Tobacco Store POS That Supports OTP Taxes
Tobacco stores have unique issues when it comes to taxes. Watch the video below as we go over your tax concerns and how a tobacco store POS for sales taxes can help relieve your tax burden.
Taxing Tobacco
To say that taxation on tobacco is confusing is a vast understatement. You may need to consider OTP Taxes (Other Tobacco Products), state taxes, county taxes, and city taxes, all of which vary depending on your location.
In addition, some places impose local taxes. These are additional taxes within certain areas of your city. They are most often seen in areas with higher tourism, near schools or certain retail centers. The taxes might be more for tobacco and tobacco-related products.
Problems with POS
The taxation headache doesn’t end with understanding the different types of taxes you face. Tobacco stores often sell items that are not directly related to tobacco. You might sell clothing, jewelry, incense, or soft drinks. Many tobacco stores also sell alcohol, which has its own tax issues.
Most solutions that offer POS for sales taxes cannot manage the varied rates and types of taxes for your stores. They have to be manually configured or entered with each product or even at the point of sale. If you have multiple shops in varied locations with different tax levels, you have even more problems. Luckily, Bepoz is made to lighten your load.
Flexible Taxation Management
Bepoz POS for Tobacco Stores can handle all of your taxes and separate them by product. When your customers check out, your cashier doesn’t have to take any extra steps to have the exact tax every time. Bepoz can even manage flat rate taxes, alcohol taxes, and tax-free sales if they arise.
Bepoz offers a tobacco store POS for sales taxes because the last thing you need is to encounter legal issues due to tax confusion. Let us take the worry off of your hands so you can focus on growing your sales.
You already know that the different types and rates of taxes can be a true headache when it comes to point of sale. What you might not know is how much easier point-of-sale is with Bepoz POS for Tobacco Stores at your side. Give us a call today so we can help you avoid tax mistakes in the future.
Learn More:
Tobacco Store POS System & Software
Tobacco Store POS Features You Should Know About
Tobacco Store Inventory Optimization
Video Transcript
Timestamps
0:00 Intro
0:31 Tobacco Store POS For Sales Taxes: Bepoz Handles State & Local Taxes
0:35 Tobacco Store POS For Sales Taxes: Multiple Levels Of Tax Handling
Hey, this is Tim with Bepoz point-of-sale for tobacco stores, and in this video, we’re going to talk about taxes for tobacco stores because tobacco stores, let’s face it, have sometimes some unique tax challenges. Every state’s a little different on how they handle taxes, and sometimes we have challenges that make many point-of-sale systems basically fall over, not able to handle the problems that they have.
0:31 Tobacco Store POS For Sales Taxes: Bepoz Handles State & Local Taxes
So Bepoz can handle all your state and local taxes.
0:35 Tobacco Store POS For Sales Taxes: Multiple Levels Of Tax Handling
You could have multiple taxes apply to a single product, and you could have different products with different tax levels, and if you have multiple locations, you could have different taxes for different products in different locations. And if you want to do inclusive versus add-on tax, Bepoz can handle all those, as well as OTP taxes or other taxes where you got flat rates per item taxes. Those are all possible within the Bepoz infrastructure.
If you’d like to talk to us about how Bepoz can help you, we’d love to talk to you about your needs. You can call us at the number at the top of your screen or click the link below.