TaxConnex

AUGUST 17, 2021

Looking at each of the two transactions individually helps to make the answer clear: Let’s look at a distributor in Arkansas who sells to a retailer in South Carolina (at that retailer’s request) and drop ships the product to the retailer’s customer in Illinois. Not all states are alike. Not all states are alike.

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South Carolina Utah Sales Illinois 246

CPA Practice

APRIL 3, 2023

The Illinois CPA Society (ICPAS)—one of the largest state CPA societies in the nation—is proud to formally announce its new board of directors for the April 1, 2023, to March 31, 2024, fiscal year. CPA, teaching professor and associate head in the University of Illinois Urbana-Champaign’s Gies College of Business; and Leilani N.

Illinois 110

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CPA Practice

JUNE 12, 2023

The Illinois CPA Society (ICPAS)—one of the largest state associations in the nation serving the certified public accountant (CPA) community—has presented Daniel F. In addition, he served multiple terms on the ICPAS Board of Directors, of which he is a former chairperson, and the CPA Endowment Fund of Illinois Board of Directors.

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Illinois CPA Florida income tax 105

CPA Practice

SEPTEMBER 27, 2023

Hundreds of certified public accountants across Illinois participated in the Illinois CPA Society’s 14th annual CPA Day of Service on Sept. We thank our members and their friends, families, and colleagues for coming together across Illinois to serve their communities.”

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Illinois cpas CPA public accounting 114

TaxConnex

AUGUST 8, 2024

In five major farming states, for instance, these annual thresholds are now $100,000 in sales in Iowa or South Dakota; and, in Illinois, Nebraska and Minnesota, $100,000 in sales or 200 transactions. From this you may assume that all equipment used on the farm qualifies, but again it does not.

Agriculture 264

Agriculture Sales Tax South Dakota 264

Accounting Today

JULY 5, 2023

The Illinois CPA Society presented wealth strategist Daniel Rahill III with its 2023 Lifetime Achievement Award.

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Illinois CPA Account accounted 105

TaxConnex

MAY 26, 2022

As an example, a distributor/wholesaler in Arkansas sells to a retailer in South Carolina and drop ships to the retailer’s customer in Illinois. The Arkansas distributor/wholesaler has nexus in Illinois and is registered for sales and use tax purposes in Illinois.

South Dakota 244

South Dakota South Carolina Sales Illinois 244

TaxConnex

JULY 29, 2021

One such location is Chicago, Illinois. If all of these specific taxes aren’t enough Chicago has been enforcing their own economic nexus threshold (separate from the economic nexus threshold of Illinois). Sales tax is complex for any business selling into multiple states.

Sales 246

Sales Tax Illinois audit 246

TaxConnex

APRIL 30, 2024

Minnesota is the only other state with official plans to roll out an RDF, but Illinois and New York are also discussing them. Q: What’s happening in Illinois and New York? Illinois is calling theirs a “tax,” and it would be 0.5% Are other states thinking RDFs are a good idea? of the retail selling price.

Minnesota 264

Minnesota Retail Colorado Tax 264

CPA Practice

MAY 30, 2023

The Illinois CPA Society (ICPAS) has selected Kiara R. She received both her bachelor’s and master’s degrees from the University of Illinois at Urbana-Champaign’s Gies College of Business. Schuh, CPA, as the recipient of its 2023 Young Professionals Leadership Award.

Illinois 111

Illinois CPA cpas public accounting 111

Accounting Today

FEBRUARY 2, 2024

The Illinois CPA Society and its CPA Endowment Fund have begun accepting scholarship applications for the 2024-2025 academic year.

Illinois 81

Illinois cpas accountant Account 81

Accounting Today

JANUARY 10, 2024

The Illinois CPA Society and its affiliated CPA Endowment Fund of Illinois recognized the 12th and largest group of young people to date to complete its Mary T. Washington Wylie Internship Preparation Program.

Illinois 80

Illinois CPA Washington Education 80

CPA Practice

APRIL 21, 2023

The Illinois CPA Society (ICPAS)—one of the largest state CPA societies in the nation—has announced the honorees of its annual Outstanding Leadership Awards program, which celebrates distinguished leaders within the CPA community through a variety of prestigious awards. Jurgens, CPA | Assistant Professor, Harold Washington College Madeline K.

