HST for Music, Photos, Subcontractors
Hello, I am a freelance producer and have a project where the full budget comes through my company.
The subcontractors were paid in full including HST for which they submitted invoices to pay on.
I had to purchase pre-produced music and stock photos for which I paid taxes.
My question is when I am submitting HST collected, how do I work with these expenses and such? Thanks!
If you are using accounting software, the software handles the sales tax for you. All you will need to do is run your sales tax report for the appropriate reporting period.
I chat about how to handle GST/HST if you are using software … and if you are not (i.e. you are doing your books manually) … in this article:
Once you've read that article, let me know if that answers your questions or you if still have some questions.