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Online Marketplace Seller Voluntary Disclosure Initiative

by Mary Doherty | Aug 17, 2017 | News, Tax Planning

The Multistate Tax Commission (MTC) has announced a limited-time voluntary disclosure initiative for both sales and use and income/franchise taxes for unregistered online marketplace sellers that have established nexus and historical exposure as a result of storing...

Cook Co. Sweetened Beverage Tax Effective Aug. 2

by Mary Doherty | Aug 1, 2017 | Business Planning, Tax Planning

As the lawsuit against Cook County has been dismissed, the Cook County Sweetened Beverage Tax must be collected from consumers beginning August 2, 2017. Furthermore, all Cook County retailers of Sweetened Beverages will be required to identify and calculate a “Floor...

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