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March 02, 2010

Florida Recertifies Billing Solution for Local Tax Jurisdiction

By Shamila Janakiraman, TMCnet Contributor


BillSoft Inc. (News - Alert) providing transaction-based taxation solutions announced that the State of Florida Department of revenue has recertified BillSoft for accuracy in assigning addresses to local tax jurisdictions.
 
According to company officials, the recertification became effective after the State of Florida conducted an analysis of BillSoft’s database and found that it was able to meet 95 percent of the requirement in assigning street addresses, address ranges, post office boxes and office boxes to the proper local tax jurisdictions.
 
“This is great news for our customers who do business in Florida and for any communications provider relying on EZGeo,” said Vicki Klein (News - Alert), president of BillSoft. “It also gives kudos to our IT department that’s committed to maintaining the product goal while improving the functionality and performance.”
 
BillSoft is able to ensure such high levels of accuracy owing to the EZGeo product that can correctly identify tax jurisdictions for commercial services throughout the United States. EZGeo is capable of providing address scrubbing postal standards – CASS certified – and also can find if an address is in a special tax district or in unincorporated area.
 
Such high levels of accuracy offers financial advantages to communications and cable providers, company officials said. The recertification ensures that whenever EZGeo is used in Florida, providers will get a higher tax collection allowance of 0.75 percent versus 0.25 percent. They are also granted the hold harmless provision of the Communication Services Tax or CST.
 
BillSoft’s solutions help users improve upon billing systems and service bureau products. The company’s Your Total Tax Solution consists of products and services for tax calculation, tax customization, product bundling, tax reference, address scrubbing, tax jurisdiction assignment, tax compliance filing, and tax consulting services.
 
EZTax, the flagship product of BillSoft is a comprehensive transaction tax package. With the availability of taxation for products and services in over 85 countries, EZTax provides the most comprehensive tax system. It supports all major platform environments and offers several interfaces with the standard product. 
 
In additional company news, BillSoft has partnered with billing and OSS firms, offering companies a one-stop approach to a seamless billing and tax system. 

Shamila Janakiraman is a contributing editor for TMCnet. To read more of Shamila’s articles, please visit her columnist page.

Edited by Kelly McGuire




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