The Buzz on your Biz
Happy New Year to all of you! 2020 looks to be a year of change in the business community. As you’ve seen in previously posted updates, laws in Illinois have and will continue to change in the coming months. We will keep you in the loop and alert you to new requirements.
Our Annual Installation Luncheon will take place on January 7, 2020 at the Marriott Lincolnshire Resort (register online at www.bglcc.org). We look forward to sharing our year in review, as well as recognizing some Businesses, Member(s) and Board Member of the year. Member anniversaries will also be acknowledged. Please join us for this special occasion..
Save the date for our:
Best Regards,Suzi Schoenhoft
- Multi-Chamber “After Hours” at Tuscany Restaurant, January 16, 2020 from 5:00 p.m. - 7:00 p.m.
- New Member Orientation at the Chamber Office January 22, 2020 from 5:00 p.m.- 6:00 p.m. and
- BGLCC’s first 2020 EES on January 28, 2020 from 7:30 a.m. - 9:00 a.m. at Indian Trails Library –Topic New Year-New Goals.
MEMBERSHIP APPLICATION2020 IS HERE...DON'T FORGETTO COMPLETEYOUR MEMBERSHIP APPLICATION!iT CAN BE FOUND AT THE TOP OF THE NEWSLETTER PAGE, HIGHLIGHTED IN YELLOW
Join us for our first Executive Education Series (EES) of 2020!Look no further for the next meaningful choice you make!Start off 2020 by attending this dynamic presentation by:Marvin Bembry, President, MKB Leadership TransformationExecutive Director, John Maxwell Team.GOALS AND GROWTH IN 2020Tuesday January 28th, 20207:30 a.m-9:00 a.mIndian Trails Library355 Schoenbeck RoadWheeling, IL 60090Register on our website www.bglcc.orgMembers - $30 Non-Members - $35 * Breakfast will be provided
BGHS COAT DRIVE - DISTRIBUTION DAYWhen: Saturday, January 18, 2020Time: 8:00 a.m. - 1:00 p.m.Where: BGHS Cafeteria 1100 W Dundee Rd., Buffalo Grove, IL 60089Sponsored by: BG Environmental Club, Button & Zipper wwwbuttonandzipper.com
SHOWCASING OUR MEMBER EVENTS JANUARY
BEERMANN, LLP2275 Half Day Road, #350Bannockbourn, IL 60015Contact: Shana VitekPhone: 847 681-9600EMail: email@example.comWeb: www.beermannlaw.comCRUISES, INC,403 E. Hackberry DriveArlington Heights, IL 60006Contact: Ken HammelPhone: 224 456-3430EMail: firstname.lastname@example.orgLAW OFFICE OF JACK M. SHAPIRO, P.C.1110 W. Lake Cook Road,Suite 190Buffalo Grove IL 60089Phone: 847 243-8917Fax: 847 850-2608Contact: Jack ShapiroEMail: email@example.comNEMEH EYECARE, P.C.1455 E. Lake Cook RoadWheeling, IL 60090Contact: Dr. NemehPhone: 847 537-4959EMail: firstname.lastname@example.orgRAVINA PLUMBING, HEATING & ELECTRIC. CO., INC.575 Bond StreetLincolnshire, IL 60069Phone: 847 432-5561EMail: email@example.com
SHOWCASING OUR MEMBER ACTIVITIES - FEBRUARY
Multiply Your Networking PotentialMulti-Chamber Networking LuncheonTuesday, February 11, 2020 w 11:30 a.m. – 1:30 p.m.Ramada Plaza Chicago North – 1090 S. Milwaukee Ave, Wheeling IL
With Buffalo Grove/Lincolnshire, DBR, Des Plaines, Edgebrook/Sauganash, Edison Park, Evanston, Glencoe, Glenview, Lincolnwood, Morton Grove, Mount Prospect, Niles, Northbrook, Park Ridge, Skokie, West Ridge, Wheeling and Winnetka-Northfield Chambers of CommerceRSVP & Payment Due by 4:30 p.m. on Friday, January 31, 2020Member Pre-Registration Fee: $30 (includes lunch)Prospective Members & Walk-In Registration: $40 (includes lunch)Walk-in space is very limited.Multiply your networking potential! Members looking for a productive networking experience will enjoy the structured format of this program, which gives each participant an opportunity to speak to a receptive audience about his/her company’s products and services. The event will begin with informal networking over a hot buffet lunch. Attendees will then be divided into small groups at assigned tables where everyone will give 2-minute presentations on their companies. Following will be an additional presentation to a second and third group of participants. In addition, everyone will receive a contact list of pre-registered participants. Don’t miss this unique opportunity to expand your reach and resources!Please note that table assignments will begin promptly at 12:00 Noon. If you are not there by 11:45 a.m., your space may be given away to another participant and you will need to check-in at the “Late Registration Table.”
