New York State of Mind

3. Register your business for voluntary tax collection prior to June 1. Why June 1? Because there’s a grace period, or amnesty, for all businesses until June 1 of this year. If your business isn’t registered by this date, you then become eligible for an assessment back to April 15 of this year, when the bill was signed into law. If registered prior to June 1, you’ll be protected from back-tax liability up to that point as long as you’re meeting the current restrictions.