Commission Tax

Introduced with the 09-23-2018 ACE release and updated with the 02-12-2023 ACE release.

How does it benefit me?

Collections companies that owe commission tax need to be able to calculate the tax they owe based on the commission they receive. In ACE the commission tax feature allows set up to help with that feature and a way to reflect commission tax on the invoices they share with their clients.

What is it?

Some states apply a sales tax based on commission the business receives. Collections companies that owe commission tax need to be able to calculate the tax they owe based on the commission they receive.

What do I have to do?

Set up Commission Tax Rates

Under Clients - Commission Tax, one or more commission tax rates can be set up.

• A static rate can be set up to apply to all payments taken on accounts for a specific client.

• Conditional rates can be set up based on the state:
  • associated with the client's address

• • associated with the consumer account's address (updated with the 02-12-2023 ACE release)

Set the Commission Tax Per Client Profile

Modify Invoice Profiles as Needed