Illinois CPA Society names 2022 Women to Watch
Accounting Today
MAY 19, 2022
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Illinois SMBs Face Tighter COVID-19 Restrictions
PYMNTS
OCTOBER 25, 2020
Economy Coronavirus economy Illinois News SMBs What's Hot
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Illinois CPA Society Honors 2022 Women to Watch Award Winners
CPA Practice
MAY 17, 2022
The Illinois CPA Society (ICPAS), in partnership with the ICPAS Women’s Committee and the AICPA Women’s Initiatives Executive Committee, presented the winners of the prestigious 2022 Women to Watch Awards at the ICPAS Women’s Leadership Forum, held.
Illinois Passes Marijuana Legalization Bill
PYMNTS
JUNE 26, 2019
The governor of Illinois signed a marijuana legalization bill on Tuesday (June 25), making it the 11th state to legalize pot. In addition, Illinois has become the first state to legalize the selling of the drug. Illinois’ 55 medical- cannabis dispensaries will be the first to apply for licenses because they’re proven businesses, Cassidy said. Regulation Cannabis Illinois Legislation marijuana dispensary Marijuana Legalization News state law What's Hot
Illinois Regulator First In US To Join R3 Blockchain Consortium
PYMNTS
MARCH 17, 2017
One of the recent groups to add their name to the list is the Illinois Department of Financial and Professional Regulation. In its involvement, the Illinois regulator will be responsible for working with 80 financial institutions of R3’s membership to build out secure and scalable blockchain-based applications. Among its R3 counterparts, Illinois will be joining the Bank of Canada and the Securities & Futures Commission of Hong Kong.
Bitcoin Daily: Deribit Crypto Exchange Flees Netherlands’ Tight Regulation; Illinois Now Recognizes Blockchain Contracts As Legally Binding
PYMNTS
JANUARY 10, 2020
On another note, Illinois has become the most recent state to recognize blockchain-based records, including smart contracts, as legal, according to CoinDesk. Illinois’s Blockchain Technology Act went into effect on Jan.
Wells Fargo Shut Out Of Illinois Bond Business; Chicago May Follow Suit
PYMNTS
OCTOBER 5, 2016
The Wells Fargo fake account scandal has resulted in more fallout for the beleaguered bank — this time, with Illinois announcing a ban on bond and investment work with Wells Fargo. According to a report , Illinois Governor Bruce Rauner’s administration said it won’t include Wells Fargo until further notice. Banking Chicago fake account scandal Illinois News wells fargo What's Hot
Blockchain Tracker: 88 Bales Of Cotton, Illinois State Gov. And Adoption
PYMNTS
OCTOBER 26, 2016
At the state level, Illinois’ government has shown interest in delving into incorporating blockchain into how it does business. The state of Illinois is taking an important step forward by directly recognizing the many ways in which blockchain and distributed ledger technologies can improve the workings of a variety of state- and county-level governmental functions,” said Lewis Cohen at Hogan Lovells. “By
Lumin Digital To Power Banking, Bill Pay For University Of Illinois Credit Union
PYMNTS
DECEMBER 3, 2019
Lumin Digital has signed a multi-year contract with the University of Illinois Community Credit Union (UICCU) that will have Lumin’s cloud-based platform serve as the credit union’s digital banking solution for retail banking and bill payment.
KSM to Sponsor Illinois MGMA and Indiana MGMA Joint Conference
Katz,Sapper&Miller
APRIL 28, 2016
Katz, Sapper & Miller is sponsoring the Medical Group Management Association (MGMA) 2016 Joint Annual Conference and 30th Anniversary Celebration – a collaboration between the Indiana and Illinois chapters of MGMA
Illinois Adds Facial Recognition To Driver’s ID Applications
PYMNTS
MAY 19, 2016
Among the proposed methods, facial recognition has long been a pie-in-the-sky solution, but Illinois is the latest state to show that there’s a future in the tech. The Chicago Tribune is reporting that Illinois is set to add facial recognition services to its driver’s license application process. Previously, Illinois handed new or replacement driver’s licenses to applicants immediately after all proper paperwork was processed in physical branch locations.
