Revisions to the New York State tax law
beingzoe 2 months ago // Business Interests Tips, tricks, and advice

A lot of interesting and useful information crosses my desk, as does the trite and useless. In a third less defined category are the useful bits of information that don’t apply to me directly. This post is one of those. While it is unclear exactly how CoTradeCo intends to be a premier source of useful information and enlightening entertainment, I will simply continue to post items in the blog until we figure out how and what to do with these sometimes useful and sometimes random bits of modern life.

This particular announcement came by way of an email from Commission Junction.

If you conduct business in New York you should be aware that new tax law has been passed.

As you may already know, the State of New York recently enacted new legislation that addresses tax registration, collection, and other time-sensitive obligations. As with all laws, this law may or may not apply to you and your business. We are actively monitoring the law and will use reasonable efforts to protect ourselves and our publishers as we deem appropriate.

The application of the law is dependent on particular business and factual circumstances, and Commission Junction is not in a position to provide legal and tax advice regarding this law. However, we encourage you to perform the appropriate due diligence as it relates to your business.

For your convenience, we have provided a link to a memo from the New York State Department of Taxation and Finance, Office of Tax Policy Analysis, Taxpayer Guidance Division that addresses the new legislation: http://www.tax.state.ny.us/pdf/memos/sales/m08_3s.pdf

Sincerely,

Commission Junction

Now I can delete that email without fear that the correspondence was in vain. Phew!