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Illinois Sales TaxUncategorized

Illinois Sales Tax Bonds

Illinois Sales Tax Bonds Illinois will return to the market with $573 million of new money and refunding bonds under a higher-rated sales tax-backed credit. Fitch Ratings said the state will take competitive bids Aug. 24 on a $150 million junior obligation tax-exempt series and a $60 million junior taxable…
Ansari Law Firm
August 11, 2016
Illinois Sales TaxUncategorized

Sales Tax Accounting Chicago

Sales Tax Accounting Chicago The Department of Revenue is in essence your silent business partner. They hold a share in your business worth the sales tax rate. Their contribution to your business is the ability to do business in their state. For this reason, you are collecting sales tax on…
Ansari Law Firm
July 8, 2016
Illinois Sales TaxUncategorized

Illinois Bakery Sales Tax Audit

Illinois Bakery Sales Tax Audit The Illinois Department of Revenue has issued a letter ruling that clarifies which rate of tax should be used by a bakery that sells both food which has been prepared for immediate consumption and grocery-type items and also provides facilities for on-premises consumption. Bakery items…
Ansari Law Firm
July 5, 2016
Illinois Sales TaxUncategorized

Sales Tax Attorney Berwyn

Sales Tax Attorney Berwyn Given the variations in rates and rules that apply to product taxability, it’s important to know which jurisdictions require sales tax collection. Yet knowing where your company has nexus (the connection that triggers a sales tax collection obligation) is more difficult than it seems. Nexus can…
Ansari Law Firm
June 19, 2016
Illinois Sales TaxUncategorized

Sales Tax Attorney Des Plaines

Sales Tax Attorney Des Plaines The state of Illinois is broke and is looking for revenues, penalties, and interest. Unfortunately, many business owners have been underreporting their sales tax and in essence embezzling the government’s money. It’s a catch 22 when your business is failing because your property taxes keep…
Ansari Law Firm
June 19, 2016