Add eSigning Illinois Bill of Sale with airSlate SignNow

Add esigning Illinois Bill of Sale

if you're anything like me sales tax is daunting difficult and confusing that's why i'm making this video in this video i'm going to show you how to file and how to pay your illinois state sales tax we're going to do everything using the online portal my tax illinois and i'm gonna walk through every step of the way with you buckle up let's get this done so you finally started your own business invest for the long term and i'll show you exactly how be good to future you all right first things first let's head over to the my tax illinois portal so you can see exactly what it looks like this is what pops up when you log in i'm here in my login you can see i've been working on my returns i did my july one it's processed i have my june it's being pending i owe 20 and now we're gonna work on may so in order to get to this field you'll show up here at home but we can't just start filing our return right away first we have to figure out where we owe the taxes because every state is broken down by county and then by city so if you sell something into the city of chicago and it's in a certain county you have to pay taxes based on where your item was sold now we have an e-commerce company we sell nationwide and so any state or county or place that we trigger a nexus in we have to remit and pay sales tax a nexus is anytime you sell how do i put this an economic nexus is any time that you trigger a certain event either by selling a lot of product or by selling a lot of value worth of product so either 200 000 or more or 200 transactions or more i believe that's what it's at basically we've triggered a nexus in illinois so we need to start paying the taxes so first we have to figure out exactly where all of our transactions happen so that we can figure out how much tax we owe we don't want to put in the big numbers otherwise we'll owe too much so that's where i use something like tax jar so tax jar if you look up here i'm going to go to my dashboard and show you how i got to this field tax jar pulls all your reporting from all your different channels for example amazon ebay paypal shopify it will pull all the data in and tell you exactly how much tax you owe in what areas because different cities charge different taxes and it starts to get really confusing so let's just click on illinois and keep it simple this time now in illinois we're going to go over to may yep that's what we're working on and we're gonna go to our expected sales tax due you can...