"Correct tax answers. Correct tax rates. All provided in a way that is useful to industry."
McMinnville, OR (PRWEB) May 04, 2016
The TTR team will be showing attendees live demonstrations of their new Telecom Tax Rates Library. TTR’s Telecom Tax Rate Library has several industry firsts. Most notably is that TTR’s Telecom Tax Rates are the first to have full legal citations adjacent to every rate, with a direct link to laws. Other industry firsts include full exports of tax rates with associated legal citations, early rate change reports, tailored updates, and more.
Mr. Shon Holyfield, CEO of TTR, Inc. was asked to describe TTR’s relationship with TMI and the creation of the upcoming Telecom Tax Rate Library.
“We started down the path of a telecommunications tax rate offering years ago and we realized we just were not staffed to make it happen at that time. Releasing and maintaining Telecom Tax Rates is a monumental undertaking and one we needed help completing. We were stuck in our own rules and restrictions here at TTR. Rule #1 – It has to be right and maintainable.
Accuracy and ‘how will this hold up under audit’ are always first on our list of importance at TTR. Our management team is made up of several former tax department heads. We were raised on the belief that everything has to be right and it has to be auditable. As my Nana would often say growing up, ‘Getting it right sometimes takes more time, but in the end it is worth it.’ Correct tax answers. Correct tax rates. All provided in a way that is useful to industry. So how do you get Telecom Tax Rates right? It is a monumental undertaking; one that only a handful of other companies have ever attempted. We knew that we needed help.
That led us towards our partnership with TMI. Connie Wightman’s team has 40 professionals, most of whom have 12+ years in the telecom industry. Outside of the larger telecommunications companies themselves, TMI might be the single largest group of telecom fee experts in the US. The best part of TMI is their culture. Like TTR, they have one priority above all others – it has to be right. You can imagine our relief when we met and started working with Connie and her team at TMI.
We worked thousands of hours (not a joke) – both teams, setting up relationships nationwide with state and local governments to ensure that our telecom tax rates were accurate and would stay accurate going forward. Connie’s team and our team are really amazing.
Please remember that is always hard work from amazing people that get these projects done. Ideas are great and all, but it the brave people that actually do the work that should be acknowledged. Thank you to TMI and TTR. Thank you to the families that support all of these amazing professionals. Your hard work will make it possible for other professionals to maybe get home a little earlier or have peace of mind in knowing their telecom tax rates are right and auditable. I believe this is what makes every tax professional amazing – they all work very hard to get things right.”
- Shon Holyfield – CEO, TTR, Inc.
The TeleStrategies Taxation Conference has become one of the most popular events for tax professionals in the communications industry. Those who attend are looking to simplify the complexities of telecommunications taxation and compliance. TTR and TMI are proud to sponsor and participate in this year’s TeleStrategies Taxation Conference.
Special guest speakers from Transaction Tax Resources include Mr. Shon Holyfield – CEO, TTR, Inc.
For more information, please go to http://www.telestrategies.com/tax.
About Technologies Management, Inc.
("TMI") is a consulting firm specializing in state and federal regulatory matters for the telecommunications and competitive energy industries. Established in 1986, our firm brings our ability to collaborate, innovate, and accurately manage required regulatory actions to our clients. Our solid experience with market entry, product planning, and regulatory compliance has enhanced the value of hundreds of competitive service providers by establishing compliance "best practices" and maintaining good standing with state and federal regulatory agencies. Each member of TMI's consulting staff has worked within the industry or the public utility commission environment and brings practical, real world experience to help our clients meet their goals. For more information, visit http://www.tminc.com.
Transaction (buying or selling things), Tax (the tax on this activity), Resources (our people, our website, our support services) - TTR, Inc.
TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.
TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.
Please visit TTR on the web at http://www.ttrus.com or call 866.578.8193.