CSC PTMS PROPERTY TAX SOFTWARE

For state-assessed industries, each property tax return can represent a substantial investment of time and resources—from tracking unique asset values to preparing balance sheets and financial information—each return can take months to prepare. CSC PTMS helps users reduce manual compliance tasks so they can spend more time focused on minimizing taxable liability.

• Generate state- and locally-assessed facsimile returns for virtually all industries across the United States

• Analyze anticipated taxable value using depreciation or unit-value methods; distribute linear assets across jurisdiction lines

• Calculate asset values using a combination of assessor calculation tables, exemption or abatement rules, idle equipment factors, or other user-defined calculations

• Break out non-assessable costs, such as software, installation, and sales tax from assets

• Split assets into multiple categories and ages or across multiple returns

• Calculate values, manage accounting or accrual processes, or generate reports using external data by pushing data in and out of spreadsheets without needing to import or export

• Generate accruals and forecasts at any level, e.g., state, plant, cost center, division, tax bill

• Track all appeal events, results, and costs using appeal management tools

• Audit log ensures data integrity and Sarbanes–Oxley compliance

How much time each year do you spend reconciling assets, filing returns, and invoicing property tax to customers? How much tax are you failing to recover because leases terminate before the tax bill arrives? CSC PTMS helps users minimize manual compliance tasks so they can stay focused on the bottom line.

• Generate returns for any leased asset by jurisdiction, assessor account, address, or other user-defined group

• Automatically identify asset changes, including transfers, new acquisitions, cost changes, and disposals upon import

• Tracks lease and vehicle information for use in generating returns, customized reports, and customer invoices

• Break out non-assessable costs, such as software, installation, and sales tax from assets

• Calculate asset values using a combination of assessor calculation tables, exemption or abatement rules, idle equipment factors, or other user-defined calculations and quickly apportion tax bills to assets

• Automatically validate mailing, assessor, and collector addresses, as well as billing jurisdictions, to each asset address

• Receive alerts for missing or over-assessed value notices and tax bills

• Forecast leasing-specific lease-term tax estimates and end-of-lease tax estimates

• Connect to AP and AR systems for an easy-to-use tax payment process

Managing your clients’ property tax compliance needs is extremely complex—from understanding the unique needs of each industry to managing ever-changing jurisdiction requirements—tax consultants experience every property tax scenario possible. CSC PTMS is an all-encompassing system that prepares returns for virtually every industry—from state-assessed utilities to small retailers.

Automate your tax compliance processes so you can focus on saving your customers money and growing your business.

• Eliminate redundant annual cleanup

• Access preloaded information from thousands of jurisdictions, including tax returns, calculation tables, tax rates, and due dates

• Auto-populate state and local jurisdiction facsimile forms with client data

• Input value notices and tax bills using available Optical Character Recognition (OCR) tools to eliminate data entry

• Break out non-assessable costs, such as software, installation, and sales tax from assets

• Calculate asset values using a combination of assessor calculation tables, exemption or abatement rules, inflation and deflation factors, or other user-defined calculations

• Receive alerts for missing or over-assessed value notices and tax bills

• Track all appeal events, results, and costs using appeal management tools

• Quickly apportion tax amounts to asset records for easy customer invoicing, division, or cost center accounting

• Automatically recalculate accruals and forecasts based on new information; generate forecasts and accruals at any level; track accrual account balances over time

• Ensure data integrity and Sarbanes–Oxley compliance with an audit log

• Connect to AP and AR systems for an easy-to-use payment process