Many business owners assume that operating through a corporation or limited liability company protects them from their company’s tax debts. When it comes to New York sales tax, that assumption can be dangerously wrong. New York law can impose personal liability…
A New York sales tax audit can become much more serious when the auditor concludes that your business records are incomplete or inadequate. If your records allow the New York State Department of Taxation and Finance to verify your taxable…
If your New York business is undergoing a sales tax audit, one of the most important questions may be whether the auditor considers your books and records adequate. Why does that matter? Because when a business has adequate records, the…