What Small Business needs to do before HST commences

Many small businesses without knowing are and will not be ready for HST when it comes into effect. Below is information with some of the essentials of what a small business needs to do to comply.
   

• Upgrade your point-of-sale, cost and accounting systems so you're ready to implement the BC HST by July 1, 2010.
• Make sure you know what taxes you need to be charging when. Some services that did not have to have PST charged on them before will now have to charge HST. To know the details about how to tell when to charge HST or just GST, the Canada Revenue Agency's Harmonized Sales Tax: Place of supply rules for determining whether a supply is made in a province (GST/HST Technical Bulletin B-103) is especially useful. It explains how to apply HST to tangible and intangible personal property, real property and services and is studded with examples.
•  Familiarize yourself with the General Transitional Rules for BC HST. These explain "which tax — the existing PST or the BC component of the HST — would apply to transactions that straddle the July 1, 2010 implementation date for the HST."

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Source: About.com Guide