The forever-changing landscape of taxes and tax codes is changing once again. Several provinces have had tax changes in 2013; Quebec changed its QST calculations on January 1, 201,3 and PEI will be introducing the HST, while BC is reverting back to PST/GST as of April 1, 2013. Sage 50 Accounting has made these changes easier with newly integrated tax wizards.
The three new added wizards are:
1. HST update wizard (also available in the 2012 and 2011 editions).
2. BC PST wizard.
3. QST update wizard.
Using the wizards will make the switch that affects your province much easier. For files using previous versions of Sage 50, you can refer to our knowledge base articles for assistance on setting up tax codes.