Yes, you can set a tax to be included in the price. just create a new tax and you can apply it to just that item. the option is at the bottom of the create a tax and says "include tax in the item price".
https://squareup.com/dashboard/business/manual-taxes
Yes, you can set a tax to be included in the price. just create a new tax and you can apply it to just that item. the option is at the bottom of the create a tax and says "include tax in the item price".
https://squareup.com/dashboard/business/manual-taxes
Hi @BrendaFAC. In order to do this, you would have to set up two sales tax rates. Both would have the same percentage, but one would specify that it was included in the item price and the other would specify that it was not included in the item price. Then you would assign each item to the correct sales tax definition. This will allow Square to give you the correct information in your sales tax reports.
One word of warning. Some (if not all) states do not allow you to do this. In my state, for example, we must choose which method we use and use it consistently for all sales and all items. This is something you should talk to your accountant or CPA about before doing it to be sure that you aren’t doing something that is going to get you audited or worse.
