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Post Info TOPIC: CIS
lesleyanneoliver


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CIS
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Hi guys.

Does anyone have a spreadsheet template they would use to record the CIS information for submission to HMRC?



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pictures


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We just have a word document with a simple table with the following headings:

Company Name; Month (of invoice) ; Contract Price; Materials; Labour; Tax Deducted

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Julie
lesleyanneoliver


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And do you have this weekly with a total for the returns?



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pictures


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No, we just fill it in monthly when we add up all the sub-contractors invoices and pay them.

 

The company I work for currently pays between 5-10 sub-contractors per month though some of those sub-contractors can send us up to 10 invoices each per month.



-- Edited by pictures on Tuesday 16th of August 2016 10:12:30 AM

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Julie
Sammy76


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I just do a monthly spreadsheet with the heading for the Month ending, then columns for Company/Individual; Invoice sum (less VAT); materials; labour; tax deducted; date payment made.

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Cheshire


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All sounds a wee bit over worked, why not just sling the data into the payroll and accounting software?

But each to their own, whatever works for you and makes your life easier. 



-- Edited by Cheshire on Tuesday 16th of August 2016 11:08:37 PM

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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
pictures


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We don't use accounting software and only employees not subbies go through our payroll software.

(my boss is a bit of a dinosaur but she's a blinking good book-keeper, nothing gets past her)

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Julie
Sammy76


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We only have employees on our payroll too. Boss doesn't like spending money so I've as yet been unable to convince him to upgrade. We are still working on Sage 50 2014 version which could do with upgrading.

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Cheshire


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Sammy76 wrote:

 We are still working on Sage 50 2014 version which could do with upgrading.

 Why? Why? Why?  Sage 50 perpetual can last 7+years easily, so why would you upgrade, just for the sake of a couple of little tweaks each year (don't believe the hype sage spew!)  some of the tweaks are very much backwards steps (eg the calc net being in a dumb place that slows down keying massively, and 'pay supplier' awkwardness of sage 2015 without mentioning a few other things). 

I can't blame your boss for that one.....if you were paying the massive fat sage bill I reckon you would agree.  

Payroll on the other hand....guess it depends what software you are using, I've got the CIS module for no extra cost, but it's one of those where you can way up the staff costs v software and it can become a no brainer. or pass it on to client by way of a licence fee, so it's not actually costing anything. 

 



__________________

 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
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