Set up taxes for your Helcim account

We know taxes aren’t the most thrilling topic, but setting them up correctly in your Helcim account is crucial. This ensures that the correct taxes are applied to your transactions, which is essential for accurate accounting and reporting.

Let's tackle setting up taxes together, and you'll be accepting payments in no time.

In this article

• Default tax settings

• Editing existing tax regions

• Adding tax regions

• Next steps

• FAQs

Default tax settings

Helcim automatically calculates taxes on orders and purchases, unless a product is marked as tax-exempt. The billing address determines the applicable taxes, so you'll need your customer's address in the system for accurate calculations.

Editing existing tax regions

If you have tax percentages that differ from the defaults, you may need to edit the existing tax regions. To do so, follow these steps:

1. Go to All Tools > Settings

2. Under the Merchant Account Settings category, select Taxes.

3. Select the tax region you want to edit (e.g. Canada).

4. Edit the tax settings at the country level by modifying the Country, Tax Name, and Tax Rate.

5. If you need to edit tax settings on a provincial or state level, click on State/Province Taxes on the left-hand side of your screen.

6. From here, you can edit the State or Province, Tax Name, Tax Rate, and how it is calculated for each region.

7. Click Save to apply your changes.

Adding tax regions

If you need to add taxes for a different country besides Canada or the US, follow these steps:

1. Go to All Tools > Settings

2. Under the Merchant Account Settings category, select Taxes.

3. Select Add Tax Region.

4. Select a Country, add a Tax Name, and enter a Tax Rate.

5. Click Save to add your tax region.

Next Steps

Now that you've set up your taxes, you're well on your way to accepting payments! Next, let's get you set up with what you need to process transactions.