Tax Apportionment Calculator 5.5

The Tax Apportionment Calculator, TAC allows you to calculate Goods & Services Tax (GST), or Income Tax or Sales Tax or VAT The Tax Apportionment Calculator, TAC allows you to calculate Goods & Services Tax (GST), or Income Tax or Sales Tax or Value Added Tax (VAT) and apportion tax and expenses or income across different cost centres. TAC presents the result of a computation in a format that is easy to read and check visually.
In contrast to a desktop calculator with a one-line display panel, TAC shows the Inclusive, Exclusive and Tax amount for the total and apportionment columns. At the same time TAC displays the tax type, tax rate plus the basis used for an apportionment.
TAC reduces the risk of error caused by incorrect key entry because all the figures are displayed. Unlike a desktop calculator neither the tax rate(s) nor the tax type settings need to be re-called or re-entered.
The calculator switches automatically from an arithmetic calculation to a tax calculation. It is keyboard friendly as the keyboards Enter key links to the calculators "=" and "Calculate" buttons. In addition there are a variety of short-cut keys.
Effectively the calculator links 9 separate arithmetical calculators together in a one to many relationship where each calculator is able to reference tax settings and a basis for an apportionment.
TAC system settings cover two tax years for five different countries. Tax Types, Tax Rate(s), and Tax Year settings may be changed quickly and saved, when relevant, as either Year 1 or Year 2 tax settings for 5 countries or for five user defined names.
The five-default country names may be changed to one of 160 country names listed in the calculator or to a user defined name that may relate to a State, Region, Company, Charity, Individual or special case. This powerful feature makes it easy to set the default tax types and rates to cater for different tax cases under National (Federal) and or State taxes or new tax rates planned for in a governments annual budget
The allocation of tax and costs between business and private expenditure is quickly performed. Similarly the apportionment of an amount to a number of cost centres may be completed in a sort space of time. The big advantage being that all the resulting figures are displayed at the same time.
Main features:
- Calculate Goods and Services Tax (GST), Sales Tax, Value Added Tax (VAT) and Income Tax
- Calculate, at a flat rate of tax, the tax on an amount exclusive or inclusive of tax or calculate the exclusive or inclusive figures for an amount of tax.
- Calculate Income Tax on an amount of taxable income on the basis of a table of bands of income taxed at different rates of income tax.
- Apportion an expense, sale or cost and or tax to two cost centers where a basis of apportionment has been specified either by a percentage or ratio or by a sum entered in the total column and another sum entered in one of the columns relating to a cost center.
- Repeat successive tax and or apportionment computations without the need to enter the tax type, tax rate or basis of apportionment and without the need to clear a previous calculation before starting the next one.
- Carry forward the result of a tax calculation in to an arithmetical calculation.
- Compute the total amount for a given number of units priced either exclusive or inclusive of tax or on an amount of tax, and when relevant apportion the result to two or more cost centers.
- Display on completion of a calculation the inclusive, exclusive and tax figures, including those where an apportionment is required.
- Review budgeted profit margins and discounts.
- Assist in the checking or auditing of invoice details.
- Complete arithmetical calculations to four decimal places.
- Compute or check foreign exchange calculations.
- Undertake a wide variety of arithmetical calculations especially where the results are to be expressed in monetary and tax terms.
The calculator has a detailed and distinctive range of features that include:
- Five default country names based on a computers regional settings. The default country names have initial tax rate and tax type settings for two tax years. The tax settings may be changed for each name.
- Default names may be changed to either one of the 160 country names listed in the calculator or changed to a user defined name that does not exceed 21 characters including spaces. For instance the five default names may be changed to the name of a State or type of business or class of taxpayer.
- Year 1 or Year 2 tax years may be related to a user defined name. This means that the calculator may be set to cover different tax types and tax rates for up to ten different names for one tax year.
- Currency symbols for each name that may be changed to one of the 61 symbols listed in the calculator.
- The ability to switch quickly to different names, tax types and tax years.
- Four tax types that cover both direct and indirect taxes.
- Tax settings adjustable for temporary use.
- Income Tax rates for up to 11 different bands of income. These may be amended and saved for each of the two tax years.
- 9 specialised arithmetical and tax calculators integrated in a one to many relationship
- 5 numerical input boxes to cover units, percentages or ratios that are linked to the 9 specialised arithmetical and tax calculators.
- Apportionments between 2 to 10 cost centers.
- Arithmetical calculations to four decimal places.
- Backspace and delete key functionality.
- Clear, copy and paste pop-up menus
- Clear, copy and paste numerical monitoring.
- Navigation and short-cut keys
- Numerical input from computer key pad or calculator buttons.
- Move data between tabs with export and import buttons.
- Save and re-use up to 10 basis of apportionment.
- Switch quickly from one basis of apportionment to another.
- Internal overflow and rounding controls.
- USA or European currency formats based on a computers regional setting that uses a decimal point or decimal comma as a decimal separator.
- One memory display panel that may be used as an arithmetical calculator.
- One specialised memory display panel for income tax computations.
- One internal memory used to hold three direct tax calculations for recall.
- Colour options for 21 calculator features ranging from menu and tab colours to text colours and button colours.
- Specialised colour picker geared to present RGB values.
- Restore button to reset all amendments to names, currency symbols, tax types, tax rates and colours back to the settings formed on installation of the software.
System requirements:
- 640 x 480 VGA display or better.
- 256 colours or more
- Microsoft Mouse or compatible pointing device
- Microsoft Internet Explorer 5.0 or compatible browser
- 20 MB hard disk space on a personal computer or laptop.
- Currency formats that use a full stop or a comma as decimal separator
Version restrictions:
- 30 days trial