Reduce the time you spend monitoring and updating tax rate and taxability rules with CorpSystem Sales Tax Office for Oracle. This robust tax calculation system combines industry-leading tax rate and taxability content with highly accurate jurisdiction boundary information. Sales Tax Office for Oracle also supplies sophisticated logic capable of supporting the most complex sales and use tax sourcing and calculation rules.
Sales Tax Office for Oracle provides:
- Effortless Set-up — Configure the system to meet your exact needs, with options for business entities, business rules, nexus rules, users and functional permissions.
- Rates and Taxability — Stay up-to-date with trusted rate and taxability data from CCH, updated monthly with a simple download. Oracle item categories are mapped to CCH SKU’s to activate the groups and items, with customer products, rules and tax rate overrides all supported.
- Nexus, Jurisdiction and Sourcing — Avoid collecting unnecessary taxes by accurately establishing nexus and determining which taxes must be collected, with advanced geocoding and spatial analysis.
- Flexible Calculation — Increase the accuracy of your sales tax calculations with the ability to precisely calculate taxes at the line item level, use multiple ship-from and ship-to combinations in a single invoice, manage minimum and maximum tax rules, and handle complex tax calculation routines involving tax brackets, tax charts and tiered taxes.
- User-Friendly Interface — Increase productivity with easy-to-use features that let you drill down into the details of a transaction, create and maintain custom taxes and overrides, and originate tax only credits.
- Simple Exemption Management — Save time on handling exemptions with 15 built-in exemption reason classifications or create custom exemption classes as required.
- End-of-Month Compliance — Create seamless, end-to-end automation with liability reports based on specified date ranges, audit reports for taxes and exemptions, and output files for delivery to your compliance needs.
Consumer Use Tax Calculation
Consumer use tax associated with untaxed purchases often represents the greatest portion of a transactional audit assessment for many businesses. For most companies, the imposition of sales tax is a normal part of business operations, while consumer use tax is often overlooked. Sales Tax Office for Oracle web services support integration with your procurement functions to help prevent costly transactional audit penalties and interest as well as unnecessary overpayments.
Sales Tax Office for Oracle tax integration package can be customized to:
- Automate use tax calculations that include tax determination logic, which is configured into Sales Tax Office.
- Create flexible rules within Sales Tax Office that apply tax decision defined by account number, cost center, department, etc.
- Systematically assign tax rates to business locations without creating custom Descriptive Flexfields in Oracle.
Address Validation
Ensure reliable address information with the Address Validation API. The plug-in connects Oracle to a third-party address validation service to validate and correct addresses automatically or with the push of a button.
CCH compiles commercial jurisdictional boundary information from multiple sources and combines it with our own proprietary data and processing to create unique “geoblocks” for all the different overlapping subsets of tax jurisdictions and ZIP +4 areas. When used in combination with a ZIP+4 or street address validation tool, this system provides an extremely accurate foundation for both nexus and situs determination by the Sales Tax Office application.
CCH has developed a comprehensive database of State, County, City, Local and Special Tax Districts for which both boundary definitions and tax matrices are maintained. Sales Tax Office offers exceptional granularity of boundary data and enhanced coverage of Special Tax Districts.
The CCH Sales Tax Office integration to Oracle E-Business Suite offers a complete sales tax calculation solution for Oracle 11i. The tax engine is the primary API for injecting tax calculations into Oracle Order Management and Accounts Receivables.
The Oracle integration touch points provide the following benefits:
- The Sales Tax Office for Oracle tax integration package eliminates the constraints and dependencies common with competing tax system data loads.
- Sales orders, as well as customer invoices, are included in the packaged interface, which can be easily modified to achieve complex tax processing requirements, including:
- Location codes in Oracle integration tables can be modified to support order approval and order placement addresses that are required for intra-state sales tax processing.
- Customer address can be associated with drop shipment orders.
- Credit memos and cancelled orders are also processed by the Sales Tax Office system via the tax integration package.
- The tax system integration transaction log records information on all transaction processed through the Sales Tax Office system.
- Taxes calculated by Sales Tax Office are recorded in Oracle as defined by internal Oracle tax codes.
Sales Tax Returns Online lets you save time and eliminate errors by automatically populating your sales and use tax forms, schedules and worksheets with tax information from Sales Tax Office for Oracle. Review, edit, print, audit and even e-file these signature returns, and download Detail Filing Reports to streamline your check request process.
Sales Tax Returns Online provides:
- Integration — Automatically populate forms by loading data directly from Sales Tax Office.
- Comprehensive Form Packaging — All forms include worksheets and schedules that tie directly to the main form for calculations.
- Electronic Filing — Set up an approval and confirmation process for creating electronic feeds and shipping returns to the state.
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