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Reply by Puzzleman

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Posted on Simple and accurate way to charge sales tax?

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Puzzleman

417 posts in 3030 days


#1 posted 05-12-2015 04:23 PM

I treat sales tax as does any other store. I add it onto the price just like Walmart does.

To make figuring prices easy, I price everything in $5 increments. (25,45,50, etc.)
Then I have a chart made up that shows the total including sales tax for for every $5.00 up to $250.00
Simple spread sheet. Also have it set up so that when I am in different tax jurisdictions, I just change the tax amount and it figures it out.

Then when I calculate sales for each show, I don’t include the sales tax. That is separate entry.
Concerning reporting of sales tax, for each show I do in a different area, they have their own form for each of the shows.

-- Jim Beachler, Chief Puzzler, http://www.hollowwoodworks.com


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