by Mollie Germon | Jul 31, 2026 | Accounting, Tax Planning
California and Colorado have enacted major sales tax changes that will subject Software-as-a-Service (SaaS) and other remotely accessed prewritten software to sales and use tax beginning January 1, 2027. Historically, both states generally exempted from sales tax SaaS...
by Mollie Germon | Jun 9, 2026 | Accounting, News, Tax Planning
On May 31, 2026, the Illinois General Assembly approved the Revenue Omnibus bill, which includes several significant tax changes affecting businesses, pass-through owners, and certain digital and investment activities. The bill passed the legislature and awaits...
by MCCITStaff | May 20, 2026 | Tax Planning
Several states have tax amnesty programs beginning in 2026, which may allow payment of past tax liabilities owed to the states and include waiver of penalties and interest. 2026 Illinois Remote Retailer Tax Amnesty Program From August 1, 2026, through October...
by MCCITStaff | May 17, 2026 | News, Tax Planning
Last year, a new income tax deduction for qualified cash tips went into effect under the One Big Beautiful Bill Act (OBBBA). The break is scheduled to expire after 2028. In September 2025, the IRS released proposed regulations to provide guidance for taxpayers. The...
by MCCITStaff | May 14, 2026 | Tax Planning
