Once you’ve determined when to declare, you can follow the next steps for each jurisdiction where you’re registered! Calculate your gross sales & taxable sales for the reporting period “Transactions for the sale or purchase of tangible personal property or taxable services must be reported on the dealer's sales tax return for the month or quarter in which the sale was made, the service rendered, or the purchased property was imported into the state for use, regardless of when the proceeds of sales are collected, or when payment to the seller is required.” Other states stipulate when you must declare the tax, such as Louisiana, which says: You just need to choose one method and stick with it! In some states, you have the choice of how you report, such as Missouri. “Sale basis” means when the sale was made, “cash basis” when the payment is received. In the United States, this varies from state to state and can depend on your accounting and reporting method. So it’s even more important that you learn the basics of US sales tax and the declaration process!īefore we begin, you should know that how you calculate your tax declarations could depend on your accounting practices or special tax schemes for certain products. You file online either once a year, every quarter, or every month. Particularly for digital entrepreneurs, SaaS and e-commerce businesses, declaring GST is a standard routine. This determines how much you owe the local government, or how much they own you as a refund. Who is and isn’t entitled to overtime varies by province, so please refer to provincial guidelines for more information.Filing a sales tax return in any of the US states is a relatively simple process, but you must make sure to calculate your input and output taxes correctly. It’s also important to note that managers and supervisors are exempt from overtime pay. However, there are some exempt professions that don’t qualify for overtime pay – including doctors, lawyers, and architects, among others. Hourly and salaried workers are eligible to receive overtime pay in Canada. That said, there are several exceptions, and the overtime rate may differ depending on location. In most provinces, the overtime rate is 1.5 times the employee’s regular compensation, and it’s typically paid after an employee works more than eight hours a day or 40 hours per week. If your employees work over a certain threshold, you are required to pay them extra. The following table provides an overview of the minimum hourly rate for general workers by province or territory:Ĭanadian labour laws protect workers from being overworked and underpaid. See our 2021 Canadian Payroll Year-End Guide for a table outlining the minimum hourly rate for general workers by province or territory. Please note, some local exceptions based on profession. For a handy guide, download this Minimum Wage Map.See The National Payroll Institute’s Minimum Wage Updates for information on special minimum wage rates for certain categories of employees.The following table provides the general minimum wage at the federal and provincial/territorial level as well dates these rates became effective.įor more information minimal wage compliance and rules, please refer to your provincial provincial/territorial website linked below. Minimum wage differs from one province or territory to the next. Most employees are eligible for minimum wage, whether they are full-time, part-time, casual employees, or are paid an hourly rate, commission, piece rate, flat rate, or salary. Minimum wage is the lowest wage rate an employer can pay an employee. Here’s a list of our most frequently asked questions. As experts in Canadian payroll legislation, we’re often asked about minimum wage, overtime, and more.
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