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Post Info TOPIC: CIS
Sharon Eyre


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I have a CIS client- I have no problem with the CIS returns etc- dealt with them from both sides but this particular one has just gone Vat registered so I have entered his accounts on Sage this year instead of spreadsheet as usual.

How would you code the tax deducted from his sub contractors and the tax he pays to his contractor- I was thinking a balance sheet code for both but not sure - any thoughts from anyone?



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Sharon
RobH


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I would probably rename n/l 2211 to 'CIS Tax'

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Rob
www.accounts-solutions.com
Sharon Eyre


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thats what I was thinking Rob- use a balance sheet code in that area

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Sharon
Cheshire


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Thats what I do too!

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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Sharon Eyre


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That's great thanks

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Sharon
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