My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
55B - RESO DEPT OF TAX AGMT MEASURE X
Clerk
>
Agenda Packets / Staff Reports
>
City Council (2004 - Present)
>
2019
>
01/15/2019
>
55B - RESO DEPT OF TAX AGMT MEASURE X
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/10/2019 7:02:47 PM
Creation date
1/10/2019 6:58:03 PM
Metadata
Fields
Template:
City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
55B
Date
1/15/2019
Destruction Year
2024
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
36
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
EXHIBIT A <br />SCOPE OF WORK <br />Sales & Use Tax and Transactions & Use Tax - Audit Services (SUTA) Services <br />In performing the sales, transactions and use tax audit program MuniServices shall: <br />1. Identify and correct the sales & use tax and transactions and use tax reporting errors of businesses <br />that, based on the nexus of their activities, are not properly registered with the City. <br />2. Identify and correct the reporting of businesses that are improperly reporting taxes to state and county <br />pools (i.e. classifying sales tax and/or transactions tax as use tax) and thereby depriving the City of <br />sales tax and/or transactions tax revenue. <br />3. Detect, document and correct sales & use tax and transactions & use tax reporting errors/omissions <br />and thereby generate new, previously unrealized revenue for the City. <br />4. Ensure through comprehensive audit measures that the revenue information used for ongoing <br />economic analysis includes all sales & use tax and transactions & use tax generators. <br />5. Assist the City with strategies to preserve and even enhance sales & use tax and transactions & use <br />tax revenue generated by existing businesses within the City. <br />MuniServices' proposed sales & use tax and transactions & use tax allocation audit services for the City <br />includes five distinct types of audits: <br />o Taxable Nexus Field audits <br />o Permitization audits <br />o Deficiency assessment audits <br />o Accounts payable audits <br />o Quarterly Distribution Report audits <br />Taxable Nexus Field Audits <br />MuniServices' initial and periodic taxable nexus field audits include a physical canvassing and evaluation of <br />sales & use tax and transactions & use tax generating businesses located in the City. In the absence of this <br />undertaking, significant misallocations will remain undetected. MuniServices' field audits focus on those <br />businesses located in the City from which the City has not been receiving sales & use tax and transactions & <br />use tax revenue. <br />Permitization Audits <br />Wholesalers, contractors, processors, manufacturers and other non -retail businesses will frequently not have a <br />sales tax permit properly registered to the City in which they are located because their business operations do <br />not include a point-of-sale qualifying activity. However, these companies will often generate local sales & use <br />tax and transactions & use tax from the State Board of Equalization (BOE) audit deficiency assessments, <br />occasional sales (i.e., mergers and acquisitions), and self -accrual of use tax on purchases. MuniServices' field <br />audits facilitate the identification and correction of improperly registered permits for companies having point-of- <br />sale operations in the City. <br />Deficiency Assessment Audits <br />When the California BOE audits taxpayers for sales & use tax and transactions & use tax compliance, it is not <br />uncommon for the taxpayer to receive a substantial deficiency assessment due to underpayments and/or <br />under -collections. In many cases, the local allocation portion of the deficiency assessment is distributed in <br />error to the State pool, county pools, or other Jurisdictions. Accordingly, MuniServices has developed <br />proprietary criteria and techniques to detect and correct BOE deficiency assessment misallocations and thus <br />expand the benefits produced by MuniServices' allocation audit service. <br />55B-27 <br />
The URL can be used to link to this page
Your browser does not support the video tag.