STRATEGIC PRIORITY: Government Performance & Financial Management
AGENDA DATE: November 9, 2022
COUNCIL DISTRICT(S): All
DEPARTMENT: Office of Procurement Services
EXECUTIVE: Jack Ireland
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SUBJECT
Title
Authorize a three-year professional service contract, with two one-year renewal options, for sales tax compliance review and recovery services for the Office of the City Auditor - Avenu Insights and & Analytics, LLC, most advantageous proposers of five - Estimated Annual Net Revenue: $735,000 $4,320,000 (see Fiscal Information)
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BACKGROUND
This service contract will provide sales tax compliance review and recovery services for the Office of the City Auditor. This contract will allow the contractor to work directly with identified businesses to achieve voluntary sales and use tax compliance by assisting the businesses with tax code interpretations and preparing amended tax returns. If companies do not voluntarily comply, referrals are made to the Texas Comptroller of Public Accountants requesting audit assistance to achieve compliance.
The City will pay Avenu Insights and & Analytics, LLC 24 20 percent of the sales and use tax revenue received by the City from the correction of taxpayer reporting errors detected and documented by the Sales and Use Tax Compliance Review as follows.
The 24 20 percent contingency fee:
* Based on the revenue received by the City as a result of the work completed by Avenu Insights and & Analytics, LLC
* Applies to all sales and use tax revenues corrected for the City for any periods prior to the date of correction
* Applies to revenues received for the first eight consecutive reporting quarters following the date of correction
The Office of the City Auditor validates the additional sales and use tax collection and associated contingent fees quarterly. The most recent contract identified over $8 million in additional sales and use tax collections for ...
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