Florida Sales over $5,000.00

My issue is sales tax. In Florida most counties have adiscretionary tax in addition to the state sales tax. On sales of %5,000.00 or less the rate is whatever the sales tax is for the county (includes the discretionary tax) and over$5,000.00 the tax is the state tax only. I have been entering the sales tax as an item on the customer invoice. I have beenpondering as to how to set this up as a sales tax group. So far I don't see a way of doing it. Has anyone else from Florida found a work around?

Answer

I too have this problem. Is Florida the only state subject to this Sales Tax System?

There are two sales taxes in Florida:
A state sales tax that is 6% on the total.
A county sales surtax that varies from county to county but is only assessed to the first $5,000.

You can add multiple items to a sales tax group, but you have no way of limiting any sales tax to only charge up to a certain limit.

Peachtree has had this feature for years. Any word on whether QuickBooks will ever add this feature.

I have a workaround that gives me accurate numbers, but it is very cumbersome for the clients (forces them to manully calculate the taxes on the invoices) and creates extra work when reconciling the sales tax return.



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Mario Hernandez


Arcabiz


http://www.arcabiz.com/


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