SPRINGFIELD…..In a unanimous vote on Friday, State Representative Peter Breen (R-Lombard) passed legislation that is estimated to save Illinois small businesses and not-for-profits millions of dollars in electronic filing fees. HB 3514 would amend state law to end the practice of charging “expedited service fees” of $25, $50, or more on every electronic filing with the Secretary of State’s office.
“Our current law treats every e-filing with the Secretary of State’s office as an expensive ‘expedited service,’ regardless of whether the filing requires expedited handling,” said Breen. “By making e-filing free, we will save our small businesses and non-profits millions of dollars and encourage greater use of electronic filing over filing by paper mail.”
While presenting the bill on the House floor, Breen explained that business owners should be encouraged, rather than discouraged, from filing electronically. “Electronic filing reduces errors, saves paper, and saves money. As such, those who conduct business in this state should be encouraged to e-file,” Breen said. “They certainly should not be charged extra fees to electronically file, over and above what they would be charged if they filed in person at the Secretary of State’s office.”
Utilizing electronic filing for small businesses can help in so many ways and being able to save money on using it can free up money to go towards the progression of these businesses. Money that can be used on small business bookkeeping services from accredited accountants, can help with keeping your business working the way it should be.
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