Taxes
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I missed several quarters but QB's doesn't seem to allow me to make these entries. It tells me I've already filed them even though they're not listed in the filed section. Thanks in advance.
I prepared my books for my one person corporation in Quickbooks Desktop. I proceeded to fill in the tax forms. When I finished it shows that I owesome taxes. When I come back to my books and post this tax as an expense, it changes all the numbers and it changes my P&L and balance sheet. If iftake those numbers again and try to put them in the tax form, this would become a cycle. How do I avoid this. In particular, if I show the tax I oweas a liability or accounts payable, which account should it be debited against? An expense account, an Asset, Owner's equity, Retained earnings?Which one? I am confused and need help. Thanks.
2 numbers for HST/GST in one company
Hi there, I have a couple questions regarding a GST instalment for annual filing. My GST annual return for 2019 was normally due in March 2020 this year. With the Covid-19 CRA allowed companies to defer their GST payment owing. I did make an installment in April of this year and the balance owing was paid end of June. I booked the Aprilinstallment as mentioned from prior assistance in this forum . However, because the installment was after YR end it doesn't pull into the Sales Tax Return to file on line 110 for my annual return for Jan 1.2019-Dec 31.2019. Do I have to do a Sales Tax Adjustment and if so when the screen pops up for the following:Adjustment - date is for Dec 31.2019 (which is the correct yr) -Tax Agency > Receiver General Sales Tax Item - GST InstalmentsTax Line -Line 110 Instalment and other annual filer payments Sales Tax Account > ITC PayableAdjustment Account > Do I leave it as this account (says what accou
Hello. Need some help with an end of year HST file for 2019. My accountant had already made a journal entry to account for end of fiscal HST amount owing in 2019. I in turn made the payment journal entry in 2020 (credit bank account, debit HST payable. I thought that this journal entry would have cleared out my HST account, but I noticed that the amount was still showing. I then went into the Manage Sales Tax to clear this out, but I now have the matching amount under the "Pay Bills Section". This was already paid in March 2020. Any information on how to either remove the amount owing, or to completely reverse the Tax File/Payment function I used under "Manage Sales Tax"? Thank You!
Is there a way to make sure that the city /county sales tax rates are always up-to-date in QB? Rate changes in CA get published throughout the year and I want to see if there is maybe an add-on that we can use to make sure these updates happen without us having to look up and change the information. Thanks.
How do I change the name of the tax code. for ex. I want GST to be called G, GST&PST to be called S. This make it much faster to enter tax info. Doug
A customer was Invoice in March 2019, sales tax was paid for period ending the same. A credit memo was issue in May 2019 and reported for period ending June 2019. State refund check deposited January 2020.How do I clear up the Sales tax Liability report? It shows the credit memo on Sale Tax - Los Angeles County but the refund under State Board of Equalization. Thank you for your assistance.
Good afternoonMy client is trying to generate their GST/QST Report for the monthly payment, but somehow, even though tthere was some sales and bill payment, the report shows all 0.00$ I am including a screen capture to show what I mean.... the accountant swear she did exactly what she always did prior to the confinement (no transaction per say in March, april and may).... If you look at the detail of the QST/GST Payable account, we do see transactions with amounts, but when generating the sale tax agency report, is all 0$.... Does anybody know why ?
Hi! A little bit of background... I took over as the general office manager of a newer company in March of this year. I have very little book keeping experience, and things have gotten far more confusing than I am able to manage. I have been in contact with our company's accountant and he is not fully able to help with the specific intricacies regarding GST in the specific situation we are in. We filed our GST in QB in January and then locked our books for the accountant following that. For every month following, until we had our books back in June, we manually calculated our GST return/refund. Our problem is now that we have our books back, and we went through and made the changes our accountant told us to make to finalize 2019. As a result, all of our manual calculations and filed refunds/returns do not match what QB now says they should be. We went through and modified all of the filings in QB to match what we submitted to the CRA, and now
in Ontario
how do I see 2019 sales tax filings?
Hey there. Hoping for some help from all the Qbooks users. We file our HST instalments quarterly in QBD, but are now trying to run the sales tax report to show our annual return. The report shows our total for line 101, but nothing for 105 & 108. Combined we'd have figures here but can't figure out how to get the report to show the proper #'s. As well, we received a refund from the Receiver General last year which was posted against the GST account. Anyone how where to post this receipt to? Thank you.
In the taxes report GST & QST the interest income ( Other incomes ) is linked to sales amounts, how can I fixed this
