Add or Remove a Sales Tax

Switch to single-user mode (Sage 50 Premium Accounting)

1. In the Home window, on the Setup menu, select Settings. Click Company, Sales Taxes, and then Taxes.
2. Type the name of the tax on a new line in the Tax column.
3. Type a tax ID, such as your Canada Revenue Agency (CRA) Account Number, that you are required to include on invoices and other forms that use this tax.
4. Change the Exempt from this tax? option to Yes (click) if your company does not pay this tax on purchases.
5. Change the Is this tax taxable? option to Yes (click) if this tax is subject to other taxes.

Select the Charge on column for taxes that are applied to this tax in the Taxable Tax List window and click OK.

For example if an additional tax is charged on GST/HST, in the GST/HST Is this tax taxable? column click to select Yes and then in the Charge on column, click to select the additional tax or taxes being charged on GST/HST.

6. If your company is not exempt from this tax, click Find to select the Acct. to track tax paid on purchases.
7. Click Find to select the Acct. to track tax charged on sales.
8. (Optional) Change the Report on taxes option to Yes (click it) to include this tax in the Tax report.
9. Click OK.
10. Enter the new sales tax rate when you create a new tax code for this new tax.

1. In the Home window, on the Setup menu, select Settings. Click Company, Sales Taxes, and then Tax Codes.
2. Open any codes that the tax belongs to, select Tax, open the Edit menu, and select Remove Line.
3. Click OK.
4. Click on Taxes in the navigation pane of the Settings window.
5. Clear the tax from the Charged on column in any Taxable Tax Lists (Is this tax taxable?).
6. Click OK.
7. Select the tax in the Tax column, open the Edit menu, and select Remove Line.
8. Click OK.