Malik and Hogan to Discuss Recent Accounting and Tax Changes at Illinois Trucking Association Annual Meeting & Expo
Katz,Sapper&Miller
AUGUST 30, 2018
Zee Malik and Troy Hogan, directors in Katz, Sapper & Miller’s Transportation Services Group, will present at the 2018 Illinois Trucking Association Annual Meeting & Expo. Taking place Sept. 18-20, 2018 in Normal, IL, the conference will bring together trucking leaders to address top issues facing the transportation industry
Chicago “Joint Readiness Summit” This Fri 2/4 – Small Biz Funding Opportunities
Nancy McClelland, LLC
JANUARY 31, 2022
Join the City of Chicago, Cook County, and State of Illinois leaders as well as other experts to learn about what it takes to be “ready” to apply for grants and contracts funded by American Rescue Plan Act (ARPA) and other economic recovery funding streams.
Amazon Opening Package Pickup Spot At Chicago’s University Of Illinois
PYMNTS
AUGUST 16, 2016
15) that it has entered into an agreement with the University of Illinois at Chicago to open a package pickup location inside the student center on the UIC campus, Amazon said in a press release. Amazon announced on Monday (Aug. The center, called Amazon@UIC, will be a staffed package pickup location where students, faculty and staff can pick up and return Amazon orders. The 2,300-square-foot Amazon@UIC is expected to open later this year. “We
How to Apply for a Chicago Sidewalk Cafe Permit – FREE Webinar 3/3/22
Nancy McClelland, LLC
FEBRUARY 28, 2022
Education Illinois Tips BACP business education chicago City of Chicago free sidewalk small business small business owner small businesses webinarThursday, 3/3 at 10:00 AM. How to Apply for a Sidewalk Cafe Permit.
How To Download An IRS Account Transcript – UPDATED 2/6/2022
Nancy McClelland, LLC
FEBRUARY 6, 2022
To get a list of the estimated tax payments you’ve made to the state of Illinois, go to [link] and enter your SSN, Name, and the year (in this case 2021).
Google, Amazon Tech Help States Handle Jobless Claim Boom
PYMNTS
MAY 12, 2020
Google and Amazon Web Services are assisting Rhode Island, Kansas, Illinois and New York in processing the unprecedented number of unemployment claims prompted by the coronavirus crisis, The Wall Street Journal (WSJ) reported.
The Enigma of Drop Shipments for Sales Tax Purposes
TaxConnex
AUGUST 17, 2021
Looking at each of the two transactions individually helps to make the answer clear: Let’s look at a distributor in Arkansas who sells to a retailer in South Carolina (at that retailer’s request) and drop ships the product to the retailer’s customer in Illinois.
Data Breaches Impact Unemployment Benefit Applicants In Four States
PYMNTS
MAY 22, 2020
Arkansas, Colorado, Illinois and Ohio have warned tens of thousands of residents who have applied online for unemployment benefits due to COVID-19 of possible data breaches that could have exposed names, addresses and Social Security numbers.
Amazon (And Others) Brace For India’s New eCommerce Tax
PYMNTS
FEBRUARY 10, 2020
Separately, Facebook has reportedly settled a lawsuit for violating laws in the state of Illinois tied to facial recognition technology, agreeing to pay a fine of $550 million. The jousting over eCommerce taxes — especially for U.S.
Six Flags Biometrics Ruling Could Affect Facebook, Google
PYMNTS
JANUARY 25, 2019
The Supreme Court in Illinois ruled on Friday (Jan. 25) that a teen can sue Six Flags amusement park over violation of an Illinois privacy law, in a case that could have repercussions for tech giants like Google and Facebook. The lawsuit can proceed under the Illinois Biometric Information Privacy Act, the court said, which requires that companies collecting biometric information like iris and facial scans or fingerprint data get prior consent from individuals.
