Dear Clients & Friends, Rising inflation is a burden on us all, but the good news is that the state of Illinois is helping ease the burden by suspending the 1 percent sales and use tax imposed on groceries for one year, as of July 1, 2022, and instituting a ten-day sales tax holiday in […]
Sales Tax
by Robin Mandell, CPA Many states are becoming aggressive in taxing corporations based on the privilege of conducting business or deriving income within a state. Florida has just ruled on a case subjecting a corporation to income tax even though it has no physical presence in Florida. A corporate taxpayer had nexus with Florida and […]