The Vendor is required to provide a continuing need to recover lost tax revenues by auditing Transaction (sales) and Use Tax revenues, and currently uses a contractor to locate and correct distribution and allocation errors, and to prepare and submit information to the department.
- Provide historic transactions (sales) and use tax information and projections for County budgeting purposes and specific projects.
- Must proactively identify, audit, and correct sales and use tax allocation errors while delivering timely, data-driven insights and reporting to maximize revenue recovery, ensure compliance, and support the County’s financial planning and decision-making.
- Must identify and arrange for the collection of transactions (sales) and use taxes from individuals and businesses that have failed to pay such taxes by not reporting them at all or have paid less than what was (or should have been) billed by under reporting them, or to correct errors if they were billed improperly.
- Must screen revenue sources for tax reporting errors by utilizing several proprietary systems, including both manual reviews and automated database queries to identify “leads” with respect to either misallocated or under-reported tax revenue.
- Must determine the accuracy of the tax revenue allocation for transactions (sales) and use tax. Contractor must calculate the correct billable tax rate for the entire scope of County taxpayers.
- Must provide a database for the transactions (sales) and use tax that identifies the appropriate County taxpayers by name, address, and period allocations (monthly, quarterly, annually, etc.) for, at a minimum, the most current and previous four quarters.
- Must provide a database for the transactions (sales) and use tax that shows total tax receipts paid to the County.
- Must work with the appropriate State/governing agency in order to correct allocation errors and increase the County's revenue, when it is determined that the County is receiving less money than it would if the allocations were properly made.
- Must identify and correct transactions (sales) and use tax distribution errors by initiating and conducting ongoing tax audits to generate unrealized tax income for the County.
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