Taxes

Hi, I am needing assistance on how to record an expense with GST and PST. I am not registered to remit PST so that portion must go to the expense account and the GST is calculated on the subtotal (before PST). How do I enter this expense into the system. Currently, I am entering 2 expense lines for each expense:-one being the subtotal (with GST added to this amount)-the other being the PST (with the tax amount being exempt) This is the only work around I have found regarding the GST being correct and the PST getting allocated to the expense account. Please advise if any other way to enter because now in my expense accounts I will have 2 lines for every expense (subtotal and PST).

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Hi, I have a chalet under management by a property manager.  They collect the sales, and send me deposits monthly (the profit). Quebec lodging tax paid by property manager. The sales taxes are paid by me. I do not know how to set this up in Quickbooks.  For example, assuming a sale of 10 nights at 100$: Sale: 1000Lodging tax: 35Total: 1035PST: 51.75QST: 103.24Total: 1189.99 The deposit I have is NOT 1189.99, as the property manager is doing the loding tax remittance. The deposit is 1154.99 How can I enter this deposit: where 1154.99 is my sales and 51.75+103.24 for sales taxes ? Thanks! 

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I'm entering an expense for an Insurance Premium in QBO, to which I'd like to make sure to track the 9% tax rate on insurance premiums, so I can remit them at EOY. This is pretty-similar to the Sales Tax agency workflow, so I decided to create a custom Tax Agency for annual remittance to which I have configured a 9% tax-code on purchases. When I finish processing my bill, and assign the Insurance-Premium tax-code for the premium amount, I can't seem to find the amount recorded anywhere for any date on the Taxes/Sales Tax/Custom Agency I just created. Is this a bug or a feature? 

The system allows me to delete HST payments, but not installments. I have a very convoluted set of payments into different periods with the CRA and there were many transfers made between periods by myself and by the CRA, such that it is not possible to record a proper set of HST payments that match up with the individual banking transactions. I would like to roll back to a point where I can start entering them in sequence to fix things. There are installments that I cannot delete. My plan is to create another account that I can record all these pre-payments into, and then allocate the payments one by one from that account against the HST filings to mirror what the CRA did.

I am a newer bookkeeper and looking for a little guidance... I am reconciling an account for a client. He has made payments to CRA for Payroll Liabilities. His payroll is not set up for direct payment, so I am entering them as an expense out of his bank account.... are these exempt? or zero rated? when categorizing the expense?Thanks for your help.

Due to huge refunds we had to do for a big event that was cancelled our GST return shows negative amounts on both Line 101 and 103 on the QBO proforma GST return.   When attempting to file the return online, negative numbers on these lines are rejected. After 3 hours on hold with CRA, I discovered that QBO does not treat credit memos and refunds properly on the GST return.  According to CRA refunded GST should be reported on Line 107.  Refunds and credit memos should not be deducted from Sales to be reported on Line 101. Has anyone information to the contrary?

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The system only provides 13%. In Manitoba it is now 12%

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I tried the pro tax trial yesterday, entered some data and then click the save and close button, but I found the T2 return was not saved. I need to  create a new return and redo all work after I log in to pro tax interface again, The T2 tax return I made before is missing.Does the trial version have no save function? Thanks   

When I try to select 'GST Payable' it gives me an error based on tax code used

I rent a booth space from a company. Each month they give me a cheque for the total $ of product sold less the monthly rent fee. How do I reconcile those transactions in my banking?

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I upgraded from a 2013 Quickbooks desktop  to Premier desktop 2021.   First time using the new  program to do our sales taxes (GST/HST/QST  from Oct 01-Dec.31).  I have encountered a problem that I cannot seem to figure out.  The taxes are due at the end of the month. There is a large amount of "unassigned transactions" that seem to be messing with the report. When clicking on the "unassigned transactions"  nothing happens, doesn't take you anywhere. Is this problem stemming from the upgrade?  Something overlooked, not done? Thanks for any help or advice.  

Using QBO, new customers created are assigned "use default tax code." I am in BC, where often PST and GST are charged. I have an "S" standard tax code, charging both taxes, but some items should be taxes GST only. Imported data creates A new customer with a new invoice. For my business, 99% of invoices should be GST only, so I am required to manually edit each item on each invoice change the tax code from "S" to "G." How do I change the default code from "S" to "G"? I have followed many solutions attempts without success. I don't see to have the "related tasks" the "Sales Tax" area. or have the "Edit sales tax settings". 

I'm trying to set up WSIB in Quickbooks Online in Ontaio.  When I go to Preferences --> Payroll Section --> Provincial/Territorial Taxes - ON,  I get to the section Ontario (WSIB) Workers' Comp Remittance Frequency From there, I have the Remittance Frequency Section with a drop down menu that lists Quarterly, Monthly and Annually.  I have to remit quarterly so I select that from the drop down but when I then select OK I get the error message: Please enter a valid date in the format mm/dd/yyyy. There is no date field on this form so I don't know what to do next.

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I thought I just had to make an adjustment from the Reimbursement account to the Employee Expenses accounts but they don't translate onto the GST/ITC report. We are at year-end and I need to get those ITC credits and would like our report to match what I submit to the CRA.

We sometimes have customers pay through QuickBooks invoicing and are charged a service fee of 2.9% $0.25 per transaction. Is HST applied to this service fee?