NYS Sales Tax Filings Get Even More Confusing

What is Waste Tire?

According to the NY State Department of Taxation and Finance, Waste Tire means any solid waste which consists of whole tires or portions of tires. Tire casings separated for retreading with enough tread for resale are included under this term, however, crumb rubber is not considered a solid waste.

Of course, NYS imposes a Waste Tire Management Fee…

The New York State Department of Taxation & Finance has a waste management fee. It has always been reported on the ...

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16
MAR

0

Newsletter

sales tax, sales tax audit

How to Handle Sales Tax on Cryptocurrancy and NFTs?

What is Cryptocurrancy and NFTs?

States are just starting to issue sales tax guidance on cryptocurrency and non-fungible tokens (NFTs). To overly simplify it, cryptocurrency is digital currency that is recorded on a digital ledger (aka the blockchain). Popular cryptocurrencies are Bitcoin, Ethereum, and Tether. A non-fungible token (NFT) is a unique identifier that records an asset on the blockchain. NFTs usually reference digital files such as photos, videos, and audio. Both cryptocurrencies and NFTs can be ...

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24
FEB

0

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sales tax, sales tax audit, sales tax defense

Sales Tax: The Best Piece of Advice We Can Give You

Researchers generally agree that you must spend 10,000 hours doing something to become a true expert on the matter. If you’ve spent 10,000 hours in your industry, you probably agree. Every member of our professional staff has over 10,000 hours of sales tax experience and we all agree on the best piece of advice we can give you: keep better records! Keeping records is so important that we wanted to start off 2023 discussing recordkeeping, as we have done ...

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24
JAN

0

Newsletter

CPA, exempt, multiple states, record keeping, sales tax, tax