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First Aired - 01/12/2012 04:30PM
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JoAnn "Flash" Fleming and Andrew Newman help small restaurant owners wrap their minds around sales tax and profit margins on an especially helpful episode of Flash Talks Cash. Find out why the NYS Tax Department is trying harder than ever to squeeze money out of people and what you can do to adjust accordingly. Which menu items are taxable at a food and beverage establishment? How do big restaurants differ from fast chains? Whether you're a bar owner or a restaurateur, this episode can help you make sense out of tax nightmares. This episode was sponsored by Cain Vineyard & Winery.
"Sales tax audits are WAY up. The NYS Tax Department is desperately looking for more money."
"Part of doing business is getting audited. KEEP GOOD RECORDS!"
--JoAnn "Flash" Fleming on Flash Talks Cash
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Flash Talks Cash: Financial Food Issues (16:42)
Tags:
Heritage Radio Network, Flash Talks Cash, JoAnn Flash Fleming, Andrew Newman, Cain Vineyard & Winery, Financial Food Issues, debt, economy, NYS Tax Department, sales tax, hospitality industry, profit margins, catering,Number Nuts: Obesity (15:04)
Tags:
employee profit sharing, pension, bonuses, salary, LLC vs S-Corp, revenue tax, Number Nuts, obesity,To comment on this episode click here. There are currently Comments
