by Joseph Pryor | Mar 26, 2023 | Knowledge
Sales tax in New York City (NYC) is a tax that is levied on the sale of most tangible personal property, as well as certain services. The sales tax rate in NYC varies depending on the location of the transaction and the type of product or service being sold. In NYC,...
by Joseph Pryor | Mar 26, 2023 | Knowledge
The mere mention of “sales taxes” may send shudders through an artist who would prefer to work eight hours in a studio than spend 15 minutes crunching numbers. On the other hand, if an artist is worried about “sales taxes,” it also means something quite fantastic:...
by Joseph Pryor | Apr 8, 2020 | Knowledge, Articles
States are targeting those who avoid sales and use taxes States are cracking down on art collectors who aren’t paying taxes owed on their purchases. States don’t release details about investigations into evasion of taxes on art purchases. But according to lawyers...
by Joseph Pryor | Jun 6, 2018 | Knowledge, Articles
Collectors, galleries, indeed anybody who buys, sells, and collects artwork should be aware of rules governing sales tax. Purchases in NYC are subject 8.875% tax. This includes a NY State rate of 4%. As with most items, artwork purchased in NYC for shipment to another...
