A number of states will begin enforcing their new sales tax filing requirements for remote sellers in the coming weeks. Since the U.S. Supreme Court's decision in South Dakota v. Wayfair Inc. in June of last year, that eliminated Quill's physical presence standard for sales tax nexus, just about … [Read more...] about More States to Enforce Remote Seller Filing Requirements Starting This Fall
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Illinois Amnesty Available
The Illinois Department of Revenue is offering an amnesty program between October 1, 2019 and November 15, 2019. If eligible tax liabilities are paid in full during this period, applicable interest and penalties will be waived. Eligible liabilities are taxes due from periods ending after June 30, … [Read more...] about Illinois Amnesty Available
Supreme Court Overturns Quill
On June 21, 2018, the U.S. Supreme Court issued a pivotal decision in South Dakota v. Wayfair, Inc., overturning the physical presence standard previously established in Quill Corp. v. North Dakota (1992). This requirement prevented state and local taxing authorities from imposing sales tax … [Read more...] about Supreme Court Overturns Quill
Tax Credits & Incentives
The federal government, as well as states, use tax credits, deductions and incentives to encourage investment, boost employment and stimulate innovation. No matter if your company is new, growing or well established there are a variety of tax credits and incentives available that you may be eligible … [Read more...] about Tax Credits & Incentives
Saving Energy and Taxes on Utilities
Whether your business uses electricity, natural gas or other energy sources, one thing is certain: the cost of these commodities is a considerable part of your operating expenses. Today, most businesses are striving to be more energy-efficient and are considering “green” energy initiatives in … [Read more...] about Saving Energy and Taxes on Utilities
Sales Tax Refund Opportunities
Paying the correct amount of sales and use tax is a critical issue for many businesses. Companies do not want to create potential liabilities by not collecting tax on sales; but at the same time, these businesses should also be concerned that they are not overpaying or remitting too much sales and … [Read more...] about Sales Tax Refund Opportunities