Managing Tax Rates

You can set up tax rates in the Practice > Lists area. Tax rates can be applied to a client's WIP if the tax rate is associated with both the client and with the service code applied to the WIP. The tax rates can be set up to have effective dates and be applied to specific types of entries, for example, WIP and expense amounts only.

To add or modify a tax rate, do the following:

1. Open Dashboard, click Application Links on the navigation panel, and then click Lists under Firm.
2. Click Practice Lists > Tax Rates on the navigation panel.
3. Do any of the following as needed:
   • Add a tax rate.
     1. Click New on the button bar.
     2. Enter the requested information on the Tax Rate window.

     Button	Description
     Tax Rate	Enter the unique name of a tax rate.
     Tax authority	Enter the official name of the tax authority for the tax rate being set up.
     Inactive	Select this check box if you want to deactivate the tax rate.
     Effective Date	Enter the date when the new tax rate should take effect.
     Rate	Enter the tax rate as a percentage.
     Apply to	Select an option to indicate which amounts the sales tax should be applied to.
     Other taxes	Select this check box if the selected tax is figured on the total invoiced WIP plus other calculated taxes when it is calculated on invoices. This creates a tax on a tax.

     3. Click Save & New to create a new tax, or Save & Close to exit the window.
• Edit a tax rate.
  1. Select a tax rate in the grid.
  2. Click Edit on the button bar.
  3. Edit the tax rate information as needed. See Add a tax rate above for descriptions of the information on the Tax Rate window.
  4. Click Save & New to create a new tax, or Save & Close to exit the window.
• Delete a tax rate.
  1. Select a tax rate in the grid.
  2. Click Delete on the button bar.

Notes:

• The options on the grid toolbar are also available on the right-click menu for items in the grid.
• Click a column header to sort a column in ascending or descending order. Click Find to locate an item in the grid or click Refresh to display any changes to the grid. If needed you can also click Print to send the grid to the printer, click Select Columns to add or remove columns from the grid.