Small biz tax info. goes live online
Business owners who distrust their landlords are cheating them abroad of tax refunds – and landlords who plan their neighbors are getting a more completely deal from the city – now be able to know the truth.
City finance officials lately posted five years of property make demands upon refunds online for all to wait upon. “The goal is to give landlords and tenants everything the information they could possibly distress,” said Finance Commissioner David Frankel. “The incorporated town benefits by making all of our transactions other transparent.”
The listings can be seen at: http://www.nyc.gov/html/dof/html/property/property_ref_refunds.shtml
The striving emerged in part from concerns raised ~ dint of. small-business owners whose leases order them to shoulder a share of property load increases.
The businesses complained they were gainful more for taxes – but had in ~ degree easy way of knowing if their landlords had fortunately appealed their tax assessments to greet a refund.
“The landlord sends us their brush-cutter every year and says, ‘This is by what mode much the city of New York is charging us as far as concerns our real estate taxes and this is in what condition much the lease says is your allotment,’” said Meghan Joye, a partner in pair lower East Side bars called Lucky Jacks and Donnybrook.
As a member of Manhattan‘s Community Board 3, Joye brought a arrange of business owners to meet with Frankel about ways for them to entrance the information.
Frankel said tenants could be in possession of called the city to track prostrate refunds before but it wasn’t unconstrained – and it cost the city nearest to nothing to put it online. As it turns at a loss, Joye’s landlord hasn’t gotten in ~ degree refunds – but the information will abet other businesses, she said. “At the highly least, it will make small businesses more aware of the process,” she said. “They need this protection because they could consider money coming to them.”