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TaxConnex

JUNE 17, 2021

Other states doing well with tax on marijuana include Oregon, Nevada, Massachusetts, Illinois, and Michigan. Illinois: Illinois is one of the most complex states with tax rates based primarily on the concentration of THC. State and local sales tax applies in Illinois as well. Ever-changing scene nationwide.

Legal 225

Legal Illinois Nevada Oregon 225

CPA Practice

MAY 15, 2023

The Illinois CPA Society (ICPAS), in partnership with the ICPAS Women’s Committee, presented the recipients of the prestigious 2023 Women to Watch Awards at the ICPAS Women’s Leadership Forum last Friday, May 12, 2023, in Chicago, where they received their awards and participated in a panel discussion on advancing women in the accounting profession.

Illinois 111

Illinois CPA accounting and finance tax consultant 111

TaxConnex

JANUARY 28, 2021

The Illinois Department of Revenue issued a general information letter discussing the sales and use taxability of web-based service. Alaska still has no state-wide sales tax, but the state’s local jurisdictions have formed the Alaska Remote Seller Sales Tax Commission for a streamlined administration of sales tax collection and remittance.

Sales 233

Sales Alaska Tax Illinois 233

CPA Practice

DECEMBER 18, 2023

To better understand what drives the profession’s perpetually high turnover, the Illinois CPA Society (ICPAS)—one of the largest state societies serving the certified public accountant (CPA) community—has gathered new survey data that sheds light on this trending topic.

Illinois 119

Illinois CPA accountant Account 119

Going Concern

JANUARY 4, 2023

One state that has been fully aware of the 150 hour rule’s unintended scaring away of quality candidates is Illinois. As of this past Sunday, you can sit for the CPA exam in the state of Illinois with 120 units (you still need 150 to sit, cue The Price Is Right losing horn sound here).

Illinois 95

Illinois CPA cpas public accounting 95

CPA Practice

APRIL 7, 2023

The president and CEO of the Illinois CPA Society (ICPAS) has been honored with the 2023 National Association of Personal Financial Advisors (NAPFA) Special Achievement Award. Brown, currently a Chicago resident, is a native of Fort Washington, Md.

Illinois 97

Illinois CPA Maryland Washington 97

CPA Practice

AUGUST 22, 2023

The Illinois CPA Society (ICPAS)—one of the largest state associations serving the certified public accountant (CPA) community—is proud to share that its latest Insight Special Feature, “ A CPA Diversity Report: Uncovering the Barriers to Success ,” has been recognized with three distinguished publications competition awards this summer.

Illinois 97

Illinois CPA Non-Profits B2B 97

Patriot Software

OCTOBER 23, 2023

Are you an Illinois employer? In March 2023, Illinois Governor JB Pritzker signed SB208 into law, requiring Illinois paid leave. Do you provide paid time off (PTO) to your employees? Beginning in 2024, providing paid time off is no longer a choice—it’s a state mandate.

Illinois 83

Illinois payroll 83

Going Concern

AUGUST 16, 2022

In Illinois, they’re taking a unique step to mitigate at least one of those factors: bumping the requirement to sit for the exam down to 120 units. The post Illinois Will Soon Let You Sit for the CPA Exam With 120 Units, Should All States? Effective January 1, 2023, you only need 120 to sit. appeared first on Going Concern.

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TaxConnex

SEPTEMBER 5, 2024

Clearly, rules vary state to state and recently have only gotten more complex (even more so in home rule states like Colorado, Alabama, Illinois and Louisana) though in many states stating shipping separately on the invoice excludes shipping from sales tax. By state Alabama: Shipping exempt if separately stated on the invoice.

Sales 264

Sales Tax Rhode Island Kansas 264

Accounting Today

OCTOBER 3, 2024

Those affected by the storm now have until Feb. 3 to file and pay their taxes.

Illinois 118

Illinois Tax 118

TaxConnex

NOVEMBER 14, 2024

Let’s say a retailer based in South Carolina sells a baseball hat through its website to a customer in Illinois. The South Carolina retailer purchases the baseball cap from a distributor located in Arkansas and instructs the distributor to ship the baseball cap directly to the customer in Illinois.

