TELECOM
TAX COMPLIANCE
Competing in Today’s Telecom Environment Requires Focus
Today’s competitive telecommunications environment requires
that firms stay focused on their core business. Telecommunications
taxes are a serious distraction that can deplete a communications
company’s focus and energies. New products, expanding the
customer base and improving service levels should be your
core business … not the complicated and administratively
intense process of sales and telecommunications tax compliance.
Tax Partners Managed Services has Revolutionized the Way
Communications Companies Manage Tax Compliance
Fortunately,
today’s telecommunications companies have a great solution
for managing the complex and overwhelming process of sales
and telecom tax compliance. Tax Partners Managed Services
has revolutionized the way the telecom industry manages
tax compliance. Over 175 of the nation’s leading telecom
providers … including companies like AT&T, Verizon,
Cingular Wireless and Level 3 have chosen to outsource
their sales and telecom tax compliance process to us.
These companies have realized the many benefits of shifting
this back office function to Tax Partners Managed Services,
including ….
- Increased control
- Lower risk
- Lower costs
Proprietary Technology is the Key for Telecom Tax Issues
We understand that the key to successfully managing
sales and telecom tax compliance is having the systems
and foundation to manage the complex data inputs that are
produced by today’s telecommunications companies. Our large
telecommunications client base includes hundreds of entities
that transmit thousands of data files each month to Tax
Partners. Over the years, we have created data interfaces
to virtually every major telecom billing system and service
bureau, including the different tax rate software and data
providers used by different billing companies.
In addition to familiarity and experience
with telecom tax source data, our TRACS™ system automates
the compliance process, allowing us to deliver a comprehensive,
worry free compliance service to our clients. From receiving
your source data in your format through the process of
managing notices and jurisdictional correspondence, our
service is comprehensive.
With over 5 years of experience serving the telecommunications
market, we also understand the types of information
today’s telecom tax and accounting departments need to
run efficiently and effectively. Our web reports and web
based image library provides fast, easy access to the tax,
reconciliation and audit trail information you will need
to stay close to the process without having to have you
or your team get distracted by being in the process. 24/7
access to data and reports also means that your control
of the compliance function increases with Tax Partners
Managed Services. Imagine what it would be like to have
detailed reports, analysis, reconciliations and an image
bank of your company’s tax compliance situation … all right
at your fingertips!
Experience
that Delivers …
Let’s
face it … sales & telecom tax compliance will never be
core business for a telecommunications company. It’s a necessary
evil that can quickly distract your company, tax or finance
department. Today’s leading telecommunication
companies are increasingly turning to Tax Partners Managed
Services to manage this process for them. With over 545,000
tax returns per-year and over $7.5 Billion dollars being
remitted for our clients, we have a proven process
that can work for your communications company.
Let Tax Partners Managed Services manage this function
for you so you too can benefit from our…
- Scale
- Flexible data driven business model
- Process integrity
- Access to tax information and images via the web
- Experience and expertise in the telecom industry
Want more information? Email us at salesanduse.tax@thomson.com
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TAX RATING
A Great
Alternative to In-House Calculation or Sales Tax Rates
Management
Accurately billing and collecting sales and telecom taxes
is a challenge to say the least. Maintaining tax rates,
keeping your tax calculation system up to date and accurately
applying sales tax rates to your different products and
services is enough to distract any telecommunications
company.
Fortunately,
Tax Partners Managed Services has an alternative to the
complex recurring process of sales and telecom tax calculation.
Our Tax Rating service is a convenient alternative
to manually researching and applying tax rates or maintaining
and managing a third party tax rate system on your billing
platform. For the fast growth telecom company, our
Tax Rating Service helps keep the IT department aligned
with growth initiatives … rather than becoming distracted
integrating and maintaining an in-house tax rates calculation
system.
It’s easy to incorporate our sales and telecom
tax rating service into your existing business. Simply
transmit your CDR’s or transactions; Tax Partners Managed
Services then calculates the applicable sales tax rates,
appending your file and then transferring the tax amounts
back to you for use in your billing process.
A Great Alternative for Prepaid Providers
While
our Tax Rating service is a good solution for many
post-paid/direct bill telecom companies, many prepaid companies
have also benefited greatly from Tax Partners Managed Services
Tax Rating Service. Prepaid long distance, prepaid wireless
and prepaid dial-tone providers are all great candidates
for our Tax Rating Service. With taxes bundled
into the prices these telecommunications charge their customers,
many of these providers need not itemize taxes directly
on their invoices. Computing the taxes owed each month,
however is another matter. Reverse calculating the applicable
sales, use, excise, telecom and other miscellaneous taxes
and fees can be incredibly complex.
Tax Partners Managed Services has significant depth and
breadth in the calculation of sales tax rates for the prepaid
marketplace. Each month we perform over 245 million
tax calculations.
Our experience spans the different classes of prepaid communications
service types, and our Tax Rating Service feeds directly
into our telecom Tax Compliance
Service, making Tax Partners the perfect back office
tax compliance option for today’s high growth telecom firm
that wishes to keep its tax and accounting function focused
on the core business.
Want to learn more about how Tax Partners Managed Services
can help your company manage the complicated and risky
process of sales and telecom tax calculation? Contact us
at salesanduse.tax@thomson.com
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SUCCESS STORY
“We want to focus on planning…not
compliance”
This
large Southeast based telecom company’s tax department
constantly struggled with keeping their focus on the more
important, strategic facets of tax. After the departure
of one of their department’s staff, they took the opportunity
to re-think the focus of the tax team. As they assessed
their options, they talked to Tax Partners to see if we
could help. They concluded that outsourcing sales and telecom
tax would allow them to refocus their team…allowing them
to rise above the data and deadlines and spend their time
and energy on things that have a bottom line impact like
planning and audits.
With Tax Partners Managed Services handling the compliance
work, this tax department is able to manage the state and
local tax function from a very strategic level. Armed with
our web based
management and GL reconciliation reports and kept out of
the day-to-day fray of tax returns, they devote their resources
towards the tax matrix, state and local tax strategy, planning
and minimization. In order to make the strategic shift,
it took taking control of the complex compliance process
by bringing in the experts…Tax Partners.
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