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Post Info TOPIC: Weekly paid Ltd Co Contractors and CIS suffered - Payroll Manager
Jay


Senior Member

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Weekly paid Ltd Co Contractors and CIS suffered - Payroll Manager


Good afternoon,

Our Ltd Company clients who have CIS deducted are monthly paid, and the neccassary deductions entered into Payroll Manager.

However, we have two new Ltd Companies who suffer weekly CIS deductions.

There does not seem to be an option to record the weekly CIS deductions within Payroll Manager and as such have recorded the entries on a spreadsheet and then entered the monthly totals in Payroll Manager.

Not a major problem with just two weekly CIS clients, but wondered if this is correct. I can imagine it may be more of a problem for anyone dealing with lots of similar clients weekly.

Many thanks

Jay



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Master Book-keeper

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Hi Jay

I do weekly CIS on Moneysoft. If you go into the CIS tab and click on subcontractor details,

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then the payment tab you can set this to weekly, and then you can record weekly. You can do weekly payslips but the CIS3000 deduction statement is a monthly one.

If you've already set it up you cant change the payment to weekly so you'll need to delete and start again. IGNORE THAT

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When you set a new subcontractor up there is a drop down box that probably says monthly, just change it to weekly. No need to delete the employer, just the subby. May be best waiting until April though if you've already been doing it monthly.



-- Edited by Leger on Friday 25th of January 2019 03:56:49 PM

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John

Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.

Jay


Senior Member

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Posts: 213
Date:

Thanks for the reply.

Sorry, I may not have worded it correctly.

My new Clients are the subcontractors and currently have CIS deducted by choice which can be offset against CT.

The CIS gets listed as CIS Suffered in the Employer tab and seems to only allow for a monthly total rather than weekly.

BW

Jay



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Master Book-keeper

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Posts: 2766
Date:

Jay wrote:

Thanks for the reply.

Sorry, I may not have worded it correctly.

My new Clients are the subcontractors and currently have CIS deducted by choice which can be offset against CT.

The CIS gets listed as CIS Suffered in the Employer tab and seems to only allow for a monthly total rather than weekly.

BW

Jay


Ah Jay, sorry, yes that is only a monthly option because usually the contractor would also send out a monthly statement and deduction sheet, although I know not all do.



__________________

John

Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.

Jay


Senior Member

Status: Offline
Posts: 213
Date:

Thanks for the reply at this busy time as its put my mind at rest that I've got it right.

BW

Jay



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Master Book-keeper

Status: Offline
Posts: 2766
Date:

You're welcome Jay.



__________________

John

Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.

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