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Increasing revenue receipts through improved voluntary tax compliance is no small task. Revenue agencies that integrate taxpayer education programs with improved audit and collection capabilities are leading efforts to improve overall compliance and reduce the tax gap.
Detecting noncompliance due to underreporting, nonfiling and underpayment compounds existing challenges in revenue collection. Now, more than ever, tax agencies must work integrally with internal and external information sources to ensure the accuracy and completeness of their efforts. True agencywide intelligence on tax operations doesn’t reside in transactional processing systems, but rather in cross-divisional management reporting and analysis.
SAS complements existing taxpayer information systems by integrating data across departments, functions and agencies, so that agencies can understand and predict taxpayer behavior and identify high-priority collection opportunities. Key areas to apply the power of SAS include:
- Audit selection. SAS provides segmentation and decision analytics for better selection and prioritization of audit candidates.
- Revenue estimation. Create new strategies and approaches for measurable, sustainable growth by targeting your tax gap. SAS helps you gather and validate more relevant, predictive and forward-looking data for revenue projections.
- Predicting the impact of tax policy changes. Provide state legislators with accurate information to help them decide whether to enact proposed tax changes, modify the proposed changes or reject the changes altogether.
- Staff and process optimization. Use SAS Business Intelligence and activity-based costing to enrich your “what-if” analysis with numbers you can rely on and assess how effectively your resources generate value to the average citizen.
Key Benefits
- Identify audit targets.
- Pinpoint noncompliant economic segments.
- Integrate fragmented taxpayer data.
- Reduce current underreporting and nonfiling to affect future filing habits.
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SAS’ solutions for tax and revenue are founded on the SAS Enterprise Intelligence Platform, which provides:
- Data integration solutions that connect disparate financial and business operations systems and produce accurate, consistent information.
- Advanced analytics that create forward-looking insights revenue leaders can use to determine how to optimize resources and opportunities for collection.
- Business intelligence that delivers information when and how you need it, so you can make better, faster decisions, sustain an effective collection force, and demonstrate accountability to the state legislature, federal government and taxpaying citizens.
At the end of the day, the better use of data to anticipate taxpayer behavior and identify revenue collection opportunities strengthens taxpayer compliance. To help capture your agency's performance management strategy and take it even further, SAS offers SAS Strategic Performance Management.
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