Is this right for me?
From 6 April 2007, Construction Industry Scheme (CIS) legislation means that the
way you manage your subcontractors' tax deductions is changing.
You will need to submit monthly information to HMRC before deducting tax from your
subcontractors pay, as well as producing monthly statements for them.
To help you get to grips with these changes we have brought together Sage 50
Accounts Professional 2009 and Sage 50 CIS, especially for people who
run construction businesses.
Sage 50 Accounts Professional 2009 & CIS provides sophisticated
accounting tools for businesses, together with complete purchase order and sales
order processing. It makes simple work of foreign trading and is suitable for companies
where several people need access to accounts.
It will also help you easily manage the CIS changes by:
- Speeding things up by emailing HMRC with your subcontractor details
- Reducing the risk of being fined by producing accurate calculations
- Complying with legislation by producing monthly subcontractor payment statements
HMRC have successfully tested and recognised Sage 50 CIS to both
submit the Monthly Online Tax Return (CIS 300) and perform electronic verification
of sub-contractor information.
Already a Sage 50 Accounts customer?
Sage 50 CIS can be bought as an additional module to work with
your existing Sage 50 Accounts 2009 software.
Sage 50 CIS only works with the latest version of our accounts software.
To check that you are using the current version go to the Upgrade
Centre.