Multiple States Sales Taxes and Surcharges

Congratulations on your business expansion, Tammy. I’m happy to know that you and your business are doing great in the market. I’ll help you set up your multi-state sales taxes and surcharges in QuickBooks Desktop (QBDT).

In QuickBooks, we can create a Sales Tax Group to set up multiple sales tax items to be applied in a single transaction. That way, QuickBooks will collect tax for these items as a group but will report on each individually. I’ll show you how:

1. Go to the Edit menu and select Preferences.
2. From the left menu, click the Sales Tax and navigate to the Company Preferences.
3. In the Set up sales tax item section, hit the Add sales tax item button.
   
4. Under the Type section, select Sales Tax Group.
   
5. Enter a Group Name/Number, Description, and each sales tax you must charge in this district. You can start by selecting a Tax Item.
6. Lastly, click OK.
   

    

Moreover, one way to ensure the accuracy of your tax payment is by running reports that enable you to review your sales tax payable. These reports provide a detailed overview of your tax liabilities, helping you identify any discrepancies or errors in your tax filings. By reviewing these reports regularly, you can stay on top of your tax obligations and avoid any penalties or fines that may result from incorrect or late tax payments.

Feel free to drop by if you have further queries about taxes. I’m always here to lend a hand for help. Take care!