Adding Tax Paid in the Pie Tax App
Managing your tax obligations can be daunting, but with the Pie Tax App, adding your tax paid is simple and tailored to your income type. Whether you're employed under PAYE, working as a self-employed contractor under CIS, or managing other income streams like capital gains, sole trader profits, or rental income, Pie has you covered. This guide will walk you through the steps for adding tax paid in the app, ensuring your tax records are accurate and up to date.
From PAYE adjustments to CIS reconciliation, and real-time tax calculations for other income types, Pie makes it easy to stay on top of your tax commitments.
Adding PAYE Tax Paid
After opening the app, tap the "All Incomes" chart, select the income you want to update, then tap the three-dot icon to edit. Enter your tax amounts in the "Tax Deducted" section.All Incomes
Open the app, go to settings, and tap ‘Income Accounts’. Select your PAYE income, tap ‘Edit’, and enter the ‘Tax removed’ figures. Double-check to ensure accuracy for real-time tax updates.Via Income Accounts
From the dashboard, tap ‘Quick Add’, then select 'Add an Income'. Choose your PAYE income and enter the ‘Tax Removed’ amount. Ensure the figures match your documents to avoid any errors.Via Quick Add
Go to ‘Tax Overview’, scroll to ‘Your Incomes’, select your PAYE source, and tap ‘Edit’ to enter the figures and save.Via Tax Overview
Adding CIS Tax Paid
In ‘Bookkeeping’, find the transaction, select your CIS income source, and choose the correct tax rate (20%, 30%, or No CIS). Tap ‘Submit’ to save.Via Bookkeeping
Tap ‘Quick Add’, select your CIS income, enter details, and choose the tax percentage (20%, 30%, or No CIS). Tap ‘Submit’.Via Quick Add
For Other Income Types (Rental, Sole Trader, Capital Gains, etc.)
If no tax has been paid, simply add an income to your all incomes' chart. The app will calculate your real-time tax bill automatically.Add an Income
For other incomes with 0 tax paid, just create an income source in your profile settings under 'Income Accounts'. The added income will automatically re-calculate your real-time tax figures.Create Income Source
Troubleshooting Common Issues
Sometimes, issues can arise during the process. Here are some common problems and solutions:
Choose the correct income source, like PAYE or CIS, for accurate tax calculations.Select the Right Income Type
Ensure your entered tax and pay figures match your records to avoid errors.Verify Figures
Refresh the app after updates to ensure real-time tax accuracy.Refresh the App
Frequently Asked Questions
How do I add PAYE tax paid in the Pie Tax App?
You can add PAYE tax paid through ‘All Income’, ‘Income Accounts’, ‘Quick Add’, or ‘Tax Overview’ in the app by entering your total pay and tax figures.
Can I add CIS tax paid in the app?
Yes, you can add CIS tax paid using the ‘Bookkeeping’ section or the ‘Quick Add’ feature. Just choose your tax percentage and save the details.
What if I have rental or dividend income with no tax paid?
For income like rental or dividends where no tax has been paid, simply create an income source. The app will calculate your tax automatically in real-time.
How can I make sure my tax figures are accurate?
Always verify your figures match your payslips or records to avoid any errors in real-time tax calculations.
Do I need to refresh the app after adding tax paid?
Yes, refreshing the app ensures that your real-time tax figures are updated correctly after any changes.
