We're always on the hunt for new ways to analyze your sales tax data. Today's Feature Friday brings two new metrics to ZacTax.
Your revenue growth is mitigated by the general increase in the price of goods and services over time. All things being equal, inflation will cause your sales tax collections to increase even at the same level of consumption, but your costs go up as well. Nominal revenues may be increasing, but do you actually have more purchasing power?
We now show you inflation adjusted sales tax collections, so you can get a better idea of what your real growth rates are.
Industry Diversification Index
We all know that diversification is key to the long-term health of your investment portfolio. The same is true for your sales tax, and we now provide a tangible way of evaluating your industry diversity over time.
Our Industry Diversification Index is a simple number that allows you to see how diverse your sales tax base is and monitor improvements to your tax base over time. Watch your trend line dip into the green as you recruit more and more diverse development.