Invention Grant
- Patent Title: Funds collection tools and techniques
- Patent Title (中): 资金收集工具和技术
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Application No.: US11261958Application Date: 2005-10-28
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Publication No.: US08719126B2Publication Date: 2014-05-06
- Inventor: Josh Hall , John W. Ogilvie
- Applicant: Josh Hall , John W. Ogilvie
- Applicant Address: US UT Salt Lake City
- Assignee: John Ogilvie
- Current Assignee: John Ogilvie
- Current Assignee Address: US UT Salt Lake City
- Agency: Ogilvie Law Firm
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
Tax collection tools and techniques automatically and electronically separate tax amounts from other funds in a commercial transaction, and divert the collected tax into a holding fund. The holding fund bears income, at little or no risk. Funds collected are tracked, as are their payment due dates, and tax payments are made automatically from the holding fund to tax authorities in a timely manner on behalf of merchants. Income from the holding fund may be distributed among various parties. Collection of debt, whether taxes or otherwise, through automatic incremental billing is also described.
Public/Granted literature
- US20060095350A1 Funds collection tools and techniques Public/Granted day:2006-05-04
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