Overview

4 out of 5 Businesses in North America are Overpaying for Telecom Network Services

Why are businesses overpaying?
• Complexity – the telecom industry is defined by complexity & confusion; telecom technology, product selection, supplier contracts, rate plans, invoice validation & payment all require in-depth industry expertise
• No Discipline – telecom expense management is a non-core function for businesses with little if any structured management processes
• No plans or Budget for implementing a Telecom Management Program

Without a Structured Management Process, businesses will continue to Overspend on Telecom Network Services

We can help… Our Telecom Expense Control (TEC) program is a proven Six Sigma Methodology for effective management of telecom network expense.

TEC implementations involve three stages:
1. Identify & Quantify client overspend
2. Capture overspend opportunity
3. Implement TEC process

Telephone Excise Tax Refund on Long Distance Taxes:
The Telephone Excise Tax Refund (TETR) is a one-time payment available on your 2006 federal income tax return. It is designed to refund previously collected long distance telephone taxes. Individuals, businesses and tax-exempt organizations are eligible to request it.

In May 2006, the Treasury Department announced that the government will stop collecting the federal excise tax on LONG-DISTANCE telephone services beginning August 1, 2006 and that individuals, businesses and tax-exempt organizations who paid the long-distance telephone excise tax can request the refund on their 2006 federal income tax returns. The refund is capped at 2 percent of the total telephone expenses for businesses and tax-exempt organizations with 250 or fewer employees — which covers more than 99 percent of all businesses.

Businesses and tax-exempt organizations may determine the actual amount of refundable long-distance telephone excise taxes they paid for the 41 months from March 2003 through July 2006, or use the formula to figure their refunds.

  • Businesses must fill out Form 8913, Credit for Federal Telephone Excise Tax Paid, and attach it to the income tax return they normally file: Form 1120, Form 1120S, Form 1065 or Form 1041.
  • Likewise, tax-exempts, including churches and charities, must fill out Form 8913 and attach it to Form 990-T.

Program Results:
• Telecom supplier expense reductions of up to 35%
• Eliminate low level telecom administration functions
o Vendor invoice receipt & storage
o Invoice validation & payment authorization
o GL allocation
o Dispute resolution & claims processing
• Continually identify additional optimization opportunity
• Report monthly performance metrics

Good News!
Client personnel participation is not required. We simply require two hours of management time to approve our initiatives.

Great News!!!
No funding required. All TEC implementations are self-funded by savings derived from telecom network expense reductions.

Contact TCOM CONSULTANTZ GROUP INTERNATIONAL for further information.


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