Tax Management for Compliance
Centralize tax jurisdiction processing and support critical tax compliance issues
Businesses struggle with the challenges of accurate tax jurisdiction assignment everyday. If it's not worrying about audits and penalties for incorrect filings, or dealing with understaffed and under-funded tax departments, then it's the reality of using outdated or ZIP Code-based tax software products and the arduous task of researching over 10,000 state and local taxing jurisdictions. These are but a few examples of the multitude of problems that businesses face daily.
State and local taxes on businesses in the United States totaled more than $590 billion in fiscal year 2008. Couple this statistic with the fact that many businesses will overpay their taxes by 5 to 20 percent, and the results are staggering. Taxes may be a reality of life, but how we deal with them is what sets us apart from our competitors.
The GeoTAX® Enterprise Tax Management solution from Pitney Bowes Software provides you with the necessary tools to centralize all of your corporate tax jurisdiction processing needs and supports critical tax compliance issues. This solution provides your business with current jurisdiction assignment to customer and employee address records. And bottom line - the GeoTAX®Enterprise Tax Management solution can help reduce your financial risks and regulatory liability, and improve compliance while helping save your company considerable tax research efforts, tax management resources, and ultimately, dollars.
The GeoTAX® Enterprise Tax Management solution helps take the guesswork out of determining the correct tax jurisdiction for: sales and use tax, payroll tax, personal property tax and insurance premium tax. Each of the individual tax modules takes advantage of the powerful GeoTAX® technology while providing the ease of on-demand access.
GeoTAX® gives you a powerful software ally that:
- Automates the address standardization and tax jurisdiction assignment process
- Standardizes and validates addresses to help ensure accuracy
- Assigns the correct state, local and special tax district information
- Tracks rapidly changing tax boundaries, built on TeleAtlas street data, helping ensure accuracy and currency
- Monitors and assesses different tax jurisdiction types
- Reduces the number of misfiled taxes significantly
- Provides complete coverage in all states -nationwide
- Provides correspondence files to assign correct codes for major industry third party system providers
- Leverages the tools of Pitney Bowes Software Professional Services department to ensure successful integration into your current installation
Learn more about GeoTAX Enterprise Tax Management and the Enterprise Tax Module for the Spectrum™ Technology Platform, or contact us today to discuss your tax management needs.
The State and Local Government tax jurisdiction struggle
Due to ever changing tax boundaries, assessing correct taxes, publishing correct tax rates and jurisdictions, and collecting incorrect taxes are but a few of the problems facing today's state and local governments. With tax boundaries are in a constant state of flux and an increasing number of special and local tax districts, state and local governments are faced with an assignment struggle of Herculean proportions.
Learn more about tax management solutions for government.
Tax troubles in the Communications and Utilities industries
Corporate tax managers confront seemingly bewildering tax jurisdiction assignments issues daily. Nowhere, however, are tax assignments more challenging than in the communications and utilities industries. Because of the special nature of the business, tax directors in this arena wrestle with even more with proper assignments on a variety of fronts including property, sales and usage taxes. Comply and correctly assign taxes, or face the consequences of stiff tax penalties.
Download the white paper: Tax Troubles in the Communications and Utilities Industries.