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South Carolina Sales Illinois Arkansas 162

TaxConnex

JULY 12, 2022

Illinois requires retailers to notify customers of the suspension of the state 1% rate of sales and use tax on retail sales of groceries, effective July 1 through June 30, 2023. Taxable purchases and leases of equipment must be at least $15 million for any calendar year, with additional conditions effective Jan. Indiana modified?

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Sales Tax Oklahoma Illinois 246

TaxConnex

MAY 6, 2021

Other updates include: Illinois has revised its FAQs for marketplace facilitators, marketplace sellers and out-of-state retailers. Observers say the Maryland refinements are expected to become law without the governor’s signature.

Sales 246

Sales North Carolina Tax Maryland 246

TaxConnex

MAY 17, 2022

In Illinois, for instance, the Leveling the Playing Field for Illinois Retail Act kicked in on Jan. Could it be the Golden State has a level of sales tax complexity that other states are now trying to emulate? Changes afoot? Many sourcing changes have cropped up in recent months.

New Mexico 246

New Mexico Texas Illinois Colorado 246

Anders CPA

OCTOBER 19, 2022

Anders is expanding our partnership with Fifth Avenue Healthcare Services (Fifth Avenue) to offer a streamlined, outsourced credentialing and provider enrollment process for physician practices and health systems in Missouri and Illinois.

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Missouri Illinois Hospitality Healthcare 98

TaxConnex

MARCH 10, 2022

Illinois began requiring remote sellers with economic nexus?and and marketplace facilitators to start collecting the Illinois State and Local retailer’s occupation tax. . $100,000 in sales or 200 or more separate transactions tend to be the standard for many states – but thresholds did (and continue to) vary widely.

South Dakota 262

South Dakota Sales Tax Maryland 262

TaxConnex

SEPTEMBER 10, 2024

Home rule , a widespread kind of local sales taxation can also confuse online sellers: States like Illinois, Alabama, Colorado and Louisiana grant local governments authority to pass their own, additional tax laws.

Rhode Island 264

Rhode Island Sales Alaska Louisiana 264

TaxConnex

JANUARY 30, 2024

Beginning in 2021 in Illinois, a remote retailer’s inventory at the in-state location of a marketplace facilitator no longer created physical nexus when the inventory was used exclusively to fulfill orders made over a marketplace. The problem: Stored inventory can trigger physical nexus for a retailer. States may, however, be easing off.

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Iowa Pennsylvania Illinois Sales 264

TaxConnex

AUGUST 15, 2024

Foodies With sales taxes or fees coming and going on groceries in places like Kansas and South Dakota, incurred solely because of sugar or flour in Illinois and Indiana or levied on blueberries in Maine depending on where they’re picked, it’s little surprise that food can come with weird sales taxes state to state. unprepared) bagel.

Sales 264

Sales South Dakota Tax South Carolina 264

TaxConnex

AUGUST 22, 2024

In Illinois, effective next Jan. The amendment comes as PetMeds , an online retailer of pet supplies and medication, has argued to the Illinois Independent Tax Tribunal that the Illinois Leveling the Playing Field legislation burdens remote retailers and discriminates against interstate commerce.

Sales 147

Sales Tennessee Illinois Tax 147

TaxConnex

NOVEMBER 11, 2021

Illinois has issued several new informational bulletins and compliance alerts regarding the marketplace facilitator law that went into effect on Jan. 27 marketplace facilitators no longer include any person licensed by the Department of Financial and Professional Regulation under the Illinois Auction License Act.

Sales 49

Sales E-commerce Tax Illinois 49

TaxConnex

NOVEMBER 2, 2021

Special, more detailed conditions for sales tax on these products apply in California, Illinois, Massachusetts and Utah. The products are tax-exempt (more or less) in the District of Columbia, Florida, Maryland, Michigan, New Jersey, New York, Texas, Vermont, West Virginia and Wyoming. Sales tax isn’t getting any easier.

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Sales West Virginia Tax Vermont 246

TaxConnex

JULY 15, 2021

Illinois lawmakers have passed S.B. The Illinois Department of Revenue has updated its FAQs for marketplace facilitators, marketplace sellers and remote sellers, revised its “Leveling the Playing Field Retailer Flowchart” and published the “What’s New in 2021 for Remote Retailers and Marketplace Facilitators PowerPoint Presentation.”.

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Sales Tax Louisiana North Carolina 219