December 2012 Archives

Chicago area community offers sales tax rebate to businesses

There are many small businesses located throughout the Chicago area. While these businesses provide a variety of goods and services, the basics behind each are the same. The goods or services are offered to consumers in exchange for compensation. Because it can sometimes be difficult for businesses of this size to survive, some communities take steps to implement incentives that are financially advantageous to the businesses.

Proposed legislation seeks tax information from Illinois companies

There are many reasons that a company will decide to call a specific state home. One of those reasons is the available tax breaks. Depending on the tax break, a company can save millions of dollars each year. In an effort to improve Illinois' current tax policies, recently two state lawmakers suggested that companies that are publically traded provide information regarding the state taxes each pays annually.

Rate of borrowing up for small businesses

Over the course of the past few years businesses throughout the country have had a difficult time surviving. This is particularly true where small businesses are concerned. While larger operations often have multiple areas in which excesses can be trimmed, it is not uncommon for smaller businesses to be surviving on a shoestring. Things appear to be looking up for the smaller firms throughout the nation however.

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