Who Must Register, Responsible Persons and Penalties - Sales Tax Audit Procedures
New York state sales and use tax is all of the following: principles based, destination tax, transaction tax, use tax, and facts and circumstances based. Some of the most common principles are sales of tangible personal property are taxable, unless specifically non-taxable; sales of services are non-taxable, unless specifically taxable; if the end result of services to real property is a capital improvement, then the entire project is a capital improvement – the end result principle; sales to not-for-profit organizations and governments are exempt from sales tax. Of course, New York sales tax law is full of exceptions to the above, resulting in exemptions from sales tax.
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John Fontanella, CPA, CCIFP is a tax principle with The Bonadio Group, CPAs, Consultants & More. His practice emphasizes all aspects of sales and income taxes, with more than 30 years of experience in offering technical advisory services. Mr. Fontanella conducts regular seminars and workshops on numerous sales and income tax issues, including specializing in tax planning for contractors, manufacturers, professional engineers and auto dealerships. He is the author of several publications related to the areas of sales tax for contractors and manufacturers.
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