Posts tagged rates
How to Prepare for a Sales Tax Audit
How to Prepare for a Sales Tax Audit

By: Briana Wagner

Sales tax is extremely complicated and can cause a whirlwind of trouble for sellers and businesses. One mistake can cost hundreds of thousands of dollars in penalties and interest. Because of this, sales tax audits can be very stressful. However, understanding audits and taking proactive steps toward sales tax compliance can help eliminate many issues that may arise.

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Briana Wagneraudit, sales tax audit, nexus, taxability, registrations, unregistered sellers, sales tax nexus, rates, sales tax strategy
Illinois Suspends Sales Tax on Groceries
Illinois Suspends Sales Tax on Groceries

By: Briana Wagner

All retailers registered for sales tax in the state of Illinois should be aware of Public Act 102-0700, which was passed last month. According to P.A. 102-0700, Illinois is suspending sales and use tax on specific grocery items from July 1, 2022, to June 30, 2023. What does this mean for you and your business? Let’s find out.

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Briana Wagnertaxability, illinois, grocery tax, nexus, P.A. 102-0700, suspension, grocery tax suspension, rates, sales tax rate