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

Update: The NYSDTF administrative policy of granting responsible person relief to certain minority members of LLCs has been codified into law by the New York State 2018-2019 budget signed 4/12/18.   Part X of the NYS executive budget is the piece of the legislation that more or less codified NYSDTF administrative policy published in TSB-M-11(17)S.  The NYS Department of Taxation …