Taxes are hardly a topic that causes us all to sing with joy from the rooftops, but now it’s easy to collect, record and report your sales taxes, and keep your budget balanced. Even collecting your EU VAT taxes is easily sorted with our up-to-date tax setting. You can be set up and ready to go in just a few minutes.
Step 1. COLLECT
First, your Selz store needs to be set up, so you’re collecting taxes correctly. Here are the steps:
- Go to your Selz Dashboard and click on Settings, then Tax.
- On the Tax Settings page, flick on ‘Enable tax’, then enter and save your address.
- Choose whether you would like the tax to be included in the existing sale price, or if it’s an amount that you would like to be added at the checkout.
- Add the regions and countries where you need to charge tax. We’ll add some defaults for you based upon your location.
When we pay you, we just take out the Selz transaction fee and pass the rest, including taxes, on to you.
Step 2. RECORD
For sellers, checking up on your sales taxes is simple. All you have to do is pop over to your Orders tab in your dashboard, and you’ll see ‘Tax‘ in a column right there next to each sale. If you need to check out your taxes for a certain time period such as a financial quarter or year, you can specify the date range in the fields provided. You can also see the tax charged in the order page for each of your sales.
For an extra professional touch and peace of mind for your buyers, check out our options for tax invoices. You’ll be able to automatically send your customers a tax invoice after each sale for their records.
Step 3. REPORT
When tax time rolls around, you’ll be paper free and ready for action. Grab your total tax amounts by going to your Orders tab in your Dashboard, set your date range, and click on ‘Export’.
You can easily import this data into your accounting software, email it to your accountant, or grab the numbers manually if you like. For reporting to VATMOSS, you’ll need to sort the numbers according to the European region, which you’ll find a column for over to the right of your export. To set up our simple EU VAT reporting feature, head over here.