Category Archives: Illinois

Alarming New IDES Audit Policy!

We received some news about a change to an IDES audit policy that is much stricter than it has been in the past.  The bottom line is that the Illinois Department of Employment Security is looking more at abusive independent … Continue reading

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Illinois Sales Tax for Veterinarians

As an Illinois veterinarian, you will be interested in the following as it applies to sales tax liability you may have. One of our veterinarian clients asked about whether they must collect sales tax from their customers and remit the … Continue reading

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Illinois Small Business Job Creation Tax Credit

There is still time to hire employees for your Illinois business to qualify for the Illinois Small Business Job Creation Tax Credit. By creating at least one new, full-time position that meets the eligibility requirements, you may be eligible to … Continue reading

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Illinois Tax Amnesty to Begin October 1

On Monday, August 16th, Governor Quinn approved the bill to establish a tax amnesty program for all taxpayers for taxes due for any taxable period ending after June 30, 2002 and prior to July 1, 2009.  The amnesty period will run … Continue reading

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Illinois Adds New Small Business Hiring Tax Credit

From a press release on the Illinois.gov website: CHICAGO – August 12, 2010.  Small businesses that create new jobs between July 1, 2010 and June 30, 2011 may be able to take advantage of a $2,500 tax credit for new … Continue reading

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Illinois Tax Amnesty Measure Goes to Governor

The Illinois General Assembly has passed a measure to implement an amnesty on taxes administered by the Department of Revenue and has sent the measure to Gov. Pat Quinn. The amnesty period would run from October 1, 2010, through November … Continue reading

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What are Illinois Democrats thinking?

Illinois Democrats are floundering in their attempts to fix a $13 billion dollar shortfall and the ideas being floated are simply ludicrous. One proposal is to borrow more money. After recent downgrades of the state’s debt ratings by Moody’s this proposal is becoming not only more expensive but digging ourselves deeper in a hole. Other proposals include skipping payments to the state pension plan, delaying payments to providers of state services, and raiding state funds earmarked for other purposes.

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Illinois Governor Quinn wants your ideas for a better budget

Illinois Governor Pat Quinn needs your help.  Unable to come up with enough good ideas through his staff, Governor Quinn is turning to the citizens of Illinois to come up with ideas. Have ideas? Click here to to go the … Continue reading

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Illinois Use Tax – Are You Properly Self-Assessing This Tax?

When you purchase items subject to sales tax from an Illinois vendor, the vendor normally properly charges you sales tax.  However what happens when you purchase items from out of state, and that vendor is not required to collect sales … Continue reading

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