Communities and Collections
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Quick method of accounting for GST/HST is an alternate option available to small businesses to calculate their net GST/HST, especially for those who do not have much to claim/adjust as ITC (input tax credit) against GST/HST collected on revenues. Such small businesses are able to keep some money out of HST collected, spend less time to calculate the net tax for GST/HST purposes and do less paperwork. Read our blog to learn more about this https://maqcpa.ca/method-accounting-gst-hst/
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