Drive sustainable prosperity in communities through innovative revenue capturing strategies tailored to the unique needs of each locality. LocalEconomix aims to create enduring positive impacts that enhance the quality of life for all residents, ensuring a prosperous future for generations to come.
A tailored, hands-on revenue securing service to empower towns and cities to strengthen their financial position in order to be properly positioned to improve municipal service delivery. LocalEconomix fills the void where larger outsourced audit and revenue recovery consultants are focusing on larger projects and towns. We don't have the overhead of dozens of employees. We will provide a dedicated streamlined approach to jurisdictional revenue capture by simply enforcing the rules you already have codified.
Principal Consultant, Chris Wilson, CFE, has 14 years of tax audit and revenue administration experience with 10 years performing sales and use tax audits for a home rule city in the Denver area. Chris specialized in building permit use tax reconciliation audits, large vending-in and telecom business audits, and tax incentives administration for the City. With TABOR requirements to ballot any increase in taxes, LocalEconomix has proven tools to capture revenue that is already allowed in your Municipal Code. Let's have a conversation about your Code and revenues allowed but may not be currently accounted for.
Professional Associations & Certifications:
- Association of Certified Fraud Examiners
- Colorado Government Finance Officers Assoc.
- Colorado Tax Auditors Coalition
If you collect use tax on the estimated value of materials used in construction projects, do you reconcile the actual materials at the end of the project? You should as better than 90% of construction projects have at least one change order. Change orders = additional use tax.
Ensure compliance with your local Sales Tax Code. Historically, sales tax audits average 16 hours to complete, and collections average $21,000.
Processing of tax refund claims aren't simply a rubber stamp. We will review source documents for validity and follow through with the taxpayer to ensure fairness and accuracy of the tax refund.
Internal audits/reviews are an important tool all municipalities, regardless of size, should facilitate yearly. Purchasing card audits, payroll audits & vendor reviews are in our toolbox.
Starting with your initial conversation with potential developers, we can provide guidance on agreement language; then assistance with the life-cycle of the agreement, including monthly accruals and payment processing.
Phone: 720-732-8321
Email: Chris@localeconomix.net
Principal Consultant
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