Wave Accounting makes it easy to control the taxes that affect your business. For example, as Ontario and British Columbia launch their new HST tax on July 1 all you need to do is go into your business settings, click on Sales Tax and make the necessary adjustment. From that point on the application will automatically calculate all of your necessary taxes.
When you’re interested in seeing how much tax you’ve collected and spent you have two options: 1. you can look at the tax widget on the dashboard or, 2. you can run a Sales Tax Report from the Reports tab.
If you have any specific questions about how the HST (or any other taxes) might change the way you do business please talk to your accountant or bookkeeper.
Find out first: