CIS-Connect

Are you ready?

CIS-Connect - The smarter way to ensure compliance with the 2007 HMRC CIS requirements.

Zeraxis' CIS-Connect complements your existing invoicing and payments processes to provide a generic exchange platform for storing, verifying and reporting all information required by CIS.

The cost is considerably less than the price of developing your own system (assuming you have the resources to do it) or employing extra accounting personnel to perform the additional work manually.

Benefits

The CIS-Connect solution:

• Extends existing supplier details to hold the extra CIS related information.
• Electronically communicates sub-contractor details, verification of employment status, and gross/net/higher tax treatment with HMRC.
• Complements existing invoice processes ensuring accurate deduction of tax.
• Precedes the usual payment processes advise correct sub-contractor payment amounts.
• Aggregates all required information for CIS reporting.
• Generates accounting entries for CIS liabilities.
• Completes an electronic submission of monthly CIS300 returns to HMRC.
• Produces monthly CIS statements for each subcontractor.
• Provides a full audit trail of all CIS statement and reporting information.