As Biometrics Advances, Laws And Regulations Try To Catch Up
PYMNTS
MARCH 25, 2019
But the laws and regulations governing biometrics have yet to catch up to the reality of their use, and that’s perhaps most apparent when it comes to two recent, high-profile cases in Illinois. The Illinois Biometric Information Privacy Act , commonly known as BIPA, not only stands as the strictest biometric privacy law in the U.S., The Supreme Court in Illinois ruled on Jan. Legal biometrics Editors' Picks Illinois laws Lawsuits News privacy regulations Security
Multi-channel selling sales tax: Wholesalers and Drop Shipping
TaxConnex
MAY 26, 2022
As an example, a distributor/wholesaler in Arkansas sells to a retailer in South Carolina and drop ships to the retailer’s customer in Illinois. The Arkansas distributor/wholesaler has nexus in Illinois and is registered for sales and use tax purposes in Illinois.
Auto-Tracking Road Warrior Employees As The Wheels Go ‘Round
PYMNTS
OCTOBER 29, 2018
In Illinois, and a handful of other states, changes in how employees are reimbursed for business-related expenses herald changes on a broader scale, and in how firms use technology to make sure that expenses are being recorded accurately. In the case of Illinois, an amendment to the state Wage Payment and Collection Act means employers must reimburse for “all necessary expenditures” incurred in the course of normal duties, and need not require the submission of receipts.
Sales Tax Complexity Snapshot: Chicago
TaxConnex
JULY 29, 2021
One such location is Chicago, Illinois. If all of these specific taxes aren’t enough Chicago has been enforcing their own economic nexus threshold (separate from the economic nexus threshold of Illinois). Sales tax is complex for any business selling into multiple states.
Facebook Expands Facial Recognition To All Users
PYMNTS
SEPTEMBER 3, 2019
It’s been in the middle of a privacy dispute that resulted in a 2015 lawsuit filed by users in Illinois. Facebook Biometric Information Privacy Act facial recognition Illinois Lawsuit News privacy Tag Suggestions What's HotFacebook has announced it’s going to stop using its controversial Tag Suggestions feature, and facial recognition technology is going to be available to all of its users, Reuters reported Tuesday (Sept.
How Credit Unions Face — And Embrace — Digital Disruption
PYMNTS
APRIL 22, 2019
That would seem to apply to credit unions (CUs), and to Consumers Credit Union of Illinois specifically, one of the largest CUs around, which has been in business since 1930 (before the Great Depression reached its worst depths). In the case of Consumers Credit Union of Illinois, a rewards checking product has proven popular, and has reduced customer attrition. “You can’t teach an old dog new tricks” — so goes the dim, cynical saying.
Facebook Facing $35B Fine Over Facial Recognition Lawsuit
PYMNTS
OCTOBER 18, 2019
A class action lawsuit against Facebook , alleging that people in Illinois didn’t consent to have their photos used with the company’s facial recognition technology , will move forward despite Facebook’s efforts to halt it. Facebook biometrics class action lawsuit data facial recognition Illinois News What's Hot
Facebook Axes Controversial Tag Suggestions, Adds Facial Recognition For All
PYMNTS
SEPTEMBER 3, 2019
It’s been in the middle of a privacy dispute that resulted in a 2015 lawsuit filed by users in Illinois. Facebook Biometric Information Privacy Act facial recognition Illinois Lawsuit News privacy Tag Suggestions What's HotFacebook has announced it’s going to stop using its controversial Tag Suggestions feature, and facial recognition technology is going to be available to all of its users, Reuters reported Tuesday (Sept.
