The Chicago business scene is reeling from a new cloud tax law that requires some cloud-based businesses to pay a 5.25% fee on top of taxes already owed. As you can imagine, this is painful news to business owners and executives who haven’t accounted for such a commitment — and find themselves scrambling to reckon […] Read more “3 Facts Small Businesses Need to Know About Chicago’s Cloud Tax”
Tag: Chicago taxes
Mayor Rahm Emanuel thinks that the solution to Chicago’s record debt crisis is a big increase in property tax revenues – to the tune of an extra $544 million a year by 2018. Not all residents are happy about his proposed plan for shoring up the city’s unfunded pensions, but for some homeowners it may […] Read more “How Chicago’s Property Tax Increase Will Affect Cook County Homeowners”