SALT & Pepper
Tax Amnesties Popping up...and should be taken seriously!
May 03, 2018
Authored by: Jordan Goodman
In:
State & Local Tax (SALT)Alabama, Connecticut and Texas are offering tax amnesty programs that have some huge benefits.
Read MoreChicago Personal Property Lease Transaction Tax
May 01, 2018
Authored by: Samantha Breslow
In:
State & Local Tax (SALT)Although businesses entering a new jurisdiction are often primed to handle local sales and use taxes, even sophisticated taxpayers can be unprepared for the myriad of unfamiliar local taxes waiting to greet them when beginning to transact business in Chicago.
Read MoreIllinois Corporate Income Tax Basics- Base Income
April 24, 2018
Authored by: Christopher Lutz
In:
State & Local Tax (SALT)Now that we have provided a primer on procedural issues at Illinois, Chicago, and Cook County, it's time to jump into the fun stuff! Illinois has a relatively high corporate income tax rate compared to most states. While calculating Illinois base income is generally straightforward, certain aspects are rather complex, particularly with respect to foreign income and dividend income from certain types of investment companies.
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