Are You Ready for California's New Gun and Ammo Tax Hike?

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In July 2024, a new law will take effect in California, increasing taxes on the sale of firearms and ammunition. As an FFL dealer, it's crucial to understand this pending tax change and ensure your business is fully compliant to avoid penalties.

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The new regulations will impose an additional 11% excise tax on all retail sales of guns, ammunition, and related accessories. This is on top of existing state and local sales taxes that FFL dealers must collect.

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So what does this mean for your day-to-day operations?

First and foremost, you'll need to adjust your point of sale system and procedures to calculate and charge the new higher tax rate accurately. Failing to do so could mean undercharging customers and facing hefty fines from the state.

That's why it's so important to audit your POS setup well ahead of the July 1st effective date for the new gun and ammo tax. Double-check that all applicable product codes are mapped to the new 10.25% excise tax rate. You may also need to retrain staff on the updated checkout procedures.

As you prepare for this tax increase, it's an ideal time to reevaluate your overall point of sale software solution. An outdated or piecemeal system could leave you scrambling to comply with new regulations like this.

Bravo's Point of Sale offers the industry's most comprehensive, FFL-focused point of sale platform. Our software is already updated to handle California's new gun and ammo taxes with just a few clicks. Seamless tax compliance, robust reporting, effortless inventory management, and more – all in one unified system designed specifically for firearms retailers.

Don't risk penalties, audits, and lost sales due to a lack of tax compliance. Switch to Bravo Store Systems today and breathe easier knowing you're ready for California's new firearms and ammunition taxes on Day 1. Contact us for a free demo!

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