New York State Sales Tax Attorney

If you’re a business, having a New York state sales tax attorney on retainer is a must. The sales tax rules and regulations are complex and audits are a normal part of doing business.

Sales tax is the business killer. Not only must it be collected, but the administrative resource requirements are burdensome to say the least. Getting your first Sale Tax Certificate of Authority is an introduction to a world of regulations and filings that can make the hardiest of administrators groan. Being organized and having great records is critical because the state will be coming to see if you are collecting and reporting correctly.

What should you do when the New York State Department of Taxation and Finance contacts you regarding sales tax issues? Well, you better not try to deal with them on your own. They work on the assumption that you are underreporting sales tax, so doing so presents the agent with a chance to ask you questions that might lead to an expansion of the audit and that would be a nightmare.

A far better approach is to retain a New York sales tax attorney? Why? There are a number of reasons. The first is knowledge. The sales tax lawyer knows the in’s and out’s of the code and is able to steer your business through the pitfalls and traps other businesses run into. He or she can meet with the Department of Taxation on your behalf and put a stop to any fishing expedition agents are trying to conduct.

As you’ve probably noticed, New York is suffering a budget deficit. This means collection efforts are going to be increased dramatically as the state hunts for more funds to close the gap. The state had to struggle to close a 1.6 billion dollar gap this past February. Another 13 billion dollar gap looms and the budgets for 2010 and 2011 are expected to be huge. New York has no choice but to cut spending. Along with that, however, the state will be seeking to improve collections. Sales tax is a big revenue producer, so you know who is going to be getting the unwanted attention of tax authorities.