Even if you qualify as a GST small supplier, you may still want to register for the GST. Doing so allows you to reclaim the GST/HST you've paid on business purchases, on everything from capital property to office supplies to GST/HSTinput tax credits. Upon starting a business, it's wi...
over any 12-month period. Such businesses may use a simplified GST/HST registration procedure. A business required to be registered under the simplified GST/HST can voluntarily apply to register for normal GST/HST, if it meets certain conditions. You can register under the simplified GST/HST...
A statement of purpose (SOP also called statement of intent), in the context of applying for graduate schools or universities, is an essay that’s one of the most important aspects of your application process because it tells the admission committee who you are, why you want to apply, why...
To collect taxes, a small business has to create a GST/HST account with the CRA. However, there is a difference between a small supplier and one that needs to register for a tax account. A small supplier is a partnership, corporation, or sole proprietorship that has made less than $30,...
Welcome to Business Central New and planned Get started Business functionality Overview of business functionality General business functionality Finance Finance overview Financial reports Manage receivables Receivables overview Accounts receivable reports and analytics Apply payments automatically and reconcile bank ...
It would be my pleasure to help walk you through the steps on how to check the settings. Here's how: Go to the Gear icon on the upper right pane. Select the Account and Settings tab. Choose Advance, then locate Automation. Verify if the Automatically...
Q: Can you provide guidance on how to properly apply paint to achieve a smooth and even finish? A: Select premium brushes and roller sleeves to avoid bristles and lint ending up in the paint. Try to ensure you have the brush or roller loaded appropriately, not too much or too little pa...
If you’re a U.S.- or Canada-based seller, the transaction fee will not apply to sales tax, Goods and Services Tax (GST), or Harmonized Sales Tax (HST), unless you’ve included those charges in your listing price. If you offer optional personalization for an additional fee, this fee...
Some provinces require you to collect separate provincial taxes on top of the federal GST/HST. How to file and remit indirect taxes Before you collect any taxes from your customers, ensure you are appropriately registered with the tax authorities in the area. In the US, businesses must register...
In turn, the wholesaler purchases the notebook for Rs. 15 and sells it to the retailer at a Rs. 2.50markupvalue for Rs. 17.50. The 10% tax on the gross value of the good will be Rs. 1.75, which the wholesaler can apply against the tax on the original cost price from the manufactu...