Taxes
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I have created an invoice on the bottom it has a 10% charge for HST. As I live in Alberta, I do not charge HST only GST. I have looked at editing the invoice and the tax information but cannot seem to find a way to remove the charge.In the Edit tax agency settings, the information for the box does say GST/HST number.Can anyone point me into the correct direction to delete HST?
error message about sales tax filing,"you cannot sales tax for the period that has been already filed."...but actually it was not filed.How can I move forward by removing the error message block?
The expense was imported from a credit card statement.
My hst is due and I don't know how much I'm supposed to pay!!
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Usually, HST is entered in conjunction with a service or goods charge, but in this case, the whole invoice is HST only.
My company is setup to use the Quick Method for HST remittance to CRA. This means that:HST on day to day expenses does not become an Input Tax Credit on HST remittanceHST on capital expenditures does become an Input Tax CreditA flat rate portion of the HST collected through billing gets submitted to CRA Does Quick Books Desktop support HST remittance using this method? What is the best practice method for tracing HST paid and collected to simplify Quick Method filing? What happens with the net of "HST collected - HST remitted - HST paid on non-capital expenditures" - does it become another form of Income in books? Thank You.
I am doing the bookkeeping for a Canadian charity, and one perk of charities is that they can claim half of the federal sales tax paid in expenses. What I've done to track this is created a group sales tax called 'NPO Purchases' that is divided into two taxes of 2.5% each. Whenever I add a bill QBO automatically separates the GST paid, and I can apply for a rebate after fiscal year end. As a charity our funding is defined by a number of contribution agreements which I track with the QBO Projects feature. I've encountered a problem where one half of the tax paid is not accounted for in the Project expenses - the bill will list the full amount but the Project will be short that 2.5%. For example, a bill for $100 will list as $105 in total, but on the Project expense report it will only list $102.50. It is irrelevant to our funders that we are claiming the GST back in our annual filing, as the full GST is an eligible expense in the contribution agreements. Is there a way to make
Looking for some help with how to properly record the customs duties and taxes on a purchase order for a shipment that was received. My main concern is how do a properly account for the taxes that were paid so that I can receive the tax credit. Do I need to create a second bill with the charges or add it on to the original purchase order? Thanks
Hello, We have an issue where the invoice line total is calculating incorrectly when we change the default tax code to QST. This only happens with the QST tax code. The code was set up using the QB Tax Wizard and all rates are correct. For example - 49.5 hours at a rate of $131.91414 should equal $6,529.75. However, the total on the line changes to $6,546.02 when the QST tax code is used. How is QB calculating incorrectly with this one tax code and how do we fix this? There has been no modification to the sales item and this only happens with the QST code, all other codes are fine. Thanks!
The GST is listed as 2.5% instead of 5% and the PST is listed as 9.5% instead of 7% How can this be corrected
Selling products as well as Electrical services on a First Nation. They are requesting that i do not charge them sales tax. How do I set that up in Quickbooks Online?
Hi, My GST refund that I was expecting was $12,961.51. However, I received $12,700.19 because I owed $265.15 in penalties for a late DAS report. How do I record my refund and account for the penalty amount without messing up the tax side? Any advice would be appreciated. Thank you.
One of my accounts are out of balance by the amount of two HST tax (Refunds) returns I received.I am new to QB and didn't realize I had to reconcile my HST account. One return was for the period July 11- Sept. 30, 2021 (refund received Dec. 2021) the second one was for the period Oct 1 - Dec 31, 2021 (refund received Feb. 2022) When I go into reconcile account it will only allow me to reconcile with an end date of Feb 28, 2022. and when I do that I get the following question:How do you want to pay your bill?The balance due for this account is $3,545.91. If you want, you can:Pay all or a portion of the bill nowEnter a bill to pay laterI am not sure what to do at this point because this is not a payment it was a refund? Thank you LT
My year end was the end of February and I made my last quarterly HST installment payment at the end of March. When I pull up my sale tax report to file my annual return, it does not include the last HST installment, since it happened after the fiscal year end. Is there a way to correct this?
https://www2.gov.bc.ca/assets/gov/taxes/sales-taxes/publications/notice-2022-003-provincial-sales-tax-on-fossil-fuel-combustion-systems-and-heat-pumps.pdf
Hi,I export a GFI format file from Sage 50, and when I import it to Pro Tax, a message shows that my file is not in GFI format, but my file is indeed in GFI Format , Can someone tell me why the GFI file can't be imported ? Thanks The GFI file that I import The message shows after import
I have a bill for HST owing in a previous period. I now have an HST refund that shows as an invoice in the current period. How do I apply the refund to the bill?
