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New CIS (Construction
Industry Scheme)
Rules from 6
April
2007
Reform
includes £3,000 automatic penalties
for non-compliance.
More than 250,000
contractors will be affected by
the forthcoming changes to the Construction
Industry Scheme (CIS), which will come
into place in just a
month’s time. Contractors across the UK
will need to ensure that information they hold
on their sub-contractors is correct or face fines of up to £3,000
if they fail to submit accurate and timely returns to HM
Revenue & Customs (HMRC) or provide monthly Sub-contractor Payment
& Deduction Statements. The changes are
all part of the Government’s move towards electronic transactions
and to address the issue of counterfeit cards and
certificates, bringing three government databases together to provide
single records for each CIS contractor and sub-contractor.
Every
business
that employs
sub-contractors
will need to have all their information
up-to-date in order to comply with the
new
regulations. This not only applies to the
construction
industry but also to other business sectors that employ sub-contractors
– such as retail
and local councils – where their average
annual spend
on construction is £1m
or more. Automatic penalties of up to £3,000 each month from October
2007, based on the number of sub-contractors employed.”
Access
Accounts has a complete
CIS module that is full integrated into your purchase ledger and has the
following functionality.
- Enables you to store
key information
against
each subcontractor
record and to enable deductions
(for tax
and CITB
levy) to be made at the correct rates.
- Interacts with the purchasing modules allowing the processing
of subcontractors
invoices & payments.
- Any tax
that is with-held from payments to subcontractors
under the scheme
will be accounted for and you will be able to provide statements
of deduction to the subcontractors and monthly returns to HMRC.
- Subcontractors
can be matched
and verified against
HMRC records electronically
If you
would like further information on how Access
Accounts can help with CIS compliance
please contact philip.oakley@intovision.co.uk or telephone
02380
302543.
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Professional
Services Automation
Remote
Users including Web
Timesheet
and Expense
entry.
Within
every organisation
there are a wide range of people
who need quick and easy access
to key business information.
Data
such as time
recording and expenses,
purchasing, etc must
be instantly updated throughout the day, with flexible procedures and
controls to ensure that this happens.
IntoVision can provide
a centralised system
to ensure the correct data
is captured and updated for Timesheets,
Expenses,
Purchasing and Project Management.
We can also enable reports to be easily distributed around the organisation,
fully controlled via security access.
We offer an
extension to the Access
Accounts Dimensions
business system,
to enable many
more users within the business to work with and obtain
reports
without the need to provide direct access to the core business system.
As we offer this as a web-based
solution, it can be rapidly
deployed
to many
users without the need to install
software for users on the local area network and those wishing to work
remotely
via the Internet.
This presents an organisational
workflow solution to ensure internal procedures are adhered to with the
required authorisation
and approval obtained.
Benefits
include
- Latest
Microsoft.NET technology
- Workflow based data
entry
- Browser interface
- Improved efficiency
- Distribution
of key management
information
- Centralised data
storage
- Low cost
of ownership
- Available
via Intranet or Internet
If you
would like further information on how IntoVision
can help with any of the above please
contact philip.oakley@intovision.co.uk or telephone
02380
302543.
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Special
Announcements – Two New
Arrivals!
We are
very pleased
to announce that we will have a new
consultant
Giles Keen starting
in May.
Giles Keen has been working
the Accesss
Accounts for over 8 years and also has report writing skills and is an
expert in web
technologies.
We also
have another very special
arrival to announce on behalf of one of our Account Managers
Catherine
Dutfield. As
many of our customers
were aware Catherine was pregnant but was not due to give birth until the
end of May. It was a great surprise to is all, especially Catherine, when
Harvey was born 9 weeks early on 26th
March weighing just 3lb’s 5oz. Catherine would like to thank all
customers who have passed
on their regards. Harvey’s
progress and photos can be found at http://www.harvey-ferguson.co.uk.
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Customers
Vote Access
“Financial Software of the Year”
Access
Accounting has been named 'Financial Software Provider
of the Year' by readers of Real FD. Access Accounting was the only independent
company
to reach the shortlist
and beat off competition from 11
other providers to clinch the award.
Real FD
invited financial directors to rate their satisfaction with
the quality of their core financials system and the level of
support provided by the vendor. One FD
commented, "Integration has been the key to our success in
transforming the finance department.
Access technology has really helped me to do this in a relatively painless
way."
Access
Accounting was praised
by FDs for the software's ease of use and
flexibility as well as the quality of the company's
customer
support. Large clients highlighted the professionalism of the implementation
process, with Real FD proclaiming Access Accounting to be an all-round
winner. The software was also highly commended last year, when once again
it was praised for its superior level of customer care.
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