Calculating Sales Tax Just Got Simpler

Sales tax can be tricky. The numbers and rates change based on where you are, what you sell and where you ship. Staying on top of the ever-changing tax laws is a job in itself. That’s why we’re thrilled to announce our new automatic sales tax experience in QuickBooks® Online.

Gone are the days of manual sales tax. Let QuickBooks do the math for you by calculating the exact amount you need to collect. We’ll let you know when and how much you need to pay your tax agency. You can even e-file your return and pay sales tax directly in the product.

Best of all, we keep track of (and update) more than 60,000 tax laws. That way you can devote your time to your business while QuickBooks automatically keeps you compliant.

How QuickBooks Calculates Sales Tax

It might seem like magic, but we consider a variety of factors to calculate sales tax for you. Automatic sales tax uses info from each sale to calculate what you need to charge, including:

  • Where you’re registered to collect sales tax
  • Your physical business address
  • The physical address on the sales receipt or invoice

Want to see how sales tax gets calculated for a sale? Just select Sales tax on the transaction.

How to Turn on Automatic Sales Tax

Select Taxes on the QuickBooks Online dashboard.

Select View return on your monthly tax return.

Select Make the switch.

It’s that simple. Make the switch today to spend less time calculating sales tax and more time growing your business.

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Source: Calculating Sales Tax Just Got Simpler, QuickBooks Blog

For more information about QuickBooks Online, please visit the QuickBooks Online website.