System for managing and tracking tax and production-related information
First Claim
1. A method for managing tax information for a product, the method comprising:
- receiving a first item;
affixing a memory device to the first item;
storing a data file in the memory device, wherein the data file includes a product identifier;
processing the first item to form a second item, wherein value is added in the formation of the second item;
updating the data file in the memory device with information indicative of the value added to form the second item; and
using the data file to determine a total value added tax for the second item.
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Abstract
A system and method for tracking tax and production-related information for a product is disclosed. The product and/or a package housing the product may include a memory device. The memory device may be configured to store production and tax information related to the product. The system may include one or more computers connected by a network and software to track the production and tax related information. A server may be configured to interface with the memory device (e.g., using a wireless link) in order to read data from and write to the memory device. The system may be portable or may be built into a stationary apparatus such as a conveyer belt or an automated assembly line. Production and tax related information may be generated, updated and accessed in real-time by using a network such as the Internet to communicate with the system and/or the memory device.
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Citations
42 Claims
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1. A method for managing tax information for a product, the method comprising:
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receiving a first item;
affixing a memory device to the first item;
storing a data file in the memory device, wherein the data file includes a product identifier;
processing the first item to form a second item, wherein value is added in the formation of the second item;
updating the data file in the memory device with information indicative of the value added to form the second item; and
using the data file to determine a total value added tax for the second item. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
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16. A method for tracking value added tax, the method comprising:
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receiving a first item, wherein the first item has a memory device affixed to it, wherein the memory device stores value added tax information corresponding to the first item;
processing the first item to form a second item;
updating the value added tax information stored in the memory device to reflect an amount of value added to form the second item; and
using the value added tax information stored in the memory device to determine a final amount of value added tax applicable to the second item. - View Dependent Claims (17)
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18. A method for tracking value added tax, the method comprising:
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receiving an item;
placing the item in a container, wherein the container has a memory device;
storing information about the item into the memory device;
processing the item;
storing information indicative of the processing performed on the item into the memory device;
repeating said processing and said storing information indicative of the processing one or more times;
reading the stored information from the memory device; and
using the information read from the memory device to determine pricing information for the item. - View Dependent Claims (19, 20, 21, 22, 23, 24, 25, 26, 27, 28)
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29. An electronic medium storing a computer software program for tracking value added tax for an item, wherein the program is configured to:
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assign an item identifier to the item;
store the item identifier to a memory device affixed to the item;
receive input identifying the progress of the item through a production or manufacturing process;
determine a value added to the item in the production or manufacturing process; and
store information indicative of the value added to the item into the memory device. - View Dependent Claims (30, 31, 32, 33, 34)
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35. An apparatus for storing value added tax data for an item, comprising:
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a memory device;
a microprocessor;
an interface coupled to the memory device and the microprocessor, wherein the interface is configured to allow reading and writing of data to the memory device; and
a power supply coupled to the memory device, the microprocessor, and the interface, wherein the memory device is configured to be attached to the item. - View Dependent Claims (36, 37, 38)
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39. A method for tracking value added tax for a product, the method comprising:
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designating a memory device to identify a product being manufactured, wherein the memory device stores data describing the product and wherein the memory device follows the product being manufactured throughout the manufacturing process;
storing first data describing a first product in the memory device;
adding value to the first product to manufacture a second product;
storing second data describing the second product in the memory device;
calculating the value added tax for the second product using the first data and the second data.
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40. A method for determining a product value for a product, the method comprising:
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designating a memory device to identify a product being manufactured, wherein the memory device stores data describing the product and wherein the memory device follows the product being manufactured throughout the manufacturing process;
storing first data describing a first product in the memory device;
adding value to the first product to manufacture a second product;
storing second data describing the second product in the memory device;
calculating the product value for the second product using the first data and the second data.
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41. A system for tracking product value for a product, the system comprising:
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a memory device enabled to store and output data;
a microprocessor coupled to the memory device, wherein the microprocessor is configured to read and write data to the memory device; and
a computer program executable by the microprocessor to;
designate the memory device to identify the product being manufactured, wherein the memory device comprises data describing the product and wherein the memory device follows the product being manufactured throughout the manufacturing process;
store first data describing a first product in the memory device;
store second data describing the second product in the memory device in response to value being added to the first product to manufacture a second product;
calculate the product value for the second product using the first data and the second data.
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42. A carrier medium that stores program instructions, wherein the program instructions are computer-executable to implement:
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designating a memory device to identify a product being manufactured, wherein the memory device comprises data describing the product and wherein the memory device follows the product being manufactured throughout the manufacturing process;
storing a first data describing a first product in the memory device;
storing a second data describing the second product in the memory device in response to value being added to the first product to manufacture a second product;
calculating the product value for the second product using the first data and the second data.
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Specification