Re: I charge a flat fee (say $100 per day) for my service. I will need to register for GST. How do I keep track of GST on invoices? Do I "charge" 95% of my flat fee + GST?
I charge a flat fee (say $100 per day) for my service. I will need to register for GST. How do I keep track of GST on invoices? Do I "charge" 95% of my flat fee + GST?
I charge a flat fee (say $100 per day) for my service. I will need to register for GST. How do I keep track of GST on invoices? Do I "charge" 95% of my flat fee + GST?
If your fee is $100, then you would invoice your customer $100 plus 5% GST. To help you create invoices and keep track of your sales tax, you might want to consider using software such as QuickBooks. You can learn more about QuickBooks here: https://quickbooks.intuit.com/ca/
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