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September 3, 2024
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What is the frequency of tax code updates when using QBO Automated Sales Tax (AST)?

  • September 3, 2024
  • 1 reply
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Best answer by GenmarieM

It's good seeing you here in the Community, woatm7. Let me provide you with insights about the frequency of tax code updates when using Automated Sales Tax (AST) in QuickBooks Online (QBO).

 

QBO utilizes the AST feature to automatically update tax rates based on changes in state tax laws. This means that when a state modifies its sales tax rate, QBO will automatically reflect these changes in the system without requiring manual updates from the user.

 

The frequency of these updates is directly tied to the changes made by state tax authorities. As soon as a state changes its sales tax rate, QBO updates its tax rates accordingly. This ensures that users are always applying the most current rates during transactions, which helps in maintaining compliance with local tax regulations.

 

Additionally, I suggest reaching out to your accountant for professional advice. If you do not have an accountant, you can visit this website to find one: Find a QuickBooks ProAdvisor.

 

Don't hesitate to revisit this page if you need additional assistance with sales tax or other QuickBooks-related tasks. The Community is always here to help 24/7.

1 reply

GenmarieMAnswer
September 3, 2024

It's good seeing you here in the Community, woatm7. Let me provide you with insights about the frequency of tax code updates when using Automated Sales Tax (AST) in QuickBooks Online (QBO).

 

QBO utilizes the AST feature to automatically update tax rates based on changes in state tax laws. This means that when a state modifies its sales tax rate, QBO will automatically reflect these changes in the system without requiring manual updates from the user.

 

The frequency of these updates is directly tied to the changes made by state tax authorities. As soon as a state changes its sales tax rate, QBO updates its tax rates accordingly. This ensures that users are always applying the most current rates during transactions, which helps in maintaining compliance with local tax regulations.

 

Additionally, I suggest reaching out to your accountant for professional advice. If you do not have an accountant, you can visit this website to find one: Find a QuickBooks ProAdvisor.

 

Don't hesitate to revisit this page if you need additional assistance with sales tax or other QuickBooks-related tasks. The Community is always here to help 24/7.