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 Form MT 53 January , Schedule E  New York City Beer and    Tax Ny 2012

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Hi welcome to wills whiteboard I'm will today we're going to talk about New York sales tax it's a huge state a huge economic center and many people have questions about its sales tax law, so I'm going to give you an overview of New York sales tax in one minute ready here we go what's the state rate it's four percent however the rate can get as high as eight point eight seven five percent when you add local tax Nexus or the connection of the state that gives you the obligation to collect sales tax New York works like other states in that if you have a physical presence there you likely have to collect sales tax in addition if you work within state affiliates even having just a link on their website that leads customers to your website, and you get a certain amount of revenue per year you likely have a nexus in the obligation to collect filing your filing frequency will depend on how much revenue you bring in most businesses in New York have to be file electronic file what's a big gotcha

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