Draft Mission
COTS SPEF reduces employer burden by simplifying the processes of the quarterly filing state and federal tax and wage reports and making associated payments
COTS SPEF provides guidelines and standards for the development of e-file software for the calculation and transmission of a uniform record that satisfies the employers’ state and federal obligations
Notes:
The COTS SPEF project’s mission is to encourage development of integrated software packages that include payroll and financial accounting functions, as well as filing functions.
COTS SPEF should reduce the tax and wage reporting burden on employers by facilitating the development of single point electronic reporting of tax and wage reports,.