When you start using Construction Industry Scheme (CIS) in QBO, the system will calculate your deductions, track your withheld or suffered amounts, and create the necessary reports for HMRC. With this, once you have a customer that's set up as a CIS contractor, QuickBooks will automatically ...
I also suggest reaching out to your accountant to ensure you're reporting the correct details to HMRC. They're the best person to ask if the transaction needs to be added or just removed. You can send copies of your reports by following the steps below. Here's how: In QuickBooks Self-...
Any special characters in subcontractor nameCharacters allowed:A-Z, a-z0 to 9space & ‘ ( ) * , - . / @ £Please note: the Ampersand (&) and the Pound symbol must be in an escaped format (& = & £ = £)To verify your login credentials, please ...
When you start using Construction Industry Scheme (CIS) in QBO, the system will calculate your deductions, track your withheld or suffered amounts, and create the necessary reports for HMRC. With this, once you have a customer that's set up as a CIS contractor, QuickBooks will automatically ...