State Tax Dept. Overhaul

The New York State Department of Taxation and Finance announced on Aug. 31, that it will launch a more business friendly, online sales tax system on Sept. 4, 2012.

The new system uses state-of-the-art web technology to provide a one-stop, seamless online experience for sales tax filers.

New York businesses can now perform all their sales tax filing and reporting tasks online.

The customer-focused, fully electronic system was developed based on requests and input from thousands of business users. The enhancements help businesses comply with the law and pay the appropriate sales tax.

“Eliminating paper saves taxpayer dollars and improves service to the business community,” said Commissioner Thomas H. Mattox. “This new system builds on our ever-expanding platform of online services, and enables faster and more efficient processing. It’s good for taxpayers, it’s good for businesses, and it’s good for local governments that rely on sales tax revenues to deliver services and pay their bills.”

Among the use-requested enhancements, businesses can now securely schedule payments in advance and store bank information for future returns.

Sales tax vendors will also be asked to report additional information about their sales activity and other important business information. The new information will aid the Department in its mission to ensure tha sales taxes collected by vendors from their customers are accurately and honestly reported and remitted. Details of the new requirements and phase-in period are available from the Department’s Web site.

“We’re undertaking a multi-pronged outreach effort to engage businesses statewide,” Commissioner Mattox added. “We’ll host webinars, post online demos and YouTube videos, and work directly with business associations across the state to help the community make this transition to more fair and efficient sales tax administration.”

To learn more visit the NYS Tax Department Web site www.tax.ny.gov

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