01/14/2026
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First Solution Bookkeeping & Tax Services Inc.
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With over 20 years of practical experience we have assisted a variety of clients with their bookkeeping and tax needs.
Our mission is to help individuals be successful and achieve their goals.
01/14/2026
10/09/2025
In reality, sales tax (like GST/HST or PST) should be recorded as a liability on your books - not an expense.
The sales tax you collect from your clients isn't part of your revenue. It's a short-term liability your business owes to the government. As you remit those amounts, your liability decreases accordingly.
If this is something you need help with, give us a call for bookkeeping services!
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Cambridge, ON