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.

GSA to Support Breast Cancer Research at ComptelPlus

Comptel Member GSA is  glad to be exhibiting at the ComptelPlus Fall event in San Francisco October 18-20 and is looking forward to the new energy put into this show.  While exhibiting, GSA will be collecting donations for breast cancer research and will match up to $500 in donations.  Please visit us in booth 713 to make your donation and see how GSA can help you with your regulatory and tax practice.  Let’s get our pink on!

GSA, BeQuick To Host MVNO Tax Event

Tax Workshop offered by GSA and BeQuick November 17, 2015.

General Solutions Associates and BeQuick to host a tax workshop November 17 as a pre-show event to the MVNO Summit held November 18th- 19th in Dallas.

Atlanta, GA — Telecommunications regulatory and tax compliance leader, General Solutions Associates, LLC, along with BeQuick, widely recognized as the leading cloud-powered billing and fulfillment software provider for wireless and MVNO carriers, will offer a tax workshop focused on the MVNO.

Topics offered at this seminar include:

  • Choosing the right billing & rating platform
  • Licensing the MVNO at all levels – federal, state & local
  • Choosing the best packages and services offering for your market &
strategy
  • Taxation & regulatory pass – throughs for MVNOs
  • Tax Optimizations & Audit Support
  • Bill presentation
  • Seamless Remittance Strategies

General Solutions Associates (GSA) is a telecommunications industry leader in regulatory requirements consulting, compliance outsourcing and tax processing.  “This workshop will provide strategic and relevant topics to the MVNO industry,” says Samantha Maqueo, VP Regulatory for GSA.

BeQuick is 100% devoted to the future of MVNO enablement. Designed for mobile from the ground up, the BeQuick Cloud BSS/OSS for Mobile is a powerful hosted back office service that enables the management and monetization of the entire subscriber lifecycle.

“We are confident that MVNOs developing or enhancing their business will benefit from this workshop,” says Steve McIntosh, COO of BeQuick.

GSA and BeQuick encourage our workshop participants to take in the solutions and networking benefits of the MVNO Summit.  As a registered attendee to the MVNO Summit and a client of either GSA or BeQuick you will automatically be given a place at the workshop. To register please go to http://usa.mvnoindustrysummit.com/register/

To find out more about BeQuick solutions visit their website at www.bequick.com.  To learn more about how GSA can manage your regulatory and tax obligations visit www.gsaudits.com.