How to stop the HST “OMG” Moment
“I owe HOW much in HST? You’ve got to be kidding – I don’t have that in the bank”. My client stared at the report in shock. We had finally straightened out his past-due federal Harmonized Sales Tax (HST) return. Now that he knew what he owed – he needed to figure out how he was going to pay it–since he’d already spent the money he’d collected. Oops.