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Free for GLGA members!
The Illinois sales tax exemption for graphic arts producers and the Manufacturer’s Purchase Credit for graphic arts producers expired on August 30, 2014. Currently new equipment purchased by graphic arts producers is subject to Illinois sales tax, increasing the tax burden and cost of doing business in Illinois. If you have been claiming sales tax exemptions or the Manufacturer’s Purchase Credit, your business is impacted by this change. Join us to learn what these changes mean to your bottom line and the steps which must be taken at your business to comply with the law, and what the future may hold.
Learning Objectives:
Upon completion of this webinar, participants will be able to:
- List which laws and exemptions have expired
- Recognize which purchases are taxable instead of exempt
- Identify what changes need to be made to be compliant with the law
- Discuss pending Illinois legislation
Suggested External Audience:
CFOs, accounting staff, purchasing staff at graphic arts production companies with operations in Illinois.
Date Recorded: Wednesday, April 1, 2015
Cost: FREE for GLGA members. Not-yet-members: $35.
About the Presenters:
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Andrew Klemens is a partner with BKD, LLP. He provides consulting and tax preparation services for closely held corporations, partnerships and LLCs in a variety of industries, including manufacturing, distribution, graphic arts, retail, health care and professional services. Andrew consults on business entity selection and planning, corporate and LLC reorganizations and sale analyses involving sophisticated transactions and structures. His experience also includes individual tax planning, employee benefits, multistate taxation and representation before various taxing authorities including the IRS, Illinois Department of Revenue and the Illinois Department of Employment Security.Andrew is a member of the American Institute of CPAs (AICPA) and volunteers to write CPA exam questions for AICPA. He also is a member of the Illinois CPA Society, where he chairs the partnership subcommittee for the Committee on the Taxation of Flow-through Entities. |
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JoAnna Simek is a Senior Manager with BKD, LLP. She has almost 10 years of public accounting experience, including individual taxation, payroll taxes and providing tax preparation and consultation services for closely-held corporations, shareholders, partnerships and LLCs. She is a member of BKD National Manufacturing & Distribution Group.She focuses on state and local taxation, especially sales and use tax audits, refund recovery programs and representation before state tax authorities. JoAnna is a member of the American Institute of CPAs, Illinois CPA Society (ICPAS), The Chicago Tax Club, Institute for Professionals in Taxation®, ICPAS State and Local Tax Committee and Young Professionals Group. She was the conference chair for the 2013 and 2014 ICPAS Tax Conference. She volunteers at Ladder Up. |
