The new turnover report simplify the tracking and management of all your tax registration and collection obligations worldwide. It will replace the good old thresholds report.
This report will let you know if you are liable for tax collection in a particular jurisdiction, based on either your sales volume or the number of transactions where applicable.
Once you have registered in a particular jurisdiction, just head to the … menu and click Add jurisdiction to start collecting taxes in that jurisdiction. Easy peasy!
Head to Turnover report to learn more, you're gonna love it!
- We're adding new webhooks,
threshold.exceeded, for the new Turnover report. See an example of the payload here.
- Most curl examples from https://developers.quaderno.io/api/ had been updated to make sure they reflect the current status of our API, and a few more examples and clarifications were added. Head to its public repo for details.
- If you need to edit coupons you're using with Quaderno Checkout, you can now do so directly in Stripe. You would not be able to edit coupons in Quaderno if they are linked to Stripe coupons.
abandonedcheckout sessions are now automatically removed after seven days of inactivity (this is, no updates or not submission attempts from the customer).
Digital Consultant's Guide to Sales Tax, VAT, and GST - Quaderno
As a digital consultant, your business is all about helping other people level up, to optimize their businesses and become the best versions of themselves. The only way you've come this far is because you think strategically and you make smart decisions. You put in place systems that minimize workload and maximize productivity.
How to comply with IFRS accounting standards - Quaderno
International Financial Reporting Standards (IFRS) lurk in the background for many digital businesses that operate around the world. As an online entrepreneur, you know about the various sales tax, VAT, and GST laws that apply when you sell across borders. But sometimes there are specific ways of accounting that you must adhere to, as well.
Now you can manage all your Quaderno accounts from your own Quaderno dashboard. This is very useful for businesses with different legal entities or separate Quaderno accounts for different areas of the business.
The new feature is available now for adding new accounts. If you have already been using multiple Quaderno accounts, stay tuned for more information on migrating your accounts in the coming days, or just contact our support team if you have any questions!
You can read more details about this feature in Managing multiple accounts. Bye bye to logging in and out!
- Creating and updating Custom Connect accounts (
/accountsendpoint) now accepts specifying the
default_tax_code. Before, defaults of
- Our policy regarding API Versioning has been expanded and clarified.
How to prepare a sales tax return - Quaderno
Filing a sales tax return in any of the US states is a relatively simple process, but you must make sure to calculate your input and output taxes correctly. This determines how much you owe the local government, or how much they own you as a refund.
How to prepare a GST return - Quaderno
Filing a GST return is a relatively simple process, but you must make sure to calculate your input and output taxes correctly. This determines how much you owe the government, or how much they own you as a refund. Particularly for digital entrepreneurs, SaaS and e-commerce businesses, declaring GST is a standard routine.
We have included a new tax code:
consulting. It's designed for those users who sell consulting or professional services and need to collect sales tax in their local jurisdiction and no taxes abroad.
We're introducing two new user roles so that you can send invitations from the users page with granular permissions:
- Accountant – Best for accountants and tax advisors who need to download data and reports.
- Developer – Best for developers or users primarily using the Quaderno API.
Read more about roles and permissions on Managing your team.
- Now a
paidinvoice will display related credit notes in the
other datasection if applicable (replacing the
- There's a new
remittedstatus for invoices with GoCardless' direct debit payments.
- Credit notes can now be voided. They won't show up on reports. Read more in Voiding a credit note.
- The old API pagination was programmed to be removed on July 1st but we've extended the date to 31 August as a few users were still migrating. Read the guide for upgrading and ask us for help if needed!
- We're adding a backwards-compatible change to the API for the new Voiding a credit note feature – see (3) –. The new endpoint is
PUT /credits/CREDIT_ID/void. This is specially useful to correct mistakes: as deleting invoices is no longer possible to complain with tax rules worldwide, you can cancel out an invoice with a credit note, or void a credit if needed. Check the dev docs here.
In order to support sellers who are registered in the EU import scheme (IOSS), we've created the option to indicate your registration status when adding the jurisdiction to your account.
If you're registered in the import scheme (IOSS), just select the option
Registered in import schemewhen adding the jurisdiction European Union - OSS / IOSS to your account. Quaderno would then apply EU VAT on all imports under the 150EUR threshold.
The checkbox is not selected by default. That means that Quaderno won't apply tax on imports of physical goods into the EU.
On 1 July, we introduced changes related to tax calculations for standard and reduced rate physical goods and services in order to ensure compliance with the new OSS scheme in the EU. From this date forward, the tax calculated on your invoices to customers in other countries may have changed based on your default product type (
If you are using the standard or reduced tax classes, we recommend reviewing your product type settings and selecting the default product type based on the products you sell most. Read Adding your preferences in case you want to change these settings!
If you are selling both product types, we recommend reviewing your products and integrations to ensure Quaderno can distinguish the product type for each sale. Read more in Managing products with different tax rates.
What is a zero-rated supply? - Quaderno
Zero-rated supplies are goods and services that hold a very niche spot in the tax system. It's especially important for remote sellers to understand the definition! Read on to learn: The difference between zero-rated and tax-exempt How VAT and GST rules use the term Which products fall under this category in the EU, UK, and other countries around the world.
What are notice and report laws in the US? - Quaderno
Notice & report laws in the US are specific tax rules for remote sellers, or any out-of-state businesses that have customers inside the state. These rules are designed to rope e-commerce, SaaS, and other digital businesses into sales tax obligations. These rules also apply to marketplace facilitators and providers!
E-commerce EU VAT changes in 2021 - Quaderno
E-commerce businesses around the globe, listen up! Major changes are coming to EU VAT in the middle of 2021. On 1 July, to be exact. The new rules will transform how you do business in the European Union. So it's better to thoroughly understand them ahead of time and get ready.