Audits

The Audit Team performs audits of business operations to ensure equitable licensing classification, accurate business assessment reporting, and compliance with other taxing directives as propagated by the Commonwealth of Virginia and the City of Norfolk.

Basic Audit Procedures

Audit selection is conducted with the use of trend, risk, and financial ratio analysis. An audit engagement letter or request for information requires a business to make available for examination, all pertinent:

• Books of record
• Transaction journals
• Source documents, receipts, and invoices
• Client prepared work papers
• Federal, state, and local tax returns

Many standardized audit procedures are utilized to improve efficiencies and increase quantity and quality of the audit performance.

Appeals

An appeal process has been implemented to encourage resolution of local business tax issues. A taxpayer can apply to the Commissioner of the Revenue for a review of a previously issued assessment. The appeals process requires the objection be filed in writing, along with any supporting documentation, within 90 days of the issuance of the assessment or audit report. If the taxpayer is dissatisfied with results of the local review, they may appeal the decision to the Tax Commissioner in the State of Virginia’s Department of Taxation.

Copyright © 2008 Norfolk Commissioner of the Revenue. All rights reserved.
Please contact developer with any comments or questions.
Mailing address: P.O. Box 2260, Norfolk, Virginia 23501-2260
Phone: (757) 664-7890