So Amazon collects sales tax for me?


Amazon collects sales tax on most of the items sold directly by their company, and now they are starting to collect taxes on items sold by third party sellers. This means you don’t need to remit sales tax in certain states- places like Amazon and eBay are doing it for you!

In this guide we’ll run down the major points, address common questions and help you change your settings, so Amazon collects the sales tax instead of you.

Where Amazon Collects Sales Tax for their products

Currently, here are all of the places Amazon collects sales tax for their own items:
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Illinois State Sales Tax- A Quick Guide for Businesses

The State Spotlight Series

Illinois state sales tax rate is 6.25%. However, always remember that is the state rate. It does not include any local jurisdictions and can be as high as 11% in some places in Illinois.

Illinois does make it a bit easier with the rate look up tool you can find directly on their website.

Illinois State Sales Tax Due Dates

The 20th of the every month is when the taxes are due for Illinois for monthly remittance. When you apply for a tax ID number in IL, they notify you about your frequency of filing requirements. Also, as you begin selling in the state, they’ll also notify you depending on your average sales if your filing requirements change. read more

African-American Accountants

Black History Month Series

In honor of black history month, I am combining my love of numbers with my love of history to bring you biographies of African-American CPAs. As pioneers in their field, it wasn’t all about numbers. These men and women helped to bring more opportunities to African American communities and more value to the education African-Americans had access to.

First up on our list of biographies is John Cromwell.

Early Life

John Cromwell Jr. was born in Washington DC in 1883. His family was significantly established in the DC area. John Cromwell Sr. practiced as an attorney and teacher, and he held the title of chief examiner for the United States Postal Service. Also, his sister graduated from Yale University with a Ph.D. John Cromwell Jr continued the family tradition of higher education,  studying at Dartmouth University. “He graduated from Dartmouth as the best student in science in the class of 1906.” (nabainc.org) read more