Restaurants are frequent targets of New York sales tax audits because they often involve a mix of cash sales, credit-card transactions, point-of-sale systems, food and beverage purchases, tips, complimentary meals, takeout sales, and other transactions that can be difficult to…
A New York sales tax audit can result in more than an assessment of additional tax. The New York State Department of Taxation and Finance may also impose penalties and interest, sometimes adding a substantial amount to the total liability. For…
A New York sales tax audit can end with an assessment substantially larger than a business owner expected. The auditor may claim that your business underreported taxable sales, improperly treated transactions as exempt, failed to collect sales tax, maintained inadequate…