Updating Sales Tax Rates in Quickbooks Online

Keeping Your Sales Tax Rates Updated in QuickBooks Online

Hey there! Let’s talk about something that may not be the most exciting part of running a business, but it’s super important—updating your sales tax rates in QuickBooks Online. We know tax rules change all the time, and making sure your rates are up to date can save you from headaches down the road.

Watch this short video for more details:

Why Bother Updating Sales Tax Rates?

First off, why does this even matter? Well, tax laws are always shifting, and using the wrong rate can mean either paying too much or too little—neither of which is good for your business. Plus, staying compliant keeps you out of trouble with tax authorities and ensures your books are in great shape when tax season rolls around.

What You Need to Do

Updating your tax rates in QuickBooks is easier than you might think! Here’s the gist of it:

• Check your tax settings – Head over to the Taxes menu in QuickBooks Online and review your current tax rates.

• Make sure your tax agencies and rates are up to date – If your state or local tax rates have changed, update them so your invoices and reports stay accurate.

If you have contracted our team to file and pay your monthly sales tax return, we’ll take it from there!