2018-01-23 08:48:02 Self Employed English https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2018/01/Conducting-Business-From-Smartphone-2.jpg Calculate Sales Tax in Seconds with QuickBooks Self-Employed

Calculate Sales Tax in Seconds with QuickBooks Self-Employed

1 min read

Tax time can be a four-letter word for self-employed workers – whether you’re a real estate professional, drive for Uber or Lyft, sell your creations on Etsy or Stella & Dot, work freelance or part-time – especially when it comes to calculating sales tax.

With the Sales Tax feature in QuickBooks Self-Employed, you can now track and account for the collection and payment of GST, PST, and HST so that you always know exactly where you stand and how much you’ll owe come tax time.

Ready to say goodbye to unwanted tax time surprises? Here’s how to set up Sales Tax in QuickBooks Self-Employed:

First, open the QuickBooks Self-Employed app on your phone. You’ll be asked if you need to file GST, PST or HST on the home screen. Select ‘Yes’.

Sales Tax QuickBooks Self-Employed

From here, you’ll be taken to the Sales Tax screen. Select the province where your business is registered, as well as how you’d like to charge sales tax. We’ve done the math for you on tax rates around the country, so you can know exactly what you owe based on your province.

Sales Tax QuickBooks Self-Employed

We’ll share a suggestion of what other business in your area use, but for more information on exclusive and inclusive sales tax, click on the information icon. That way you can select what’s best for your business.

Once you’ve filled out all the required information, hit “Set up sales tax” and you’re ready to go!

QuickBooks Self-Employed, it’s never been easier to keep a close pulse on the health of your business and understand exactly how much money is going in and coming out – every kilometre driven, every buck expensed, every tax dollar owed.

Now that’s a complete picture of your finances.

Sales Tax QuickBooks Self-Employed

To learn more about QuickBooks Self-Employed: https://quickbooks.intuit.com/ca/self-employed/

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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