How to add taxation in QuickBook Online

Here are the steps to add taxes in QuickBooks Online:

1. Go to the "Settings" menu and select "Tax."
2. Click on the "New Tax" button to create a new tax item.
3. Enter a name for the tax, for example, "Sales Tax."
4. If the tax is based on a percentage, enter the percentage rate in the "Rate" field.
5. Choose the type of tax from the "Tax Type" dropdown menu. For example, if it's a sales tax, choose "Sales Tax."
6. If the tax is applied only in specific regions, select "Use a tax agency" and choose the relevant tax agency from the dropdown menu.
7. If the tax is based on the products and services you sell, select "Use product/service-based taxation."
8. Click on the "Save" button to save the new tax item.

Now you can assign the newly created tax item to products and services in QuickBooks Online. To do this:

1. Go to the "Products and Services" list.
2. Click on the name of the product or service you want to assign a tax to.
3. In the "Product Information" section, select the tax item from the "Tax" dropdown menu.
4. Save the changes to the product or service.

These taxes will automatically be calculated and added to invoices, sales receipts, and other financial transactions in QuickBooks Online