Advisory
Vertex and Strategic Accountants Partner for Communications Tax Software
Differences in taxation across jurisdictions and the sheer complexity of communications services taxation require detailed awareness of rules, rates and service categories to avoid triggering audit penalties or class action lawsuits, a challenge even ...
Apr. 10, 2017
Vertex, Inc., a provider of tax technology and services, has partnered with Global Strategic Accountants, LLC, a recognized regulatory and compliance authority in the telecommunications industry. Together, Vertex and Global Strategic Accountants offer communications service providers the tools and expertise to address communications tax complexity and apply appropriate tax rules.
Differences in taxation across jurisdictions and the sheer complexity of communications services taxation require detailed awareness of rules, rates and service categories to avoid triggering audit penalties or class action lawsuits, a challenge even for traditional service providers. With the evolution of communications services, from simple phone calls to VoIP (Voice over Internet Protocol), the Internet of Things (IoT), and beyond, the range of organizations that are subject to related taxes is expanding, making the combination of tax automation, consulting services and tax return compliance even more critical.
“As tax and regulatory authorities adjust to new communications services, tax legislation is often ambiguous or incomplete, making it difficult for service providers to navigate and calculate the proper amount of tax,” said Peggi Rockefeller, chief tax officer for transaction tax at Vertex. “Vertex tax solutions, paired with Global Strategic Accountants’ advisory and tax compliance managed services, reduce audit risk and optimize tax return compliance so companies can focus on core business operations.”
As recognized industry leaders, Vertex and Global Strategic Accountants align their expertise to deliver unmatched end-to-end solutions. Vertex technology delivers precise tax jurisdiction assignment and accurate calculation of taxes and regulatory surcharges and fees, while Global Strategic Accountants deliver tax and regulatory return compliance as well as tax and regulatory consulting services.
“The communications services market has evolved dramatically to an environment where communications services might be a small piece of what an organization offers. At the same time, taxation is just beginning to catch up to industry changes, creating a challenging scenario for businesses. Today, companies that deal with communications services need both tools and guidance to stay compliant,” said Matt LaHood, CEO of Global Strategic Accountants. “Vertex’s trusted corporate tax automation solutions integrate with our regulatory expertise to fully optimize tax collection and remittance and serve provider needs.”