In this episode, we continue our conversation with Dave Kupiec, CPA, JD, and Natalie Martin, JD, of Kupiec & Martin, LLC, for a deep dive into Illinois tax law. We break down the often-overlooked Illinois franchise tax—a complex and frequently misunderstood area of state taxation. We explore how this tax impacts businesses, particularly during audits in Chicago and Cook County, and highlight the hidden risks that can catch taxpayers off guard.

You’ll gain key insights into potential liabilities and learn proactive strategies to stay ahead of compliance issues. The conversation also underscores the importance of strong collaboration between legal and tax teams to navigate the shifting terrain of Illinois tax law.

Key Takeaways:

• Franchise tax in Illinois is easy to overlook: Many businesses don’t fully understand it, which can lead to problems.
• Audits in Chicago and Cook County are high risk: These areas are more likely to trigger issues if your filings aren’t solid.
• Legal and tax teams need to work together: Teamwork helps catch mistakes and stay compliant.
• Plan ahead to avoid trouble: A proactive approach can save time, money, and stress later.

Chapters

00:00 - Intro

00:29 - Understanding the Franchise Tax: Key Insights

13:30 - Registration and Liability in Business Transactions

21:23 - Chicago's Taxation Challenges

31:05 - Navigating State Tax Regulations

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In this episode, we’re joined by Dave Kupiec, CPA, JD, and Natalie Martin, JD, of Kupiec & Martin, LLC, for a deep dive into Illinois tax law. Drawing on their extensive experience with the Illinois Department of Revenue and major corporations, they unpack the recent Pepsi case, offering insights into the state’s Tax Tribunal and appellate process.

We explore the importance of strong documentation, how administrative decisions can impact taxpayers, and key strategies for navigating Illinois’s complex tax landscape.

• The Pepsi case shows how complex Illinois tax disputes can be.
• Good documentation is essential for dealing with audits and legal decisions.
• Illinois tax rules are always changing and can greatly affect businesses.
• Knowing how Illinois tax law works helps with better planning and staying compliant.

Chapters

00:00 - Intro

03:49 - Understanding the Illinois Tax Tribunal

14:00 - Importance of Documentation in Tax Cases

31:21 - The Evolution of Sales Tax Legislation in Illinois

41:20 - Taxation and Remote Sellers: An Unusual Amnesty Proposal

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In this episode of the SALTovation podcast, we unpack the complex and shifting economic landscape of Colorado, focusing on how recent tax policies are reshaping the business environment. We continue our conversation with Ed Sealover, VP of Strategic Initiatives at the Colorado Chamber of Commerce, and explore key legislative developments, including new targeted tax credits designed to spark innovation and boost tourism across the state.

We take a closer look at the evolving role of the Taxpayer’s Bill of Rights (TABOR) and its ripple effects on efforts to reform business personal property taxes and discuss the concerns around Colorado’s declining business climate rankings.

• Legislative Shifts: Breakdown of key tax initiatives from Colorado’s recent legislative session, including expanded credits for innovation and tourism.
• TABOR in Focus: Examination of the Taxpayer’s Bill of Rights and its influence on business personal property tax reform.
• Economic Headwinds: Discussion on Colorado’s declining business climate rankings and the underlying policy challenges.
• Investment Implications: Insight into how evolving tax policy is shaping corporate investment strategies across the state.

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As Colorado heads into 2025, big fiscal decisions loom. In this episode, we sit down with Ed Sealover, VP of Strategic Initiatives at the Colorado Chamber of Commerce, to unpack the state’s growing budget deficit and what it could mean for both businesses and residents.

We explore hot-button issues like the proposed rollback of software tax exemptions and the controversial retail delivery fees. Ed breaks down the tough balancing act lawmakers face, and how to fund essential services without stifling economic growth.

From the halls of the Capitol to the boardrooms of local businesses, we examine how these tax debates reflect deeper political tensions and impact Colorado’s economic future.

• Colorado’s Budget Woes: The episode unpacks the state’s growing budget deficit and the fiscal hurdles ahead in 2025.
• Labor Law Shake-Up: A deep dive into the proposed overhaul of the Labor Peace Act and what it could mean for unionization efforts.
• Tax Policy Tensions: Examines hot-button tax proposals—including changes to software exemptions and retail delivery fees—and their impact on businesses and consumers.
• Balancing Act at the Capitol: Highlights the challenge lawmakers face in funding public services while supporting a healthy business environment.

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This week we continue our conversation with Diane Yetter, President and Founder of Yetter Tax and the Sales Tax Institute. We unpack recent changes to Illinois tax law—specifically through the lens of the PetMeds case—and explore the broader impact of South Dakota’s use tax ruling. We also break down what these shifts mean for taxpayers and why it’s more important than ever to stay alert in the ever-changing world of state and local taxation.

