My husband is starting a ltd company in the construction industry. He will be purchasing plant and operating it himself. Everything we invoice is subject to 20% deductions (CIS).
I’ve set him up as an employee and director, taking a modest salary and he will receive dividends. I am submitting the FPS weekly as he is paid weekly and the EPS we will do monthly.
Quickbooks has a setting to deal with te CIS suffered but I want to make sure we’re not missing anything?
I’m AAT qualified and work as an accounts assistant for a large restaurant company, so I have an understanding of accounts but CIS is not really my field.
Should we hire an accountant or is this something I can manage myself?
Any help or advice appreciated.