On July 1st, 2013, the Manitoba government is changing the PST rate to 8%.
The process of ensuring that your small business stays up-to-date with changes like this can be challenging. Here are three ways QuickBooks makes the transition as simple as possible for your business:
1. Tracking and remitting sales taxes
QuickBooks simplifies the task of tracking and remitting sales taxes because it tracks the amounts of tax you collect and pay and then automatically generates GST/HST returns and lets you EFILE them with the Canada Revenue Agency. How much easier could it get?
2. Streamlining the tax tracking and filing process
WIth QuickBooks, all of your tax information is on one place, streamlining the tax tracking and filing process. No more rummaging about hunting for paper invoices or needing to open several spreadsheets and work back and forth between them. You can invoice directly from within the program. And if you need to, it’s easy to import data from Excel®, Outlook® and webmail as well.
If you’re not already using QuickBooks to handle your business’s accounting needs, dealing with tax rate changes is just one more reason to give QuickBooks a try. Free trials are available now.
For more information on the sales tax changes coming into effect July 1st, 2013 in Manitoba, see the Government of Manitoba’s Transitional Rules.