Sales Tax Audit: New York

New york city skyline

When it comes to taxes, New York can be a complicated place to live and work. PMBA can help your business navigate the nuances of New York sales taxes and guide you through a New York sales tax audit.

Taxation in New York

New York state and local sales tax rates vary based on products and services and can add up quickly. Most personal property, for example, is subject to a city sales tax rate of 4.5%, NY State Sales and Use Tax of 4%, and the Metropolitan Commuter Transportation District surcharge of 0.375% for a total Sales and Use Tax of 8.875 percent.”

New York sales tax also relies on a threshold system, where items in certain categories under certain costs don’t apply for the same sales tax requirements as items in the same categories that are over a given cost. For example, “clothing and footwear under $110 are exempt from New York City and NY State Sales Tax. Purchases above $110 are subject to a 4.5% NYC Sales Tax and a 4% NY State Sales Tax.” This is an area for potential overpayment, but also scrutiny when it comes to New York sales tax audits.

With these nuances, ensuring accurate compliance or encountering an audit can be time-consuming and intimidating.

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    PMBA’s Expertise in New York

    At PMBA, our tax experts have decades of experience providing personalized support for businesses facing a New York sales tax audit. Our services help clients:

    • Prepare for future audits
    • Provide audit defense for existing state audits
    • Determine sales tax overpayments and file refund claims
    • Conduct internal audits for due diligence

    Work with a Trusted Audit Defense Partner

    The New York sales tax experts at PMBA will work with you on a customized audit strategy to mitigate liabilities, lower penalties, and prevent future errors. Learn more about our audit support services during a complimentary 30-minute consultation.

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