Sales Tax Analysis A Consulting Service Offered by

What MSC Can do For You: MSC launches a thorough annual review of all sales & use tax generating businesses, including registered and unregistered businesses. MSC monitors and maintains quarterly reviews of the City’s payment data obtained from the Comptroller’s Office. MSC provides a cost-effective solution to facilitate the discovery of additional tax revenue without raising taxes. MSC is a name you can trust with the experience, techniques, and proven results you can depend on.

Thorough Annual Review The annual review will consist of… MSC generated payment data audit reports: Top 100, Significant Anomalies, and Negative Fund Transfers reports. Complete integration into MSC’s Business Inventory Management System (BIMS) database. Complete integration into MSC’s Tax Area Code View (TacView) database.

Payment Data Audit Reports MSC will manage the payment data available to the City from the Comptroller’s Office and generate three main reports to be used internally. Top 100 Report – The top 100 sales tax revenue generating businesses in the City complete with payment history. Significant Anomalies Report – A customizable report designed to discover monthly sales tax anomalies, based on preset dollar value thresholds, that may have been skipped, underreported, or misallocated to an incorrect jurisdiction. Negative Fund Transfers Report – A report that will track all occurrences of a business filing a refund, amended return, prepaid tax credit, state audit, or an incorrect misallocation. All leads generated from these reports will be resolved by a MSC sales & use tax analyst who will contact each taxpayer in order to confirm the nature of any questionable tax periods.

BIMS Database Integration 7 compiled proprietary software data sources purchased by MSC, at no expense to the City, standardized, and integrated into a single database. Tracks businesses that have moved into your jurisdiction but have not updated their permit to reflect the new outlet including businesses that have come under new ownership. Discovers businesses that are unregistered and selling untaxed taxable products. Captures in-state salespeople from out- of-state companies that are unregistered and not collecting sales tax. Locates businesses that have closed their permits but are still currently operating within the City.

TacView Database Integration 2 compiled proprietary software data sources obtained by MSC, at no expense to the City, that are entered into a database for cross- referencing. TacView’s scope covers all businesses within the official city limits with a properly registered sales & use tax permit and searches for Tax Area Codes (TAC) that are erroneous. Discovers businesses that are registered incorrectly to a county jurisdiction. Captures all businesses within the City that are incorrectly coded to another city jurisdiction. Focuses on home office businesses that are incorrectly registered to another jurisdiction but are not physically visible to the City.

Quarterly Reviews Aside from the thorough annual review, MSC will continue to review the City’s payment data obtained from the Comptroller’s Office on a quarterly basis so nothing goes untouched. These quarterly reviews consist of the Top 100, Significant Anomalies, and Negative Fund Transfers Reports, in addition to a complete review of the City’s quarterly Paid & Delinquent Reports, also obtained from the Comptroller’s Office.

Cost Effective Benefits MSC’s sales and use tax analysis services are contracted on a contingency-fee basis…we don’t get paid unless we make money for you! Our full-scale analysis, and contact with taxpayers in and around your community will serve to better educate businesses and prevent errors in the future before they occur! The City will enjoy the ability to create a more precise economic forecast and budget as MSC will continue to monitor the City’s sales & use tax records on an ongoing basis!

A Name You can Trust MuniServices, LLC is a leading provider of specialized financial services to Texas governments through the Texas Municipal League. MuniServices, LLC is the leading provider of revenue discovery and audit services to local government nationally. MuniServices, LLC has a proven track record for finding misallocated sales & use tax revenue for its Texas client cities.

For Further Information Contact Brian Gordon, CPA Texas Marketing Manager 877-TAX-REV1 (Toll Free)