Franchisors and franchisees will be heading into uncharted territory in New York state when a new law takes effect in December 2009. The new law is incorporated into the state's
NY Tax Law May Have Far-Reaching Effects
Franchisors and franchisees will be heading into uncharted territory in New York state when a new law takes effect in December 2009 requiring that every franchisor must provide the Department of Taxation and Finance with contact information and extensive sales and tax data about each franchisee that is operating in the state.
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