Dupage County Sales Tax Cuts 2016
Tax Reduction Announcement The sales tax on general merchandise purchased in DuPage County drops by a quarter cent as of June 1. Consumers will pay 7 cents in tax on every dollar spent effective Wednesday, down from 7.25 cents, in a reduction that’s estimated by county officials to put $36 million back into taxpayer pockets. […]
Indiana Sales Tax Audit
Overview for Retail Food and Beverage Vendors If you are a convenience store, restaurant, or bar owner in Indiana, then you should know how food and beverages are taxed. A local food and beverage tax rate in Indiana is typically 1% of the gross retail income received from taxable food and beverage transactions. However, when […]
Sales Tax Audit Toledo Ohio Food and Catering
Overview of Common Sales Tax Audits Our most common sales tax audit pertains to: Food and alcohol are high-volume sales that are common and bring in sales tax dollars for the state. Definition of “Food” “Food” means substances, whether in liquid, concentrated, solid, frozen, dried, or dehydrated form, that are sold for ingestion or chewing […]
Sales Tax Attorney Cincinnati
Understanding Taxable Sales in Cincinnati A taxable sale includes any transaction in which title or possession of tangible personal property or the benefit of certain services is, or will be, transferred or provided for a price. All retail sales are subject to the tax unless they are specifically excepted or exempted in Ohio’s sales tax […]
Are Services Taxable in Indiana
Taxable Items in Indiana Items that are taxable in Indiana include all tangible products. While groceries are exempt from sales tax, prepared foods are taxable. In addition, some grocery items are taxable. These items fall into three categories: General Rule for Services You are not obligated to pay sales tax in Indiana if you offer […]
Illinois Sales Tax Deduction on Home Renovations
Overview of Sales Tax Deduction Options The sales tax deduction keeps getting extended every couple of years. While most folks know they can claim their state and local income taxes as a deduction, others may not be aware that alternatively you can claim a deduction for sales tax paid if it is greater than the […]
Illinois Little Cigar Tax Audit
Definition of “Little Cigar” “Little cigar” means and includes any roll, made wholly or in part of tobacco, where such roll has an integrated cellulose acetate filter and weighs less than 4 pounds per thousand and the wrapper or cover of which is made in whole or in part of tobacco. Legal Challenge: Cigar Association […]
Illinois Sales Tax on Lease
Sales Tax Changes in Illinois Illinois law has changed so that sales tax applies to the down payment and monthly lease payments. What They Gave You Before is Now Taken Back Another new wrinkle in Illinois for 2015 is that trading in a vehicle will no longer affect the sales tax on a lease Comparison […]
Triple Net Lease Contract Review Lawyer
Understanding Contract Review With a Business-Minded Approach How do we do a better job at reviewing contracts? We understand business better than most other lawyers. Our tax background helps us in understanding tax implications ranging from: …to name a few. Why Would This Be Important? If you are: …we help you see the bigger picture. […]
Illinois Medical Marijuana Sales Tax
Medical Marijuana Tax Structure in Illinois Medical marijuana is taxed at the 1% pharmaceutical rate.In addition, a 7% privilege tax is imposed on cultivation centers and dispensaries. Revenue generated from this privilege tax is deposited in the Compassionate Use and Medical Cannabis Fund, which supports the administration and enforcement of the Act. Revenue from Early […]