Business Management

A couple of months ago, my 11-year-old son received his junior black belt. It was a grueling test, to be sure, a three-hour examination of his physical skills in mixed martial arts, together with his knowledge of a subject he’s been studying since he was 4.

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NYS Re-Sale or Exemption Certificates

by Richard Margolis, Richard Margolis Photography

I recently had an educational encounter with the NYS Department of Taxation and Finance that might benefit others.

Background:
I have a Certificate of Authority to Collect Sales Tax in New York. That means that I can collect sales tax and pass it on to New York State Dept. of Taxation and Finance and am exempt from paying sales tax on photographic supplies. Material that I buy that is used in the production of the products I sell are exempt from sales tax, because sales tax only has to be paid once.

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