Are you a Responsible Person?

Peter Alizio Sales Tax

NYS – RESPONSIBLE PERSON ASSESSMENTS Not all business owners understand that sales tax money is NOT revenue when collected and a deduction when remitted to tax authorities.  In fact, any sales tax money collected does not belong to the businesses or owner at all.  When you register to collect sales tax (by applying for a certificate of authority) you become …

NYS Sales Tax Restaurants

Read before investing in a NY Restaurant

Peter Alizio Sales Tax

All restaurants in New York will have the responsibility to collect and remit state sales tax. Regardless of the type of entity of the restaurant (Corporation or LLC), certain individuals who are active in the management of the restaurant may be deemed “Responsible Persons” and can be held personally liable for any outstanding sales tax liability of the restaurant. If …