Lightspeed customers can now enjoy a fully automated, hands-off sales tax management solution, freeing up valuable time while also being protected from large late payment fines from the state.
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When I opened my first restaurant, a wise friend said to me “It’s not how much you make, it’s how much you keep. If it doesn’t contribute to your bottom line, you have two choices: ditch it or do it as efficiently as possible." Sales tax falls into the “do it as efficiently as possible” bucket. Mismanagement of sales tax can be disastrous to your bottom line.
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DAVO Technologies now offers its popular automated sales tax service on the fast-growing Heartland Restaurant point-of-sale platform.
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Our CEO, Pete Murray, was recently interviewed on the Grow Maine Show. The interview podcast is up online. In this interview Pete covers a lot. Here are just a few things he talks to Marty about on the show...
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Whether you are a new DAVO customer or just need to update your state sales tax profile credentials, this video will show you how and where to update this information in DAVO.
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Adding your bank routing information into DAVO is a key step toward automating your sales tax management. This video shows you where to add this information in the DAVO Dashboard.
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The DAVO Dashboard is the place to go to see your sales tax collections and filings, update your bank routing information and state sales tax profile credentials, and more. Take a first look here.
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Should bars still include sales tax in the price of their drinks or are they actually subsidizing part of the drink for all of their customers and giving up revenue?
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This chart shows brick-and-mortar merchants’ daily sales revenue since early March and then a rolling 7-day average of those sales. The high point of the red line was on March 5th, 2020 while the low point of the red line occurred on March 31st, 2020. At that point, sales revenue had crashed by over 58% in just a few weeks. Now it’s down by 26% and steadily improving to a busy Memorial Day weekend.
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As a restaurant owner during COVID-19, you are probably relying heavily on 3rd party apps (3PAs) such as Grubhub, DoorDash, and Uber Eats. With delivery likely being the vast bulk or possibly only revenue stream available to you, it’s vitally important that you understand who is responsible for collecting and remitting sales tax through these 3rd party orders.
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