The system comes with
some Tax codes. To insert a new code C
Insert (upper tool bar) and C New
Record.
The second window is
the type of Tax. 1 = is sales tax and 2 = tourism tax. It is advisable
to enter the Tax ID with the initials of the State and the initials of
the County (Example: Broward County Sales Tax ‘ FL-BROW). Make
sure you enter the correct tax rate!
Note:
For Form View or Data Sheet View functions, sorting functions and
find functions, see the relating questions in Owners at Chapter I How do
I enter an Owner
In
Florida, every rental 6 months or less is subject to sales and tourism
tax. PMM will calculate the Sales Tax and the Tourism Tax automatically
for all rentals 6 months or less in accordance with the current laws.
Every PMM user is responsible to keep this field updated according to
the county in which the property is located.
With
PMM the accounting of Sales Tax and Tourism Tax is done in PMM by generating a report which will give you the precise amount of
tax to be paid and can be shown to the tax auditor to his full
satisfaction.
Can
I manage properties located in different Counties?
Yes! PMM, with this
feature, allows you to manage properties in different Counties and be
able to report the collection to said Counties in an easy and efficient
way.
