Expired Sales and Use Tax Focus Forum

Free for GLGA Members!

Focus Forum: Expanded Sales and Use Tax Exemptions in Illinois

Last year the Illinois Graphic Arts sales tax exemption was reinstated effective July 1, 2019. This exemption has been expanded significantly to include many of the consumable items used in production that previously were subject to tax.

Come learn about the impact these new Illinois rules will have on the tax exemption for graphic arts producers. This Focus Forum will review the exemptions and differentiate between the old rules and the new, and will discuss the changes graphic arts companies should implement when purchasing materials going forward. Additionally, we will
hear a report from GLGA Illinois Director Bill Gibson about what’s next on the legislative front.

If you do business in Illinois, you can’t afford to miss this Focus Forum! “Illinois Government presents many challenges for printers and associated trades related to taxes and regulations,” Bill Gibson said. “We must keep a watchful eye on legislation both local and federal that may adversely affect the trade profitability/competition across state borders. As an association it is GLGA’s mission to keep our members informed of proposed laws that create adverse business conditions and lobby for manageable regulations.”

For more information, visit GLGA’s Illinois Graphic Arts Sales Tax Exemptions informational page.

Who Should Attend:

• CEOs
• CFOs
• Accounting staff
• Purchasing staff
• Sales staff from graphic arts production companies, equipment manufacturers, and graphic arts suppliers with operations in Illinois.

About the Presenters:

Bill Gibson, Illinois Director of the Great Lakes Graphics Association, has supported the print community in Illinois for several years. He owned Gibson Graphics, Inc., on Chicago’s Southside and served his local trade association for 23 years as well as an officer and past president of Printing Industries of America, The Ben Franklin Club and director of the Graphic Communications Guild. As a lobbyist in Illinois he successfully lobbied for the reinstatement of the Graphic Arts Sales Tax Exemption along with trade partners the Illinois Manufacturing Association and the Illinois Press Association. which formed a coalition to collectively fight for incentives for manufacturers in Illinois.

 

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, food, graphic arts, 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 income tax provision (ASC 740 and FIN 48) preparation and assisting corporation public filing requirements with quarterly tax reporting, multistate taxation, individual tax planning, employee benefits and representation before various taxing authorities, including the IRS, Illinois Department of Revenue and 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 Flow-Through Entities Committee.

 

Josh Sharp is the Executive Vice President of the Illinois Petroleum Marketers, and has been one of our key lobbying partners in Springfield on the fight to restore the graphic arts exemptions.  Prior to joining the IPM, Josh was with the Illinois Press Association from 2004 until 2019, first as the Director of Government Relations and then serving as the Executive Vice President and & Chief Operating Officer. He also interned in the lobbying firm of Filson/Gordon Associates and worked for the Department of Central Management Services. He holds a Bachelor of Arts degree in Political Science from Southern Illinois University Carbondale.

 

 

JoAnna Simek is a partner with BKD, LLP. She is a member of BKD National Manufacturing & Distribution Group, with a focus on technology and software companies as well as food processors and distributors. She provides consulting and tax services for corporations, individuals and flow-through entities across a variety of industries, including manufacturing, distribution, technology, computer software and professional services. In addition, she consults with clients on tax planning opportunities and risk mitigation strategies. She focuses on state and local taxes (SALT), including state tax audits, tax reduction programs, voluntary disclosure and amnesty agreements.She has authored many articles on SALT topics and frequently speaks on subjects affecting multistate businesses and their owners. JoAnna is a member of the American Institute of CPAs, Illinois CPA Society (ICPAS), and The Chicago Tax Club.

 

 

Date:
Wednesday, October 30, 2019

Time:
9 a.m. Registration (coffee and light breakfast available)
9:30 – 11:30 a.m. Presentation

Cost:
FREE for GLGA members.
Not-Yet Members: $59 per person

Location:
The Millhurst Charhouse is in the same building as BKD, LLP. The restaurant’s main entrance is on the south side.

THANK YOU TO OUR SPONSORS:

 

Online registration is now closed. If you haven’t registered, you are still very welcome to attend. There are some limited spaces still available. Please contact Bill Gibson at (312) 704-5000 if you have any questions.