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CDQ Platform Enterprise Tax Module
The Enterprise Tax Module determines the precise tax jurisdiction for a customer address. This is module makes it easier for you to apply the correct state, county, township, municipal and special tax district to your records.
It Pays to Know the Precise Tax Jurisdiction
To ensure accurate billing for customers and payroll for your employees, you need to know their precise tax jurisdiction. If your business relies upon collecting personal property tax and insurance premium taxes, the tax jurisdiction is equally important.
The problem is twofold. Tax jurisdictions change frequently. And these jurisdictions are not aligned with ZIP Codes or the U.S. census.
The Enterprise Tax Module, part of the Customer Data Quality Platform, overcomes these challenges by providing you the most precise, up-to-date tax jurisdiction information available. So you can keep pace with ongoing changes and comply with any requirements mandated by state and local laws.
Key Components
- Assign Geotax Info: Takes an input address and returns census, latitude, longitude and tax information about the address.
- Calculate Distance: Takes two latitude/longitude coordinates as input and returns the distance between the coordinates.
Benefits
The Enterprise Tax Module:
- Makes it easier to respond to frequently changing boundaries with quarterly updates
- More accurate address matching to determine if address is inside a special tax district
- Complies with requirements of recent legislations such as the Telecommunications Sourcing Act.
- Integrates with the technology used by tax compliance vendors