Simplifying Taxes in the Agriculture Industry with Levridge

by | Updated March 15, 2020 | Agriculture

Agriculture taxes are complex and vary depending on location, adding another layer of complexity to the ever-changing tax landscape. Manually tracking tax rates and changes is a cumbersome and error-prone process. Within Levridge, ag retailers have the ability to easily manage taxes, including setting minimum and maximum tax amounts.

This feature is especially important because tonnage tax is required by different tax authorities across the United States. In other software systems, ag retailers struggle to remit the minimum payment based on each area. In Levridge, this step can be completed in seconds.

Additionally, Levridge can track and process annual licensing fees and renewals. This allows ag retailers to seamlessly track record keeping and remittance.

In this video, you’ll see how the system automatically calculates the correct tonnage tax based on address and location.

Tonnage

 

Agriculture operators also need to calculate specific tax calculations based on products they use in certain jurisdictions. Within Levridge, users can identify which items are being applied and the system automatically calculates the tax required based on location and current rates configured.

Components

 

Taxes for the agriculture industry don’t have to be complicated.

Learn more about how Levridge can help your ag retailer business.

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