GSA to Unveil New Strategy for Voice Providers

GSA to Unveil New Strategy for Voice Providers at Channel Partners Evolution

Alpharetta, GA — GSA, the leading Regulatory and Tax Compliance firm in the US, is excited to announce our VIP session August 15 at the Channel Partners Evolution 2016 show in Washington DC. Our Session is titled Business Valuation Through Compliance, What You Need to Know.

This session will not only cover the importance of having a sound regulatory and tax compliance practice for your business but how such a practice can affect the value of your company and ultimately it’s viability as an asset. See GSA’s website, www.gsaudits.com for additional information and real life examples of how bad practice caused the buyer of an existing company with poor compliance routine thousands of dollars.

This session will also serve to introduce Covoda Communications to those seeking to enter the Voice Solutions market but don’t have the resources to properly bill their clients and comply with Government rules. “North America is the largest market for hosted VoIP and unified communications services. From hosted PBX to SIP trunking and data networking, Covoda is excited to leverage its strategic partnership with GSA to provide advanced IP solutions throughout the country,” said Mark Thomas, Managing Director of Covoda. “Our team will share a new model for resellers and agents who want to grow and maximize income without having to become a communications carrier until they are fiscally ready,” he continued.

About Covoda

Covoda Communications, Inc. is a full-service broadband telecommunications company providing an array of business solutions. It has been successfully providing a wide range of voice/telecommunications solutions for more than 10 years.

Don’t miss this informative session. It could present the opportunity you’ve been waiting for. To Register email Jessica Barreras at jessica.barreras@informa.com. To contact GSA, please call Karine Vosberg at 678.304.6469 or email at, Karine@gsaudits.com.

GSA Reduces Mobile Carrier’s USF Liability  by Over $700,000 per Year!

About GSA

GSA is the leading North American Telecom Regulatory and Indirect Tax Compliance advisory and outsource provider. With over 14 years’ experience in the industry, GSA has performed regulatory reviews for telecommunications providers since its inception and is perhaps the most experienced with understanding guidelines surrounding federal and state regulatory and tax rules. Combined with our repositories of data on over 24,000 jurisdictions; GSA’s professionals bring their expertise to bare on all engagements.

About the Carrier

The mobile carrier had adapted their regulatory regimen from a previous business model and support method for rating tax and calculating regulatory liabilities. The largest of them being federal Universal Service Fund liability. Unfortunately for the carrier, assumptions regarding how their products should be rated were based on antiquated resources.

GSA performed a three level approach to the engagement. First, GSA identified the methods by which the carrier applied tax rating to their transactions. This research gave us details on how efficient and accurate the rating logic applied tax liability to the customers’ transactions.

Next, GSA rebuilt the revenue experience in our Tax Lab. GSA applied their knowledge of the customer’s product and sales goals to their revenue and modeled scenarios which achieved the best tax treatment. In doing so, GSA recognized that revenue recognition for the carrier along with their marketing materials did not reflect the proper offerings to achieve the optimal results. As a result, GSA and the carrier embarked on a full review of their terms and conditions and a re-application of revenue recognition methods to synchronize USF filing reports, profiled by GSA to be optimized.

The End Result

This outcome of the project led to a redesign of the customer’s point of sale (POS) and tax rating engine. Integral to that redesign were GSA’s optimization rules which synchronized the rating with the reporting of liabilities. A byproduct of the redesign was seamless automation of transaction data imported into the General Ledger for Revenue Recognition without manual manipulation. The outcome- our carrier ultimately reduced their USF liability by over $700,000 which was credited within the year of their annual report, creating an ROI of over 400% on the project.

Final Note

If you have manual processes involved in your tax and regulatory reporting, and (or) if you have older resources (advisors and systems); let GSA look at your reporting methods to see if there are ways to improve your bottom line.

You Should Know….

Are you bogged down with business license and permit compliance? Do license renewals get lost in the shuffle and cause your company penalties and interest? Don’t be a victim! Let GSA handle this integral part of keeping your company in compliance and good standing in any jurisdiction required. More importantly, let GSA use our research team of professional registration and consulting personnel to advise you on your licensing needs and manage this process most time and cost efficiently from a strategic perspective. Please contact matt@gsaudits.com or karine@gsaudits.com to find out how GSA can take business licenses to a new level of efficiency and compliancy for your company.