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egocontbooks18-g
February 12, 2023
Question

I am a first year new small business and my accountant bailed on me. I'd like to attempt my first annual return on my own - any suggestions?

  • February 12, 2023
  • 1 reply
  • 0 views
GST/HST quarterly have all been done and filed.  I will change to annual for this year.   Not many transactions but a enough to need to know how to properly create and submit what is needed from expenses and taxes.   Are there online templates here that can help?

1 reply

T
Trish_T
February 13, 2023

Hi egocontbooks18-g,

 

Thanks for reaching out here.  Welcome!  I'm saddened to hear of the situation you've encountered.  QuickBooks Online has what you need to manage your sales tax payments with confidence.  I'd be glad to assist!

 

The Sales Tax centre provides the reports you need to review your sales tax liabilities, record your tax payments and review your tax payment history.  Here's how to run the report;

 

1. From the left menu, select Taxes and then Sales tax

2. Click on the arrow located on the Reports button

3. Select Taxable sales summary

4. Enter the Report period

5. Use the ▼ dropdown menu to select the desired sales Tax Agency from the list

6. Set the Accounting method to Accrual

7. Hit Run report

 

Follow these steps to see your tax payments;

 

1. Open Taxes and then Sales tax

2. Select the Payments tab and then View

You can customize this report to refine your search as you see necessary

 

Here's how to record a sales tax payment;

 

1. From Taxes and then Sales tax, open the Filings tab

2. Locate the filing from the Filed section

3. Click on the arrow beside View summary and select Record payment 

4. Enter the payment Amount

5. Hit Record payment

Note;  You'll still need to make the payment outside of QuickBooks.

Here's a helpful guide for your reference, to assist with managing your sales tax payments in QuickBooks Online.

 

Should you require additional assistance, please don't hesitate to contact us.  it would be our pleasure to work with you directly and ensure you're comfortable with you sales tax goals in QuickBooks Online.

 

Schedule a Callback or start a Chat: click (?) Help in the upper right in QuickBooks Online > enter "Contact support" > hit Contact Us > provide a brief summary of your situation > hit Let's Talk > choose Get a callback or Start a Chat.
Social Media: Facebook, Twitter, and Instagram.
Support hours are from Monday to Friday between 9 a.m. and 8 p.m. ET.
 

If any other questions come to mine, feel free to reach back out.  We're always happy to help!

 

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