Spectrum Enterprise Tax

The Spectrum Enterprise Tax determines the tax jurisdiction for an address. It takes an address, standardizes it, then matches the address to an exact physical location, returning latitude/longitude coordinates with the correct tax jurisdictions for the address. This solution greatly reduces the inaccuracies associated with matching to 9-digit and 5-digit ZIP Codes. The Spectrum Enterprise Tax can also calculate latitude and longitude coordinates for individual address locations, including the use of interpolation and offset.

For companies that deliver goods or services to locations that don't have a recognizable address, the Spectrum Enterprise Tax can accept latitude/longitude coordinates as input to return the tax jurisdictions and corresponding GeoTAX Key values. Examples of this type of location include bill boards, street lights, communications towers, or new housing developments.

Spectrum Enterprise Tax uses a database of tax jurisdictions provided by TomTom. This data, which is collected through an ongoing research program and updated regularly, provides current jurisdictional boundary information down to the municipal and special tax district levels.

In addition to determining the tax jurisdiction for an address or location, with the optional Precisely Sales and Use Tax Rate file, the Spectrum Enterprise Tax can return sales and use tax rates for each of the assigned tax jurisdictions as well as the total tax rate for the assigned locations. There is also the option to use other software, such as Vertex or Sovos, to cross-reference and supply tax rate data.