Hi All,
A bit of a tricky one (well I think so ) to start with!
I am bookkeeping for my husbands and brother in-laws new business. They are the only "employees" and the are both directors of the company
They are subcontracting for a company so have registered for CIS.
The invoice they have issued to the contractor has been paid with a deduction of 20%, how do I account for this?
Many Thanks!!
A bit of a tricky one (well I think so ) to start with!
I am bookkeeping for my husbands and brother in-laws new business. They are the only "employees" and the are both directors of the company
They are subcontracting for a company so have registered for CIS.
The invoice they have issued to the contractor has been paid with a deduction of 20%, how do I account for this?
Many Thanks!!