Uber Of X: Rent-A-Ref, Sports Officials For Any Game Or Tournament
PYMNTS
NOVEMBER 23, 2016
Based out of Riverside, California, the website (and soon-to-be mobile platform) has been working with leagues all over the state, as well as in Colorado, New York, New Jersey, Massachusetts, Illinois, Wisconsin and Texas. uber of x California Colorado Illinois Massachusetts new jersey New York referee referees rent-a-ref Texas Uber of X What's Hot WisconsinPerhaps the most overlooked person in any sport is the most important one: the referee.
Nonprofit Spotlight: How CEC is Challenging the Educational Status Quo
GrowthForceBlog
JANUARY 25, 2022
After they supported Peoria High School in Illinois, they saw a 27% increase in students meeting and exceeding standards on the NWEA reading test and a 29% increase in math scores! 3 min read.
Legalization and Taxation of Cannabis
TaxConnex
JUNE 17, 2021
Other states doing well with tax on marijuana include Oregon, Nevada, Massachusetts, Illinois, and Michigan. Illinois: Illinois is one of the most complex states with tax rates based primarily on the concentration of THC. State and local sales tax applies in Illinois as well.
Trends: Are sourcing rules changing (and making anything easier)?
TaxConnex
MAY 17, 2022
In Illinois, for instance, the Leveling the Playing Field for Illinois Retail Act kicked in on Jan. “Sourcing” or as we often call it, situsing, is key when you determine sales tax obligations: It refers to the location where a sale is taxed.
What's New in Sales and Use Tax?
TaxConnex
AUGUST 3, 2021
The Illinois Department of Revenue has released an earlier letter ruling discussing the applicability of sales and compensating use taxes to various services a taxpayer offers to clients who have physical locations in Illinois.
Do you really understand economic nexus for sales tax?
TaxConnex
MARCH 10, 2022
Illinois began requiring remote sellers with economic nexus?and and marketplace facilitators to start collecting the Illinois State and Local retailer’s occupation tax. Businesses have heard a lot about economic nexus over the past few years.
Sales Tax and Vitamins/Dietary Supplements
TaxConnex
NOVEMBER 2, 2021
Special, more detailed conditions for sales tax on these products apply in California, Illinois, Massachusetts and Utah. You won’t find too many more confusing sales tax scenarios than the one involving dietary supplements.
State Sales and Use Tax Update
TaxConnex
JANUARY 28, 2021
The Illinois Department of Revenue issued a general information letter discussing the sales and use taxability of web-based service. There’s always something changing or new going on in the world of tax, especially sales tax.
2021: The Year in Review – Sales Tax
TaxConnex
DECEMBER 30, 2021
Illinois, on Jan. 1 began requiring that remote sellers with economic nexus and marketplace facilitators also had to start submitting the Illinois State and Local retailer’s occupation tax. The whole world pinballed throughout a pandemic the last two years and continues to do so.
States with local economic nexus - a review
TaxConnex
MAY 19, 2022
In Illinois , some local jurisdictions can impose their own taxes to be combined with the state sales tax rate. Given the complexity that already exists regarding sales tax, it’d be great if states were the only jurisdictions that levied them.
What's New in State Sales and Use Taxes
TaxConnex
MAY 6, 2021
Other updates include: Illinois has revised its FAQs for marketplace facilitators, marketplace sellers and out-of-state retailers. There’s always something changing in the world of tax, especially sales tax. And 2021 continues that trend.
Marketplace Facilitators Create Their Own Sales Tax Obligations
TaxConnex
AUGUST 24, 2021
If you are selling through a marketplace, the majority of states now have these laws in place, including, recently , Georgia, Florida, Hawaii, Wisconsin, Illinois, Michigan, South Carolina and North Carolina. Amazon, eBay and Etsy are more than household names.
Shrinking the Delaware Tax Loophole: Other U.S. States to Incorporate Your Business
inDinero
APRIL 20, 2021
Currently, Alabama, Arkansas, Delaware, Georgia, Illinois, Louisiana, Missouri, New York, North Carolina, and Oklahoma have a franchise tax. Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business.
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