Another business has been charged with sales tax fraud! G&A Auto Care Inc. and Guy Kennedy Nicolas are facing six felonies for failing to report over $2 million in sales and not paying over $160,000 in sales tax owed to NYS. The charges include Grand Larceny in the Second Degree, Criminal Tax Fraud in the Third Degree, and Criminal Tax Fraud in the Fourth Degree. Sales Tax Defense LLC, is the expert in sales and use tax, could have helped their situation. Our services extend past assisting businesses in determining what sales are taxable and filing sales tax returns. If they had reached out to us earlier for assistance, we would have offered the following options to avoid criminal charges and costly penalties: - Voluntary disclosure - an opportunity to correct the error and avoid all monetary and criminal penalties. - Offer In Compromise (OIC) - a second chance and incentive to pay future taxes in this tax, interest, and penalty forgiveness program. - Sales Tax Payment Plans (IPA) - if the business does not have the funds to pay for the taxes, we will work with the state to issue a payment plan and work out as favorable a schedule as possible. We are here to assist with any of your sales and use tax needs and can help you avoid serious charges and fines. #salestax #VDA #Taxfraud https://lnkd.in/eCRARAWi
Mark L Stone, CPA, MST’s Post
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At Sales Tax Defense LLC, we are often asked for our most important piece of advice. Our answer: if filing for one type of tax, then you should be filing for ALL types, especially sales and use tax. Read our article below, as we define statute of limitations, and how you can stop that clock! #statuteoflimitations #bestadvice #salestax
Discover the Benefits of the Statute of Limitations
Mark L Stone, CPA, MST on LinkedIn
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We are thrilled to receive such heartwarming letters from our clients! Their appreciation is truly the highlight of our day. With over 15 years of experience in assisting clients with sales tax matters, success is not a matter of luck, but of dedication and expertise. If you or your clients are encountering challenges with sales and use tax, don't hesitate to contact Sales Tax Defense LLC. #salestax #customerrelations #accounting Jennifer Koo
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You may be able to get away with it for a little while, but eventually the state department catches on. In Suffolk County, NY, two businesses faced the consequences of sales tax fraud. The first, an East Islip Auto Body shop, failed to report about $2.8 million in taxable sales. The second, a Farmingdale-based furniture store, neglected to report around $9 million in taxable sales. Businesses must ensure compliance with sales tax regulations to avoid repercussions. If you suspect errors in your sales tax collection or know a client in a similar situation, consider reaching out to Sales Tax Defense LLC. Sales tax rules can be complex, leading many businesses to unintentionally violate regulations. Our team can provide guidance on your obligations and discuss solutions such as Voluntary Disclosure Agreements, Offer-in-Compromise, payment plans, or penalty abatements. Contact us for assistance with your sales and use tax inquiries. #salestax #taxfraud #money https://lnkd.in/eW_v7A6v
Suffolk DA Tierney: Suffolk County Business Owners Sentenced for Sales Tax Fraud Totaling Over $1 Million
longisland.com
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Tax Warrant...it is definitely not good news. Read our article below for our thoughts on how to handle a sales tax warrant effectively. #taxwarrant #salestax #taxwarranthelp
How to Handle a Sales Tax Warrant Effectively
Mark L Stone, CPA, MST on LinkedIn
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While Pennsylvania lawmakers propose eliminating sales tax fees on credit card transactions, the debate arises on how swiftly other states might follow suit. Retailers support the move, but banks and card processors stand opposed. A key concern is the potential logistical challenges for merchants in separating sales tax from credit card fees due to outdated POS hardware. Should this proposal extend beyond Pennsylvania, Sales Tax Defense LLC stands ready to assist. With expertise in sales tax matters, we offer guidance to ensure compliance with tax obligations, preventing costly penalties. #salestax #pennsylvania #creditcardprocessing https://lnkd.in/eNaVBExC
Central PA Local News, Breaking News, Sports & Weather
pennlive.com
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Make sure to check out Sales Tax Defense LLC's June blog! Some states offer sales tax holidays during the summer and autumn to assist families with back-to-school expenses. Interestingly, there is one state, famously mentioned in a Frank Sinatra song, that does not provide any sales tax holiday. In the blog, we also highlight our recent achievement in securing sales tax refunds for a client across three states, totaling over $500,000! For all your sales and use tax requirements, don't hesitate to contact Sales Tax Defense LLC. Reach out to discover how we could potentially assist you in obtaining a sales tax refund. #salestaxholiday #taxconsultancy #refund Visit the link below for more details: https://lnkd.in/eEEjVdqg
Sales Tax Exemption Holidays
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At Sales Tax Defense LLC, we believe in giving our all in everything we do. Today, we literally gave our blood. We had the opportunity to give back in a meaningful way by participating in a social networking/blood drive organized by Interchange Business Organization. Donating blood is a crucial act that saves countless lives, and I am grateful to have contributed to this very worthwhile cause. #GiveBack #BloodDrive #CommunityService
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Many business owners dream of the opportunity to buy or sell a business. However, what most are unaware of is the impact of sales tax and bulk sale filings on that sale. The Tax Department places an "unfiled lien" on all assets until the business is clear of prior sales and use tax obligations. For more insights, check out the article by Jennifer Koo, Esq., on NYSSCPA - The New York State Society of CPAs Tax Stringer (February 2023). If you have questions or need advice, Sales Tax Defense LLC is here to help you! #salestax #bulksalefiling #accounting https://lnkd.in/eD35NWRj
What You Need to Know About Sales Tax and Bulk Sale Filing When Buying a Business
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We are thrilled to announce that we were invited by McGowanPRO to lead a seminar on Tuesday, June 25th at 1pm (EST) focusing on Sales Tax Refunds - Free Money. Gain essential insights into how businesses can secure refunds and receive 1 credit of NASBA-approved CPE! #salestax #Refunds #CPE To reserve your spot, click the link below:
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At Sales Tax Defense LLC, we leverage various tools to deliver optimal results for our clients. One tool that often sparks curiosity is the Voluntary Disclosure program. By proactively addressing sales tax issues, state departments tend to show leniency, with some states even allowing agreements to be reached anonymously. In a previous newsletter, we highlighted the advantages of the Voluntary Disclosure agreement. We shared a success story where our expertise led to a favorable outcome through negotiations and even facilitated a refund for a client. If you're dealing with sales and use tax concerns, don't hesitate to reach out to Sales Tax Defense LLC. Specializing solely in sales and use tax matters, we ensure top-notch results for your clients, giving you the freedom to concentrate on other aspects of your business. Let us handle your sales tax challenges effectively. #salestax #voluntarydisclosure #results https://lnkd.in/gbeQKqjp
Sales Tax and Voluntary Disclosure Program
https://salestaxdefense.com
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