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AgdaPkt 2015-06-08 Joint SA and PFA
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AgdaPkt 2015-06-08 Joint SA and PFA
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Last modified
6/9/2015 9:08:33 AM
Creation date
6/4/2015 5:22:10 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
6/8/2015
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<br />• Contact personnel in sales, operations and/or tax accounting at each business of interest to determine whether a point-of-sale reporting error exists, if an error is found, assist the taxpayer and SBE to make the necessary corrections and collect eligible back quarter amounts. <br />• Identify and correct the SUTA reporting errors of businesses that, based on the location of their activities, are not properly registered with the City or are improperly classifying and reporting sales tax as use tax. <br />• Coordinate with the business and SBE to make the necessary corrections plus retroactive adjustments for eligible amounts of sales and use tax improperly distributed in prior quarters. <br />• Respond to negative findings by the SBE with timely reconfirmation documentation in order to preserve the City’s original dates of knowledge. <br />• Represent the City, as necessary, in the appeals of rejected misallocation inquiries under SBE processes. <br />• Assist the City with strategies to preserve and enhance SUTA revenue generated by existing businesses within the City. <br />• Aggressively pursue revenues due to the City that are not currently receiving due to inaccurate policy, regulatory and legislative tax applications. <br />• Appraise the City of federal and state legislation or regulations that may impact SUTA revenues and provide recommendations on steps to take to preserve or enhance these City tax revenues. <br />MuniServices’ Audit Types Taxable Nexus Field Audits: Taxable Nexus Field Audits resulting new revenue for the City. MuniServices initial and periodic Taxable Nexus Field Audits include a physical canvassing of the City’s borders in addition to the commercial and industrial areas of the City, and an evaluation of sales and use tax generating businesses located in the City. In the absence of this labor-intensive, time-consuming effort, significant misallocations may remain undetected. Permitization Audits: Permitization Audits enable the identification and correction of improperly registered permits for companies having point-of-sale or use operations in the City. Wholesalers, contractors, manufacturers and other non-retail businesses will frequently not have a sales or use tax permit properly registered to the City in which they are located because SBE records may indicate their business operations do not include a point-of-sale qualifying activity. However, these companies will often generate local sales and use tax from new or changed operations, the self-accrual of use tax on purchases through direct payment permits, and SBE audit deficiency assessments. Quarterly Distribution Report (QDR) Audits: The QDR Audit enables MuniServices to conduct the QDR audit each and every quarter to minimize the potential of lost revenue to the City. MuniServices QDR audits have the same objective as the Taxable Nexus Field Audit and <br />ATTY/AGR/2015.101/MUNISERVICE LLC <br />7.1.H. - Page 17
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