microsoft .XLS format spreadsheets which ca...

What is Disaggregation (Artificial Separation) of a Limited Company?

A limited company can sometimes be seen to deliberately avoid VAT by dividing its services within the company into separate companies. By setting up two businesses you can divide the revenue to ensure they qualify below the VAT Registration threshold of £79,000, and consequently don’t have to charg...

What to prepare for your Year End Accounts

What is Year End? Company Year End is an accounting term for the date in the year when a company must file their statutory documents. It takes place at the end of the company’s accounting year. Your Year End will initially be 12 months from when you incorporated, although this can be changed. ...

Cash flow forecast

A straightforward and sensible way to ensure the money keeps flowing in and out of your business is through a cash flow forecast. This simply means calculating your income and your expenses, and subtracting one from the other. We’ve produced a simple-as-can-be weekly/monthly cash flow forecast sprea...

Handling CIS without Subcontractors in Crunch

Recording Invoices & Payments When you issue an invoice, you’ll need to show everything you have paid for, such as labour and materials. This breakdown is to show the actual amount you have invoiced your clients. When you receive this payment you’ll need to add multiple payments to accoun...

Checklist For Closing Your Company

Checklist for closing your company When you decide to close your business, Crunch will be on hand to assist you. Whether you do it via MVL or striking your company off the register, there are a few things that need to be done on either end. Once your final tax amounts are finalised (PAYE, VAT...
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