Precisely Spectrum Enterprise Tax

Precisely Spectrum Enterprise Tax is a solution designed to assist companies in accurately determining tax jurisdictions for given addresses. According to the vendor, the product utilizes advanced geocoding, parcel point, and enhanced street address matching methods to provide precise tax jurisdiction assignments. It assigns state, county, township, municipal, and other local tax information to ensure accuracy. The vendor claims that Spectrum Enterprise Tax keeps up with changing tax boundaries and rates to provide current and up-to-date tax jurisdiction determinations.

Accurate Tax Jurisdiction Determination: According to the vendor, Spectrum Enterprise Tax utilizes advanced methods such as geocoding, parcel point, and enhanced street address matching to accurately determine the tax jurisdiction for a given address. It assigns the appropriate state, county, township, municipal, and local tax information to ensure precise tax jurisdiction assignments.

Access to Special Tax Jurisdictions: Businesses can assign tax designations accurately using Spectrum Enterprise Tax by matching addresses and determining if they fall within a specific geographic taxing district. The solution provides tax information for state, county, town, and special tax districts, including library, emergency services, and school districts. It provides both the total rate and individual rates for each local jurisdiction for each transaction.

Access to Premium Tax Information: Spectrum Enterprise Tax enables accurate assignment of premium tax jurisdictions by providing up-to-date premium tax boundary information. The vendor offers an ongoing research program with nationwide coverage to track changes in premium tax jurisdictions. This ensures that insurance carriers can append correct state, county, township, municipality, and premium tax district information to each customer record.

Automated Payroll Tax Assignments: The GeoTAX Payroll Tax module within Spectrum Enterprise Tax provides accurate geographical determinations for payroll tax assignments. It automates the process based on an employee's home and work address location. The module includes address standardization and validation to enhance the accuracy of payroll tax determinations.