Teri Grahn, CMI
The New GAAP Standard for Internal‑Use Software: What Has Changed and Why It Matters
Many organizations don’t think of software development as a core part of their business. But whether it’s a website redesign, a new ERP system, or...
Editor's note: This piece was originally published in 2020 and has been updated to reference new changes in Illinois state law.
Illinois has passed bill SB 3362, amending the Leveling the Playing Field for Illinois Retail Act and now requiring remote sellers to collect sales and use taxes based on destination rates.
Under the existing law, enacted on January 1, 2021, remote sellers with some sort of physical presence in the state were only required to collect tax at 6.25% and were not required to collect any applicable local taxes.
Effective January 1, 2025, remote sellers, with some sort of physical presence, will need to collect state and local sales tax based on the sales destination rate. In-state retailers will still collect sales tax based on the rate that the sale originated from.
If you have any questions, contact Teri Grahn at 651-407-5889 or tgrahn@redpathcpas.com.
Minnesota Tax Law Changes: What Businesses Should Know Right Now
John Kammerer, CPA: May 27, 2026
Minnesota’s recently signed omnibus tax bill (H.F. 2438) introduces several updates impacting businesses across the state. Many of these changes will...
How to Stop Construction Change Orders From Slipping Through the Cracks
Joel Newby, CPA: May 14, 2026
Scope changes can either protect your margin or quietly erode it. The difference comes down to how they’re identified, communicated, and accounted...