Can My Music Staff track sales tax?
Yes, My Music Staff can help you track both sales taxes collected from your students, and sales tax paid on your expenses.
When you enter a price into My Music Staff, always enter the tax inclusive price, that's the full price with tax. My Music Staff will show you checkboxes that let you select which sales taxes are included in that amount, and we'll work out the pre-tax price (and tax amounts) for you.
- Click "Settings" in the top right-hand corner and select "Studio Settings" from the drop-down menu.
- Select the "Sales Tax" tab.
- On this tab, you can add one or more types of sales tax to collect. Click "New Sales Tax" to create a new tax type.
- You'll provide My Music Staff with the name and tax rate for that type of sales tax (i.e. VAT, 10%). The "Default" option tells My Music Staff if that sales tax should be included on new lessons/events by default.
- Click "OK"
Did you need to apply this to events/lessons that you've already scheduled? Click here for instructions.