Understanding Tax Reporting with Teesom and Square Integration
Introduction: In this article, we will discuss how the integration between Teesom and Square works in terms of tax reporting. We will explain why invoices are taxed and not payments, and how this affects your 1099-K reporting when using Square as a payment processor. This information will help you accurately report your taxes and ensure […]
Tax Systems In Teesom
Introduction There are two different ways that taxes can be calculated in Teesom: 1.) Sales Tax On Order In this system, a Tax Code which specifies a percentage tax rate is set on the whole order, and then each row on the order can be set to be either Taxable or Non-taxable. 2.) Sales Tax […]
Sales Tax Per Line On Order
The “default” tax system in the U.S is ‘Sales Tax On Order’ Do not change the default tax system unless you have a very good reason for doing so, i.e: it is required for you to do so per the regulations and laws in your country or state. If you are unsure then please check […]
Setting Up Your Sales Tax
Sales Tax On Order This is the primary system used in the United States. The tax percentage is set for the whole order, and then each row on the order is set to either ‘Taxable’ or ‘Non-taxable’. Teesom uses this by default. Sales Tax Per Line On Order The order itself is either set to […]