From choosing the right software to understanding key decision factors like taxability content, geographic coverage, and platform compatibility, listen for practical insights for businesses navigating this complex space.

• Why understanding nexus thresholds is crucial for compliance—and how sales tax automation can help.
• What shifting tax obligations across state lines mean for your business operations.
• How the taxation of digital goods and software is evolving—and why it matters now more than ever.
• The critical role tax professionals play in helping businesses navigate today’s complex regulatory environment.

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More than a dozen states have repealed the 200 transaction threshold for economic nexus, aiming to ease the burden on small sellers. Our guest Diane Yetter, President and Founder of Yetter Tax and the Sales Tax Institute, breaks down what these changes mean for businesses, particularly those navigating multi-state sales. Diane explains why small sellers can no longer rely solely on transaction counts to determine nexus and why a broader understanding of tax obligations is now essential. 

We unpack the benefits of these reforms, the challenges that persist, and what steps businesses should take to stay compliant in an ever-evolving regulatory environment.

• A growing number of states are repealing the 200 transaction threshold, helping reduce compliance burdens for small sellers.
• Guest Diane Yetter stresses the importance of understanding both economic and physical nexus requirements.
• These policy changes are considered a win for taxpayers, particularly small businesses.
• Significant changes to Illinois’ tax structure raise concerns about potential discrimination against out-of-state sellers.

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In this episode of the Saltovation Podcast, we continue our conversation with Brent Reeves, co-founder of CereTax. Brent unpacks the power of API-first architecture and explains why seamless integrations are critical, often solving problems businesses don’t even know they have.

Together, we explore key topics like audit readiness, the pitfalls of legacy systems, and the importance of building tax processes right from the start to avoid costly missteps. Brent also shares insights on the growing trend toward technology-enabled services, where automation is enhanced, not replaced, by human expertise.

Whether you're a tax professional or just trying to keep up with state and local tax complexities, listen this week for actionable takeaways in the ever-changing tax landscape.

• Audit readiness is non-negotiable – Proactive planning and smart integrations help avoid the high costs of relying on outdated systems.
• Transparency is key – Clear, traceable tax processes are essential for audit success and ongoing compliance.
• Saritax solves what you don’t see – Brent shares how the platform uncovers and addresses hidden pain points in automation and compliance.
• Automation isn’t replacing people—it’s enhancing them – Expect a growing shift toward technology-enabled services that blend automation with expert support.

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We’re talking with Brent Reeves, a seasoned entrepreneur and trailblazer in tax technology, on the SALTovation podcast this week. Brent shares the story behind launching SureTax and how that journey led to the creation of his latest venture, CereTax.

We dive into what it takes to disrupt the sales tax space—from building agile teams to staying ahead of constantly shifting compliance demands. Brent breaks down how his approach to solving real-world tax challenges with smart, scalable tech has helped businesses of all sizes stay compliant and future-ready.

Join us as we explore the art of building tax software that not only works today but evolves with tomorrow’s complexities.

• Brent Reeves details his entrepreneurial journey from SureTax to launching CereTax successfully.
• The importance of agile teams and innovative tax solutions in business.
• Understanding tax complexities is critical for effective software development and is why technology must adapt to ever-changing tax laws and regulations.

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Mentioned in this episode:

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This week on the SALTovation podcast we continue our conversation with Michael Cataldo. Michael breaks down Public Law 86272 and how it affects businesses in California. He discusses the market-based sourcing rules and key cases like Bindley and Luber, which highlight the challenges of tax compliance in the state. Meredith, Stacey, and Michael talk about Governor Newsom’s budget proposals and how they could impact financial institutions, especially with the potential switch to a single sales factor for apportionment. 

Listen for tips on how to navigate California’s tricky tax regulations and how upcoming changes could impact the future of business operations.

• What are the ramifications of Public Law 86272 on enterprises operating within California's jurisdiction?
• Market-based sourcing regulations: businesses are facing complexities in their compliance efforts.
• How current cases impact accountant practices significantly.

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This week on the SALTovation podcast, Michael Cataldo breaks down the key market-based sourcing regulations that will shape state tax practices in 2025 and beyond. We explore the shifting landscape of state and local taxation, with a strong focus on California’s latest regulatory developments.

Join us as we unpack the complexities of these changes, their broader implications, and why tax professionals must stay ahead of the curve. We also dive into the controversial “look-through” approach, which redefines how service-based income is sourced—a debate extending far beyond California’s borders.

• Michael Cataldo discusses California's market-based sourcing regulations and their implications for practitioners.
• The regulations have been in development for over a decade and are now set for formalization.
• Understanding the 'look through' approach is crucial for income sourcing in California tax law.

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Talk to a Tax Advocate Today!

Talk To A Tax Advocate Today:

https://taxops.com/contact/

Mentioned in this episode:

SALT Contact

SALT Contact