Taxes
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Looks like the previous bookkeeper never filed the HST from QuickBooks Desktop. It was all done straight from the CRA webiste. How do I fix this so going forward I can file from QuickBooks. The balances are all off because nothing was ever done from QB. Please help....thank you so much in advance!
Hi,I've bought Turbo Tax Business Incorporated. I've submitted T2 on Turbo Tax to CRA. Now I can not find my report on " Open an existing Turbo Tax Business Incorporated file" on Turbo Tax anymore. Pls instruct me how to open it? And how many Incorporated company I can do T2 on this one TurboTax? If I can do more than one company on it , will I click " Create a new Turbo Tax Business Incorporated file" to create another new one and send to CRA?I bought Turbo Tax of year 2018, can I do T2 of fiscal year 2019 on this Turbo Tax of year 2018?What kind of Turbo Tax Software can I buy to do T2 for Sole Proprietorship company? Thanks for your support,Tu Le
The "commission" (discount) is received for filing and paying in full each month. It is essentially like a thank you from the government for collecting and remitting on time. Quickbooks did not calculate for the commission and therefore the amount owing was not correct. I made a manual adjustment to the return to correct this but it threw my cash out of balance as a result of offsetting the adjustment to the cash account. How can I get QB to correctly calculate the PST return the same was at e-tax?
I have a newly set up set of books on QBO so there is no tax filing report yet. The refund was from a previous year filing by another accountant, so there is no Tax report to show it against. Do I just deposit to bank against account HST Suspense?
Hello,So I have a problem in Quickbooks Online that I am going to try and explain as clearly as possible.Several months ago, I created an invoice for a rather long running project, to track the materials used for the project, and did not send the invoice to the customer. I recently returned to the invoice, to add more materials to it, and Quickbooks told me, "You have already paid taxes on this invoice and cannot make changes." (I realize now that I should not create invoices and leave them sit)So I consulted my bookkeeper to ask what to do in this situation, and my bookkeeper advised me to void the invoice and Quickbooks will take care of the tax problem. However, I was searching the help forum and found a related post saying that, in order to deal with this situation you need to create a credit memo.So I have:-paid taxes on an invoice that never reached the customer.-voided that invoice.-want to get the taxes back that I paid on that invoice What do I do?
RE: How do I properly record GST/HST (quick method) and close it at the year end? Hello everyone. I tried to research for a few days with no success. So I have to ask for community/support help.I have a very small incorporated business, using QuickBooks Online for books. Cannot figure out how to properly record transactions related to the year end and GST/HST. I use ‘quick’ method for GST/HST tax calculation. Here is the challenge. During a tax year I record income and expenses properly allocating GST/HST, it goes to ‘GSTHST Payable’ account and there is no problem with that. In example below I use numbers just to illustrate the issue, do not pay attention to actual value. - Let’s say during a year I paid $1000 HST as part of purchases. (Credited to GST Payable)- $400 of HST paid for Capital Assets (CCA) and this amount I will use as ITC (because of quick method, so I can use as ITC only HST for such significant items)- My understanding that the rest $
Purchased products from Ontario. I am in BC. On the receipt, they charged me 13% HST (ON). My only options in my accounts are BC HST, PST or GST. How do I enter this? I can't add taxes to each individual supplier.
