Tax Rate Groups for US and Canadian Clients
Published: 03/10/2022
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Good news for our international customers—especially those from the US and Canada. Timesheet Portal now features a helpful addition for you. We recognise that taxes and their calculation can be a complex issue, with various complexities that differ from state to state. As our international user base continues to grow, we are keen to address this challenge.
Although this isn’t a completely new feature, it has now been optimised to cater to customers outside the UK and Europe. You can now create tax rate groups, enabling you to specify more than one tax rate on an invoice (for example, federal tax) and a local rate (such as state tax). We hope this will be a significant game changer for both existing and future clients, as we have identified a substantial gap in the market for this particular feature on other platforms.
As explained above, we are now offering our international clients greater flexibility in adjusting their taxes. This aims to reduce the time spent calculating timesheets across various regions where they may be subject to different tax brackets and more.
You can add this feature by navigating to: Settings > Account > Tax Rates > Create New Tax Rate. First, create both necessary tax rates, such as GST and PST. Then, create a new tax rate and select 'Convert to Tax Rate Group'. Choose the two tax rates you want to group and click ‘Update’. Afterwards, you can add this tax rate group to the client record or directly to an invoice.
At Timesheet Portal, we are always looking for ways to give our clients as much value as we can. All of our updates and changes begin with you. Therefore, if you have any complaints, suggestions or would just like to provide feedback - we are waiting to hear from you.