Cis deduction

Let me guide you in the right direction on how to deduct the CIS on the invoice, Tj43.

QuickBooks Self-Employed (QBSE) uses a single entry accounting and is designed to track business income and expenses. The program will help estimate taxes for you so you can file the Self Assessment form easily. That’s why you're unable to track the CIS in the program.

Let me share some alternative solutions to help you record the deduction item mentioned above. You may want to consult with an accountant first for further assistance. They can guide you on how to handle the transaction in QBSE, especially the category type.

Otherwise, subscribe to QuickBooks Online (QBO).  The online program will auto-calculate and e-file CIS, invoices on the go. To learn more about the features and price for each version, click here to view the complete details.

I’m adding a link that contains resources that will guide you on how to manage any tasks in QBSE: Self-help articles. The topics include, banking, invoicing, mileage tracking, filing your tax forms, and so on.

Also, the links below provide information on how QBO handles CIS and process the tax return.

• CIS guide
• How to submit a CIS return in QuickBooks Online

If you still need assistance in recording the CIS deduction, click the Reply button below and add a comment. I’ll get back to help you. Have a great rest of the day.