Introducing CIS subcontractor support
If you work in the construction industry then you’ve probably heard of the Construction Industry Scheme. If you haven’t, you can safely ignore this article and enjoy those two minutes of your life back.
Still with me? OK, so CIS affects both contractors and subcontractors working in the construction industry. With this release, FreeAgent supports the obligations for subcontractors.
In practice this means:
- Raising CIS invoices with the appropriate deductions
- Automatically filing CIS deductions through payroll
- Knowing how much you're owed from your contractor customers
- Reconciling payments received with CIS deductions
To get started read our detailed guide on how FreeAgent supports CIS for subcontractors.
Until next time,
Roan and the team at FreeAgent
- Typeform data breach
- Case study: Andi’s got business in hand with the FreeAgent mobile app
- Reading to recharge: 5 small business books for your summer holiday
- Improved data export now available
- Keeping your account secure