Question

Retainer instalment not taxed

  • 26 February 2021
  • 1 reply
  • 11 views

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Hello!  I am struggling to understand something in the invoices.  In my state in order for a retainer to not be taxed it has to be labeled as non-refundable retainer on the invoice.  I see there isn’t a place to add a note on the retainer installment but I can add a note on the invoice itself.  So my question is if I add the installment of a retainer at 50% not taxed and the client decides to pay the full amount upfront anyway will it know to not tax the 50% retainer, or will it tax the whole thing?  Thanks!


1 reply

Userlevel 6
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Hey @ChelseaB! I’m not sure, but we are looking into it for you.  It will probably be Monday before I get that clarification. 

Megan

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