Illinois
Overlooked Exemptions – Shipping, Freight, and Packaging
It is easy to ignore the sales tax consequences of shipping, freight, & packaging because such charges are often an afterthought. However, each state treats shipping, freight, and packaging differently. The result is that multistate businesses may be paying tax when they don’t need to, or alternatively may not be paying tax when they should.…
Read MoreIs Software as a Service Taxable?
The sales tax implications of Software as a Service (“SaaS”) have plagued the tech industry since the rise of remotely accessed software. To those in the industry, how software is transferred may not be the most defining or important characteristic of a program. However, it is probably going to be the very first question a…
Read MoreThe Sharing Economy and Sales Tax Nexus: A Peer-to-Peer Business Problem
Sales tax nexus is just the more recent issue plaguing peer-to-peer platforms, which have been struggling with tax issues since their inception. June 2018 added a new problem to the mix, when the Supreme Court held in South Dakota vs. Wayfair that states could require businesses to collect and remit sales tax when certain economic…
Read MoreHow do you get a Sales Tax ID Number?
Now more than ever, businesses are finding that they need to obtain sales tax ID numbers in the states in which they are doing business. But how, exactly, do businesses go about getting a sales tax ID? Since the Supreme Court of the United States held in South Dakota vs. Wayfair that states could require businesses…
Read MoreHow to Register your Online Business for Sales Tax
You need to register to pay sales tax with multiple states, but how do you get started? Like many online retailers, you may have discovered the sales tax laws you were familiar with were turned on their head in June 2018 when the landmark decision, South Dakota vs. Wayfair, came down from the Supreme Court…
Read MoreWhen to Register for a Sales Tax Permit
Businesses that know they need to register for sales and use tax may be dragging their feet in deciding when to go through with it. Between June 2018 and April 2019, many businesses have gone from being registered only in the states they are physically located in to needing to register in many states across…
Read MoreI have nexus. What next?
Once business owners realize they have sales tax nexus, it is important to understand the registration options that come next. You may have done your research when you first heard about the recent Supreme Court case South Dakota vs. Wayfair that changed United States sales tax law forever. First, you may have looked into what…
Read MoreIllinois Takes on Wayfair Legislation
Like so many other states, Illinois has established an economic nexus threshold following the U.S. Supreme Court’s Wayfair decision, that became effective October 1, 2018. The Supreme Court previously ruled that an out-of-state seller’s liability to collect and remit the tax to the consumer’s state depended on whether the seller had a physical presence in…
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