The state Department of Taxation and Finance is going paperless with the launch of a more business-friendly online sales tax system next week.
The new system will allow businesses to perform all their sales tax filing and reporting on the department’s website at www.tax.ny.gov. The fully electronic system was developed based on requests and input from thousands of business users.
“Eliminating paper saves taxpayer dollars and improves service to the business community,” said Thomas Mattox, Department of Taxation commissioner. “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 enhancements, businesses will be able to schedule payments in advance and store bank information for future returns. As part of the new system, sales tax vendors will be asked to report additional information about their sales activity and other business information.
The Department of Taxation plans to host webinars and post online demos and YouTube videos to help businesses make the transition.
(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail email@example.com.