Contact Name _________________________________________
Billing Address, City, Zip___________________________________________________
Business Category ______________________________________________________
Phone __________________ E-mail _______________________________________
Number of participants: ______ Additional Participant Names: _____________________________________________________
Would you like to be a literature table participant for an additional $35? _______ Your company name and materials will be featured prominently on a table in the entry to the room for all attendees to view. Please note: You will share the table with other sponsors. It is only intended for company literature and not a full display. You are also welcome to bring giveaways & company brochures to distribute while networking.
Total Enclosed $_______________ Circle method of payment: Visa, MasterCard, Discover, American Express, Cash or Check
Credit Card Number ____________________________________ Expiration Date ____________ Sec-Code__________
Email for receipt of payment ___________________________________________Billing Zip Code____________________
Make checks payable to the Niles Chamber of Commerce.
Register online or send this form with your payment to the Niles Chamber of Commerce, 8060 W. Oakton Street, Niles, IL 60714.
Registration form and payment must be received by 4:30 p.m. Monday, January 31, 2020
REGISTER ON LINE:
BGLCC Events Calendar
CENSUS APRIL 1, 2020
Governor Signs Leveling the Playing Field
A short time ago, Governor Pritzker signed into law SB 119 which contained IRMA's initiative requiring remote sellers and marketplace facilitators to collect and remit the full sales tax. Last spring, pursuant to the South Dakota v. Wayfair decision by the Supreme Court of the United States (SCOTUS), a broad coalition of entities, led by IRMA, proposed enactment of language that would have required marketplace facilitators to collect and remit sales tax on behalf of marketplace sellers, and required remote retailers to collect and remit tax from their customers. This proposal was put forward by a coalition which included the City of Chicago, Cook County Government, Illinois Association of County Board Members and Commissioners, Illinois Association of School Administrators, Illinois Food Retailers Association, Illinois Municipal League, Illinois Retail Merchants Association, Illinois Sheriffs Association, Illinois State Association of Counties, Midwest Hardware Association, and the Regional Transportation Authority (RTA).Under this proposal, the full sales tax of 6.25% plus any locally imposed taxes would be collected on both remote retailer and marketplace sales. Illinois would substantially increase revenues from Internet sales by achieving as much parity as is possible in Illinois's tax system between remote sellers and Illinois retailers allowing units of local government, schools, public safety agencies, and the Regional Transportation Authority (RTA) to realize revenue from their locally-imposed retailers' occupation tax, and significantly increasing compliance while reducing the enforcement burdens of the Illinois Department of Revenue (IDOR). For Illinois retailers, the proposal represents a substantial leveling of the playing field as it relates to sales tax between Illinois retailers and their remote competitors.
In response, Illinois enacted Public Acts 101-0009 and 101-0031 which contained language requiring marketplace facilitators and remote sellers to collect and remit Illinois sales tax. Unfortunately, the language that was inserted at the last minute in June into the budget and capital bills was not what the coalition proposed and was seriously flawed. After weeks of discussions, agreement has been reached with IDOR and the Governor's Office of Management and Budget (GOMB) on the necessary repairs. The repairs were contained in House Amendment #1 to SB 119 (Sen. Heather Steans, D- Chicago/Rep. Micheal Zalewski, D-Riverside) follow what IRMA and the coalition originally proposed and the Assembly intended last spring - to substantially increase revenues from Internet sales in Illinois by leveling the playing field as much as possible within Illinois's sales tax system between remote sellers and Illinois sellers, allowing units of local government and others to realize revenue from their locally-imposed retailers' occupation. Here is an overview:
Use Tax (page 487, line 8 thru page 508, line 14)
The key Use Tax provisions that were stricken in Public Act 101-0031 are restored. This ensures the state's budget, and the 1% of the 6.25% Use Tax local governments share by population, are protected in the event of an adverse court decision on the ROT provisions (below). These Use Tax provisions take effect January 1, 2020.
Retailers' Occupation Tax (ROT) (page 508, line 16 - page 542, line 22)
Remote retailers: Remote retailers, any retailer without a physical presence in Illinois, will be required to remit ROT at destination (i.e. the sales tax rate in effect where the customer is having the item shipped). Remote retailers can do this themselves or utilize Certified Service Providers (CSP) who will be reimbursed by retaining the Retail Discount that would have gone to the remote retailer. This is due to the fact the CSP is now doing the work the retailer used to do. These provisions take effect January 1, 2021.
Certified Service Providers (CSP): CSPs will have to have their systems, and any subsequent upgrades, certified by the Illinois Department of Revenue (IDOR); are not held liable if the seller provides inaccurate information or that rate information provided by IDOR is not accurate. CSPs must enter into tax remittance agreements with their remote retail customers and a copy of the remittance agreement must be filed electronically with IDOR. CSPs must filed returns on behalf of their remote retail clients. These provisions take effect January 1, 2021.
Marketplaces: Marketplace facilitators will be required to remit ROT at destination on the marketplace sales of any third-party retailer through the marketplace.). These provisions take effect January 1, 2021.
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