Ian Nicholson
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6 votes
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9 votes
An error occurred while saving the comment Any update on this? The Sales Tax Liability report is awesome, except it doesn't really work for Florida. I have to drill down and manually tally up my taxable sales:
- Sales in counties with base tax rate
- Sales in counties with surtax at the same rate as my business' county
- Sales in counties with surtax at a different rate than my county (and how much was the total amount of those independent of the other rates?)
- Non-taxable (tax-exempt) salesHere's an example of the surtax reporting we must do in Florida from our DR-15 tax return:
15(a). Exempt Amount of Items Over $5,000
15(b). Other Taxable Amounts NOT Subject to Surtax
15(c). Amounts Subject to Surtax at a Rate Different Than Your County Surtax Rate
15(d). Total Amount of Discretionary Sales Surtax DueAnother fun thing is in Florida, sales tax for amounts under $1.00USD is taxed in brackets, so that any value that straddles the line between two brackets is rounded upward. So for example a total of $33.48 might need to be taxed at 7% of $30 + $0.48 aligned to one of the brackets (and I believe these brackets differ for each of Florida's surtax rates!). I don't believe Zoho handles this at all, so I've been trying to keep my totals at full-dollar amounts to prevent any gotchas... What a nightmare! I'm actually glad my sales are low! UPDATE: I believe this was changed in the last couple of years so that it works more like a percentage, as it should have been all along.
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15 votes
An error occurred while saving the comment I've had no problem getting Zoho to add sales-tax to my invoices using the USA version. The tax information must be entered in the Settings so that you have options to choose from when invoicing.
I believe this was changed in the last couple of years to use a percentage instead of the confusing bracket system, so this idea may no longer be necessary.