Tuesday, September 7, 2010
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Tax Remittance Adjuster
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Tax Remittance Adjuster

Periodically, many small business owners, independent workers and professionals have to fill out a tax remittance form. To do so, they need to subtract taxes they pay on invoices (products or services they acquire for their business) from the taxes they charge their clients.

Nevertheless, in some cases, invoices may apply to their professional/business and personal life (e.g. gas invoices): This tends to be laborious for some people, thus the advantage of adjusting every invoice before entering them in their accounting system.

With the Tax Remittance Adjuster, all you need to do is enter the total amount of an invoice (including all taxes) to get the data to enter in your accounting system.

Prior to using this tool, establish accounts and their ratios (this information will be kept only in cookies on your computer).

Try it out!

AMOUNT

Account

 
DESCRIPTION RATIO RESULTS
PROFESSIONAL %
GST %
    Taxable 
PST %
    Refundable 
PERSONAL AMOUNT

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