NYS Tax & Finance Dept Launches New Sales Tax Web File
The New York State Department of Taxation and Finance has recently updated its Sales Tax Web File. There hope was to make it easier to use. The Sales Tax Web File will enable you to file all schedules, amended and late returns as well as credit or refund request applications electronically. To do this the Department is requesting additional sales, credit and income information. The new sales information includes reporting total non-taxable and exempt sales as well as the amount of debit and credit card deposits.
The New York State Restaurant Association and other business groups have expressed concern about one of the new pieces of sales information being requested that asks for debit and credit card deposits. NYSRA thinks this information does not provide the Department with useful information regarding sales tax owed.
If you currently use the Sales Tax Web File we urge you or your accountant to sign up for one of the Department’s webinars to learn more about these new requirements.
There are also online demos.
The Department’s New Sales Tax Web File page can be viewed at www.tax.ny.gov/bus/st/stmp.htm