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Below is an excerpt from an article by Carl Beck, CMA, Sales Tax Advisor. This article underlines some of the benefits HST may bring to BC’s construction industry. It is a detailed article with some interesting to questionable points on the benefits and how it may vary across the industry. The excerpt summarizes some of these points.

LedgersOnline Accounting and Bookkeeping services, integrates easily with the popular online accounting version of QuickBooks. All our staff are highly qualified and trained to use QuickBooks online. We are also an affordable and cost effective solution to any sized company looking for Accounting or Bookkeeping help and use the QuickBooks online version.

LedgersOnline Accounting and Bookkeeping services integrates with the every popular web-based construction software, Corecon. All our staff are highly qualified and trained to use this software. We are also an affordable and cost effective solution to any sized construction company looking for Accounting or Bookkeeping help and use the Corecon package.

HST stands for Harmonized Sales Tax which is the combination of Provincial Sales Tax (PST) and Goods and Services Tax (GST) into one unified tax. On July 1st, 2010 British Columbia and Ontario will also be adopting HST at 12% and 13% respectively.

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