The Retail Tax feature in Groovio, located under Retail > Retail Tax, enables you to apply additional taxes to retail purchases made within your studio. This feature helps ensure that all applicable taxes are included in retail transactions, keeping your pricing accurate and compliant.
Adding a Retail Tax
To add a tax rate:
Go to Groovio > Retail > Retail Tax.
Select Add Tax and specify the tax details, including the name and rate of the tax you wish to apply.
Once added, the tax will automatically be applied to relevant retail purchases, streamlining the checkout process for both you and your students.
Tax-Inclusive Retail Prices
If you'd prefer your retail product prices to already include tax (rather than adding it at checkout), go to Account > Studio Profile, scroll down to the toggle settings, and turn on Retail tax included in prices. Your existing prices will then show with the tax component included, with the correct breakdown at checkout.
Charging Tax Per Product
When setting up an individual retail product, you can choose whether or not to charge tax on that particular item — so you can keep tax on some products while leaving others tax-free.
The Retail Tax feature provides an efficient way to manage tax compliance for retail transactions, ensuring students see accurate pricing inclusive of all applicable taxes.