How Do I Setup Sales Taxes
                     Set Up Sales Tax in 
Sage 50- Instructions
When setting up sales tax in Sage 50, there are a few important 
things to keep in mind. First, you'll need to decide which 
jurisdiction your business operates within. This can be done by 
selecting the "Setup Sales Tax in Sage 50" tab in the Tax menu, 
clicking on the arrow next to the jurisdiction name, and selecting 
the appropriate country from the list. Once you've determined 
your jurisdiction, you'll need to determine your tax rate.
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How to Create Sales Tax in Sage 
50
 1) Product Sales: For products that have been sold, Sage 
will determine the cost of the product and subtract this 
from the vendor's account balance at the time of sale. This 
number is referred to as gross margin.
 Sage 50 Payroll Tax Calculation Errors  
 2) Shipping and Handling Costs: If any shipping or 
handling costs were incurred when selling products, they 
will also be reflected in this number.
 3) Taxation: If applicable, taxes will then be added back 
into this total and subtracted from the vendor's account 
balance at closing.
 Visit here: Printing the New 1099-NEC in Sage 50
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How to Pay Sales Tax in Sage 50
 Sales tax is a tax on the sale of 
goods and services in most 
countries.
 The amount of tax owed depends on 
the country, the type of product or 
service being sold, and the 
customer's location.
 In order to calculate sales tax, it is 
first necessary to determine what 
type of business you are involved in.
 This can be done by looking at your 
business's IRS form 941-ES 
(Employer’s Annual Federal Tax 
Return). 
 Read also: 
e-Filing 1099s and 1096s form Sage 
50
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