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How do I calculate compound tax?

Wild Apricot does not currently support compound tax, where a tax is calculated on the subtotal after another tax has been applied, instead of separately on the gross amount billed. If you live in a jurisdiction that applies a compound tax, you can adjust the percentage of your second tax to take the compounding effect into account. For example, if the first tax is 5% and the second tax is 10%, you can set the second tax to 10.5% to achieve the compounding effect. The formula for this is:

CompoundTax2 = Tax2 + (Tax1 / Tax2)

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