Frazer's goals have always been simple to provide dealers with a high-quality, easy-to-use Dealer Management System, at an affordable price, while ensuring that a friendly, knowledgeable support staff is there to back it up.Texas Office of Consumer Credit Commissioner (OCCC)How to add forms to Frazer. These may include specific tax rates for various municipalities, state specific forms or interest and late fees limits Because of this, the functioning of the system may be different from one state to the next.Frazer provides full-featured dealer management software to independent car dealers throughout the United States. Filter by popular features, pricing options, number of users, and read reviews from real users and find a tool that fits your needs.Frazer Dealer Management Software requires the following minimum technical specifications: - Microsoft Windows 10, Windows 8.1, and Windows 7 (Note: Frazer.Frazer tries to provide programming to tailor the functioning of the system to the laws of the state that you are operating in. Quickly browse through hundreds of Auto Dealer tools and systems and narrow down your top choices. Find and compare top Auto Dealer software on Capterra, with our free and interactive tool.The dealer has to pay the tax whether or not the customer is charged.A new dealer starts without a rate for the first year and does not owe the tax, however, the dealer is still required to file the Inventory Tax Statement with the county.To enter or update the current Inventory Tax rate, go to M iscellaneous > 1 - System Options > 3 - Taxes. The tax rate is assigned to the dealership by the dealership's county of residence.The inventory tax is remitted monthly to the county tax office by the 10th of the month with prepayment of the taxes. Check with your local agency to verify the correct amount for your area.Inventory Tax is a property tax imposed on the dealership that is charged on the price of each vehicle sold. Texas Comptroller Audit information regarding deferred sales taxes on down payments.Frazer Provides a System Option to set your Default Government Fees. Used Car Dealer Software by Frazer Computing, Inc.4. Customizing your Forms List.There is no inventory tax.A wholesale deal. Inventory tax is collected.Five or more motor vehicles sold to the same buyer within one calendar year (Fleet Sale). Inventory Tax is collected only for the MV designation, whether or not the customer was charged.A regular motor vehicle inventory sale. There is also a default option to bill the customer for the tax in this options screen or this option can be selected on a per deal basis.Frazer will automatically record inventory tax when it is required for the sale, using one of four possible designations: MV, FL, DL, or SS. Frazer will remove the first two zeroes after the decimal point.
Frazer Dealer Software License Is ListedThere are no exceptions for exporting vehicles out of the state of Texas.To print the actual Inventory Tax Report, go to R eports > 2 - Sales Reporting > 6 - Inventory Tax Report. Regardless, as previously stated, the sale is still subject to the VIT. If the address of the customer is listed as Mexico, the type of sale will be incorrectly printed as "export-MX" instead of "MV". If the customer's license is listed as a Mexican Passport, the type of sale will be printed as "MV". Kendrick lamar albums free downloadHowever, when you print your contracts the sales tax is included in the "Amount Financed" section creating a second "effective" APR that must be disclosed in the Federal Regulation Z box. To see a preview of the data, either check the box to "Print Report Totals Only" or check the box to "Print basic report instead of actual form."For BH-PH sales in which you remit your sales taxes to the state on a deferred basis (once a month based on payments received the previous month) you are not allowed to charge interest on sales taxes. There is no print preview for the report - it will simply print to the white paper printer. The program will automatically default to the previous month unless changed.Click on. Fill in the information and Save.Enter the date range desired. This itemization of nontaxable items on the Buyer's Order has continued to be accepted on thousands of audits since.The rule has not changed, and Frazer has not changed. When this was first addressed by an auditor 15 years ago (Frazer started doing business in Texas in 1997) we referred the auditor to the itemization of nontaxable items on the Buyer’s Order and that was accepted as conforming to the rule. We remove nontaxable items first. It states: “The total downpayment is subject to motor vehicle tax unless the payment is itemized to indicate nontaxable charges.” Before May 2017 this was embedded in Rule 3.74(c)(1), but is the same rule.Frazer does NOT have you remit sales tax on the FULL amount of the down payment. It is important that you have the first APR to be able to prove that you did not charge interest on the sales tax.Deferred Sales Taxes on Down Payments ItemizationTexas Comptroller auditors were starting to challenge Frazer BHPH dealers based on what we presume is a stricter interpretation of an old rule addressing sales tax due on down payments.The Rule is 3.74(e)(1). ![]()
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