Has anyone ever set up new taxes in QB Global? I seem to have challenges with that. Please help.

Let me be the first one to welcome you to the QuickBooks Community, @dhamwqb-gmail-co. I'm here to help you overcome the challenges of setting up new taxes in QuickBooks Online (QBO).

If you want to add another rate for tax, such as a local one not already included, please follow the steps outlined below:

1. Go to Taxes and click Add Tax.
2. Click Tax Rate.
3. Enter the Tax name and Description.
4. Choose an agency in the Tax agency dropdown.
5. Enter the sales rate applied for the Sales transaction.
6. Select the Account type for the tax rate and choose an option from the Show net amount on return line dropdown.
7. Click Save.

You may also add a tax agency and a percentage in QBO by adding a Custom Rate. To do that:

1. Go to Taxes and select Add Tax.
2. Click Custom Tax.
3. Enter a Tax name, Description, and Tax agency name.
4. Enter your Business ID No. if you prefer.
5. Choose a Start of current tax period, Filing frequency, and a Reporting method.
6. Put a checkmark on the This tax is collected on sales and This tax is collected on purchases boxes accordingly. If in doubt, please seek advice from your accountant.
7. Click Save.

If you want to combine multiple taxes and apply them to your transactions, you can choose to add a Group rate. Follow the same steps above, but select Group Rate in Step 2. Fill out the necessary information and click Save.

Moreover, running reports in QBO can provide insights into the company's financial well-being. This way, you can review crucial data regarding your sales, expenses, and even taxes.

Please know I'm always available around the clock whenever you need help setting up taxes. Have a fantastic day ahead!