Construction Industry Scheme (CIS) legislation that came into effect in 2016 changed the way subcontractors' tax deductions are managed. Monthly information is now submitted to HMRC before deducting from subcontractors pay and monthly statements are produced.
The Sage 50cloud CIS module has been successfully tested by HMRC to submit the Monthly Online Tax Return (CIS 300) and perform electronic verification of sub-contractor information. The module will help you comply with legislation without generating endless paperwork or additional pressures on your time.
Please note that the Sage 50cloud CIS Module is compatible with Sage 50cloud Essentials, Standard, Plus and Professional & Sage 50 Accounts Essentials, Standard, Plus and Professional v23 and above.
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Sage 50 CIS Module Subscription
Do you spend time inputting data in Excel or a CSV file? With a click of a button we can import all this for you into your Sage 50 Accounts! The importing tools take item lines from a spreadsheet and turn them into transactions (sales receipts and purchase payments), invoices, or sales orders, allocating and grouping them by customer/supplier account and invoice reference in your Sage 50 Accounts. This automates a previously manual task and speeds up your work efficiency.
Save time chasing up payments by monitoring your outstanding invoices and sending out reminders at set times with our Credit Controller, formerly known as Debt Chaser. This add-on will email your customer (either before the payment due date, after the payment due date or both), listing outstanding invoices and how long they've not been paid for. Any customer who has not made payment after 2/3 reminders, triggers an internal email so you can switch to chasing them by telephone.