hi
could you answer a query i have does your programe cater for
self employed cis tax deduction scheme or not as i work in
the construction industry sole trader i sometimes work for domestic clients i invoice them gross but if i work for another
builder i have to produce a invoice showing the tax amount
to be deducted i am looking to find a programe that does this also
producing quotes-letters-and keeping track of invoices paid-
unpaid keeping track of tax deducted from me also tax imay deduct
from tradesmen that i may employ on self employed basis.
I hope you get the idea of what i am trying to explain.
Many thanks
Jwright
Hello J Wright,
Yes, Solar Accounts handles CIS payments. Please see our help page on this topic here:
http://www.solaraccounts.co.uk/help/notes-on-the-construction-industry-scheme.php
Unfortunately Solar Accounts doesn't produce quote/estimates. We plan to add this feature in the future, but we can't promise when this will be available.
The Invoice list gives you a good idea of which invoices remain outstanding, and the 'PAYE and NI Liability' account is used to keep track of how much money you have collected from tradesmen but not yet paid to HMRC. You should also see this page for details of recording your annual tax payment:
http://www.solaraccounts.co.uk/help/how-to-record-an-annual-tax-liability.php
I hope this helps. Let me know if you need more information.