๐๐๐๐ฒ๐ป๐๐ถ๐ผ๐ป ๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐ฆ๐ฒ๐ฟ๐๐ถ๐ฐ๐ฒ๐ ๐ฃ๐ฟ๐ผ๐ณ๐ฒ๐๐๐ถ๐ผ๐ป๐ฎ๐น๐ ๐ถ๐ป ๐ก๐ฒ๐ ๐ฌ๐ผ๐ฟ๐ธ ๐ฆ๐๐ฎ๐๐ฒ!
Its crucial to be aware of how sales tax applies to your services, especially when they involve a mix of taxable and non-taxable components quoted as a single, unified price. The New York Department of Taxation and Finance often requires the application of sales tax in such scenarios, particularly if the "primary function" or "dominant element" of your bundled service is considered taxable, such as certain "information services."
This is a key area of focus for the Department, and understanding the nuances is vital for compliance. Services that collect, compile, or analyze information and furnish reports (often categorized as "information services") are generally taxable in New York. When these services are bundled with otherwise non-taxable components, the entire unified charge may become subject to sales tax.
To ensure your business remains compliant, its highly recommended to review your service offerings and pricing models.
You can refer to the official New York State Department of Taxation and Finance website:
๐https://www.tax.ny.gov/pdf/memos/sales/m10_7s.pdf
Stay informed and compliant!
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