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…
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…