With over 35,000 taxing jurisdictions in the United States, the dream of growing a nationwide business can quickly become a compliance nightmare. Compliance Solutions reporting services eliminates that nightmare while allowing you to focus on your dreams. Our team of CPAs and tax professionals provides the assurance that your compliance requirements are being completely addressed. This allows you to keep your focus on what is most important: your business.
Transaction tax reporting includes taxes created by the legislative branch of governments such as, sales, communications services and E911 tax, and also surcharges imposed by the executive branch of governments like FCC and State Universal Service Funds. Filing and remitting payments for these returns is complex; different rules apply for every state and local jurisdiction.
Compliance Solutions tax reporting is superior due to our audit support and tax mapping services which provides the "why" of how to handle returns and not merely the "how." We use transaction data from your accounting platform to prepare all of your returns - paper or electronic.
We review incoming tax data for inaccuracies and proactively handle returns and notices using our proprietary CSI Infrastructure Management System for filing at the Federal, State, County/Parish and local level. We maintain and renew your annual licenses which provides a complete turnkey solution that delivers peace of mind.
An often overlooked area of compliance is Tax Exemption Management. We go beyond reporting to tax authorities, and manage your wholesale and enterprise customers' exemption status information on a monthly basis.
We reach out to your wholesale and enterprise customers with a detailed exemption package with federal and state exemption documentation. We are available to support your wholesale resellers with questions and concerns. We help them understand specific issues and assist them in keeping you in compliance.
We provide a monthly status report to maintain most recent tax exemption information concerning your carrier and wholesale customers. This is done through the USAC website which has the most active and current Federal USF contributor status.
Preparing and filing FCC and transaction tax returns is only part of the services needed in order to maintain compliance.
Compliance Solutions treasury management provides an efficient vehicle to forward the collected funds from your cusotmers to us so we can remit those funds to the various tax agencies. This process guarantees there is no commingling of funds.
A bank account with Bank of America is established and disbursements to agencies are made from this account. Our Treasury Management team reconciles your account monthly and provides the reconciliation and a copy of the bank statement to you.
Failing a compliance audit can create all sorts of problems for your business. It can hurt your brand, cost you business, require you to pay heavy penalties, or even force your business to shut down.
Compliance Solutions has an experienced team of CPAs and tax industry experts which are dedicated to handle the defense of our client's local, state, and federal tax and regulatory audits. Our team conducts an initial in-depth Review and Risk Assessment to determine and better manage any potential tax liabilities which usually result in reduced tax liabilities for our clients.
Our service includes all communications with the auditor, usually at our offices. We keep the audit moving, allowing your staff to focus on your business. This minimizes disruption caused by interpreting auditor requests and responding to any technical challenges that arise.
Our approach includes listening to your goals and concerns as we discuss preparation and filing options with you. We develop and maintain all necessary schedules to ensure proper reporting. We proactively handle notices and inquiries from the IRS and State Department of Revenue agencies.
Should you already have a federal preparer, we would work with the CPA firm to develop an apportionment schedule to ensure consistency of reporting revenues in the states.
Whether your company has fiber in the ground, servers in a data center, or equipment at customer locations, most companies have some level of property tax filing requirements at both local and state levels.
Our team of property tax experts will work with your to review your fixed asset details and other support requirements to ease the burden of property tax compliance and to seek cost savings.
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