Receiving notice of a New York State sales tax audit does not mean that you are under criminal investigation. Most New York sales tax audits are civil examinations. The New York State Department of Taxation and Finance audits businesses to determine whether…
Running a business can create serious cash-flow problems. Payroll is due. Vendors need to be paid. Rent is approaching. A business owner may see money sitting in the company’s bank account—including sales tax collected from customers—and use those funds to…
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…