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By Deal Pack - July 3, 2013
Tennessee is among one of the few states with tiered tax rates. Lately there have been questions from a few of our Tennessee customers asking if Deal Pack correctly calculates county tax. The answer is yes. For each county, Deal Pack allows you to enter the starting and ending taxable dollar amounts of the first and second tiers, and then enter the tax rates for those tiers. Once you have that information entered, Deal Pack does the rest of the work for you. So how does Deal Pack know which county tax rate to use? The zip code. Once the zip code is entered, the system will automatically know which tax rate it needs to apply for that county. For retail deals, you have the option to select the county from a drop down menu. For leases, you can find the calculated county tax amount located in the other taxes field in the Quick Lease I Screen.
Please do not hesitate to call our Support Team at 800-526-5832 if you have any questions!
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Advanced Business Computers of America (ABCoA) develops and supports end-to-end software solutions for the subprime finance industry. Since 1983,
we have helped automotive dealerships and finance companies eliminate duplication, remain compliant, and achieve success with dependable, all-in-one software and white glove service and support.
Deal Pack is a complete, all-in-one software ecosystem customizable to your exact needs and scalable to your exact size - helping improve your operations, grow your business,
and solve the challenges you face. Whether you are a finance or sales company, multi-entity or publicly traded company handling BHPH or LHPH, operating or capital leases,
internal or external floor-planning, retail, rentals, consumer loans, origination, or seasoned paper, Deal Pack is the dependable software for mission critical operations.
Deal Pack handles all of your business needs transparently – providing you measurable improvements and complete financial control, saving you time,
increasing your bottom line, and allowing you the freedom to focus on your daily operations. Deal Pack is relied upon by thousands of customers across
all 50 states in the United States and six countries around the world. Customers properly using Deal Pack have never lost an IRS audit.
To learn more about ABCoA, visit www.abcoa.com.