About TaxDetective

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About TaxDetective

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Re: It's a Corporation and I'm using Quickbooks Online for my...

Shareholders are not the same as owners. Shareholders don’t get docked when the corporation has an undetectable expense for tax. Please remove your other post a...

TaxDetective

Updated Jun 01, 2025
Re: Is there difference between Inclusive of Tax and Exclusive of Ta...

You may need to calculate the ITC differently if you have a not for profit or charity. If you get the same results either way and your taxes are set up properly...

TaxDetective

Updated Jun 23, 2023
Re: Is there difference between Inclusive of Tax and Exclusive of Ta...

Lol it is. I recommend testing each option to see how it works. Use $100 for each test transaction and see what happens. Set up a vendor and call it Test. Go ah...

TaxDetective

4

Updated Jun 23, 2023
Re: Is there difference between Inclusive of Tax and Exclusive of Ta...

Hi yes. You’d use out of scope. The other two are for paying for something with tax in the amount or on top of the amount. You’re not doing either. You’re payin...

TaxDetective

Updated Jun 23, 2023
Re: Is there difference between Inclusive of Tax and Exclusive of Ta...

Hi. You’d use out of scope.Inclusive of tax means you’re going to end up booking tax on a tax which isn’t ok. And exclusive means you are going to charge tax on...

TaxDetective

7

Updated Jun 23, 2023

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