The evil tax collectors of this world seem to compete with each other to find the most inane and stupid protection rackets to extort money from people, and very often the ways that they structure their tax laws cause an enormous amount of work that causes great difficult and expense in administration alone.

This section is designed to help you structure your system in a way that will minimise your inconvenience and administrative overheads when these paragons of ethics and virtue change their minds and decide to structure tax collections in some new manner.

SELLmatix allows tax information to be calculated on one of two ways.

1. By setting up a table of tax rates, and linking each item sold to an entry in the tax rate table. In that way, when taxes change, you simply change the information in the tax rate table, and that is automatically applied to all items that use that tax rate.
2. By specifying a tax rate percentage on an item by item basis.

The only reason that the second option exists is that some retailers using SELLmatix have their masterfiles maintained by franchise warehouses which provide the information in this manner. If that does not apply to you, then don't even think of using this method. Use the tax rate tables instead.

You should set up a tax table entry for each different rate that applies to goods you sell. If you sell some items that are untaxed, then you should set a tax table entry with a tax rate of zero. You should set up a different tax rate table for each type of tax rate. For example, if the tax rate on footwear is 10%, and the tax rate on tinned food is also 10%, it is generally better to have separate tax rate table entries for each. At some time in the future, the fiscal fiend will decide that he can extort more money by increasing or changing one of these. If you are using separate tax rate table entries, your life will be much simpler when this kind of change takes place.

If more than one type of tax applies to all items, and another type of tax applies to some items, set up another tax table entry that covers the total of both. For example, if VAT applies to most things, but there is an additional tax applied to alcoholic drinks, set up a tax table entry for VAT plus alcohol tax, and use this for the drinks.

In most cases one particular type of tax will apply to most of the items you sell. Make sure that the most commonly used tax rate is the first entry in the tax rate table, because this will become the default entry when entering new products, and result in less work for most items during product maintenance.

Tax Rates are maintained on the Edit Menu of SELLmatix Control. Further information is available about:-

Selecting/Editing Records

Selecting/Editing Records

If you haven't already done so, why not activate SELLmatix now and start enjoying the benefits of the system now. With SELLmatix, you don't have to pay for everything up front. You can implement the system in stages adding parts as you go from the savings you make. As little as $30 gets you started. No risk. No long term commitment. Activate Now!

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