You can create a tax profile for each region or area where your business operates. This allows you to customize tax settings based on local regulations and requirements. By creating distinct tax profiles, you can ensure that the correct tax rates and types are applied to the appropriate listings. Once created, these tax profiles can be easily assigned to specific listings, streamlining your tax management process and ensuring compliance with regional tax laws. This flexibility helps you manage your business more efficiently and reduces the risk of tax errors.
Configure Your Charge Profile
In Boom click on the Main Menu in the top left-hand corner, then click Marketing, then Channels. Once in Channels click on the Charge Profiles.
Click on Add Tax Profile
.Give your tax profile a name to easily identify it and click + Add Tax button
Select the tax type and give it a name.
Enter the amount and select the unit type (percentage or currency).
Select the charge type this will apply to.
Determine whether the tax/fee belongs to homeowner or the property manager company
Belong to Owner - The tax/fee will be added to the accommodation fare, and a management fee will be deducted from this amount. This will be reflected as an “Accommodation Fare Adjustment.”
Belong to PMC - The tax will not be included in the accommodation fare and will not be shared with the property owners.
Continue adding your next tax type by clicking again on the “+ Add Tax” button
and following steps 3-6.Use this same setup for property fees, fees follow the same rule set as taxes
Nightly fees are not supported at this time
Click Save when you are done.
Assign Charge Profile to Your Listings
To assign a tax profile to your listings:
In Boom click on the Main Menu in the top left-hand corner, then click Owners, then Listings. Once in Listings, open a listing by clicking on Manage
Once in the Listing, click on the menu on the left-hand side, click Channel Manager and then click Finance.
Select the relevant tax profile under "Tax Profile" field
Click Save