Funds Collection Tools and Techniques

摘要

Tax collection tools and techniques automatically and electronically separate tax amounts from other funds in a commercial transaction, and divert the collected tax into a holding fund. The holding fund bears income, at little or no risk. Funds collected are tracked, as are their payment due dates, and tax payments are made automatically from the holding fund to tax authorities in a timely manner on behalf of merchants. Income from the holding fund may be distributed among various parties. Collection of debt, whether taxes or otherwise, through automatic incremental billing is also described.

主权项

1. A tax collection system, comprising:
a merchant purchasing component; and an accounting module; wherein the merchant purchasing component is configured to receive at least purchase price information concerning a consumer purchase from a merchant during a credit card transaction in which a consumer makes the purchase from the merchant, and the accounting module is configured to determine a sales tax amount based at least in part on the purchase price information, and wherein the system automatically and electronically separates the sales tax amount from a corresponding taxable amount in the credit card transaction, thereby facilitating automatic sales tax collections on consumer purchases without needing manual intervention by a merchant.