April 3rd, 2012
Anyone living in Nova Scotia will recall the disappointment when our HST rate went from 13% up to 15%. ¬†So it is very welcome news to hear that the same government that increased the rate is now promising to lower it back to 14% in 2014 and 13% in 2015. ¬†It seems our provincial fortunes have increased enough to make this possible.
While this is indeed very welcome news, there is one item of annoyance. ¬†Are any other businesses getting a bit tired of changing all their billing systems to account for the change in the HST rate? ¬†Shouldn’t there be some compensation to small business owners for the extra paperwork involved? ¬†I’m (mostly) just kidding, but the governments need to keep that in mind as they tinker with the sales tax rates.
As the HST rates change, if you need help with reconfiguring your Simply Accounting or QuickBooks programs, give us a call or an email. ¬†We at Priority Taxation will be happy to assist.Filed under: Business tax by David Boese 1 Comment »