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sarah161
February 22, 2022
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New Tax center

  • February 22, 2022
  • 1 reply
  • 0 views
  1. Is QuickBooks going to make us change to the New Tax Center?
  2. How are the two Tax center Different from each other?
  3. IS there something i can watch to see what the difference is or a webinar to teach us about the new tax center??
  4. If there is no video about the new tax center then what 
  5.  
Best answer by Angelyn_T

Hi, Sarah. I'm here to share with you some information about the old and new Tax Center in QuickBooks Online (QBO).

 

The two tax options used by QBO are the old or manual and new or automated sales tax. The old tax setup allows you to calculate and use taxes for your transactions manually. While automated sales tax lets QuickBooks automatically do the sales tax calculations for you on your invoices and receipts for easy and accurate filing.

 

Intuit is currently rolling out the new or automated sales tax for all QuickBooks users. Once you've signed up for a new account, you'll get to enjoy the automated sales tax. If you still use manual sales tax, you can switch to the new sales tax system following these steps:

 

  1. Go to Taxes to see the sales tax center.
  2. If your QuickBooks is ready to switch to auto sales tax, select Use automatic sales tax.
  3. Check if your business address is correct. If it is, select Next. If it isn’t, select the pencil icon to update the address, then select Next.
  4. QuickBooks identifies the official tax agency in your state. Select the tax agency from the OFFICIAL AGENCY NAME ▼ dropdown menu. Make sure it matches with the tax agency under YOUR AGENCY NAME. 

 

In the new sales tax system, you're still able to use custom rates on invoices and receipts. You can use custom rates to manually track special taxes like meals or excise tax. Or, use custom rates if you feel more confident tracking sales tax manually.

 

I'm adding these links and video article to learn more about the new sales tax setup offered by QuickBooks:

 

 

When you're ready to pay or file your returns, you may review the resources from these articles as your guide for both manual and automated sales tax:

 

 

If you have any other questions about the new tax center in QBO, let me know by adding a comment below. I'm always here to help. Have a good one!

1 reply

Angelyn_T
Angelyn_TAnswer
February 22, 2022

Hi, Sarah. I'm here to share with you some information about the old and new Tax Center in QuickBooks Online (QBO).

 

The two tax options used by QBO are the old or manual and new or automated sales tax. The old tax setup allows you to calculate and use taxes for your transactions manually. While automated sales tax lets QuickBooks automatically do the sales tax calculations for you on your invoices and receipts for easy and accurate filing.

 

Intuit is currently rolling out the new or automated sales tax for all QuickBooks users. Once you've signed up for a new account, you'll get to enjoy the automated sales tax. If you still use manual sales tax, you can switch to the new sales tax system following these steps:

 

  1. Go to Taxes to see the sales tax center.
  2. If your QuickBooks is ready to switch to auto sales tax, select Use automatic sales tax.
  3. Check if your business address is correct. If it is, select Next. If it isn’t, select the pencil icon to update the address, then select Next.
  4. QuickBooks identifies the official tax agency in your state. Select the tax agency from the OFFICIAL AGENCY NAME ▼ dropdown menu. Make sure it matches with the tax agency under YOUR AGENCY NAME. 

 

In the new sales tax system, you're still able to use custom rates on invoices and receipts. You can use custom rates to manually track special taxes like meals or excise tax. Or, use custom rates if you feel more confident tracking sales tax manually.

 

I'm adding these links and video article to learn more about the new sales tax setup offered by QuickBooks:

 

 

When you're ready to pay or file your returns, you may review the resources from these articles as your guide for both manual and automated sales tax:

 

 

If you have any other questions about the new tax center in QBO, let me know by adding a comment below. I'm always here to help. Have a good one!

A
akricker
May 10, 2023

I'm still not clearly seeing what is DIFFERENT between the old and new systems. This has been the most ridiculous question to get answered.   Why is there not a place to see the old vs. new?  I am in the old tax center still but do not manually determine what my taxes are. So I'm not convinced that any posts like this are actually answering this question.

 

F
FateCandylaneT
May 10, 2023

I appreciate you joining in on this thread, akricker. Allow me to share additional information about the old and new Tax center setup.

 

In QuickBooks Online, the program provides you with two tas options on how you can track your sales tax returns. As my colleague mentioned above, these tax option setup determines your preferences on how you want to track your taxes. 

 

With the new Tax center option, QuickBooks automatically calculate your sales taxes based on what and where you sell. If your state changes something, like sales tax rates, QuickBooks will auto-calculate and update your tax rates. With the old Tax setup, this requires your time and effort in calculating and using taxes for your transactions manually. You can follow the steps above if you'll want to switch to the new sales tax system.

 

As Intuit aims to provide convenience to customers, I'll be taking note of your concern for you to differentiate both options.  

 

Moreover, you can refer to these references and video articles to guide you in managing your taxes and learn more about the new sales tax setup:

 

 

Keep us posted if you have additional questions or other QuickBooks concerns. We're here to help. Have a good one!

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