By: Randall A. Denha, J.D., LL.M. On December 20, 2017, Congress delivered to President Trump the Tax Cuts and Jobs Act (the “Act”), which includes provisions that affect the Federal estate, gift and generation skipping transfer, or “GST”, taxes. This new tax legislation does anything but simplify the tax code. It creates an absolute mess,…
The recently released plan eliminates the corporate alternative minimum tax By NACS Online Congressional tax negotiators released the final version of tax reform this past Friday evening, December 15. The previous versions passed by the House and Senate were largely a mixed bag of results for the convenience retailing industry. The Conference report, at…
From growlers to gourmet food options, many convenience stores are focusing on new profit centers By NACS Online “Unusual offerings” at the Phoenix Mart are resonating with customers, thanks to new ideas about to service shift workers at a nearby hospital, busy commuters and local businesspeople taking a lunch break, writes WilmingtonBiz.com. When Springer…
Asian American merchant community say removing the barrier exposes them to injury and robbery By NACS Online In December, the Philadelphia City Council voted to approve a bill that most council members said would enhance neighborhoods, but that the merchant community said would jeopardize their safety and livelihood, reports Philly.com. The measure calls for…
By Alison Millington // Business Insider There’s a lot to know when it comes to drinking whisky. Whether it’s deciding whether or not to have ice, what brand to buy, or simply knowing the difference between whisky and whiskey, there’s a lot behind enjoying a glass of scotch, bourbon, or rye. Business Insider spoke to Ewan Gunn,…
Shipt will boost the retailer’s ability to same-day delivery services at nearly half its stores by early 2018 By NACS Online Target Corp. is acquiring Shipt Inc., an online same-day delivery platform, for $550 million. Target will leverage its network of stores and Shipt’s proprietary technology platform to bring same-day delivery to customers across…
By Randall A. Denha, J.D., LL.M. Many commentators and clients today voice a concern with avoiding probate. While it’s fairly easy to avoid probate, this article is not intended to address the desire or merit in avoiding probate, but is intended to highlight some of the potential traps for those persons who seek to avoid…
Drugstore chain continues its journey of becoming a single location for consumer health and wellness By NACS Online CVS Health and Aetna announced a definitive merger under which CVS Health will acquire all outstanding shares of Aetna. The companies say that this transaction fills an unmet need in the current health-care system and…
By Randall A. Denha, J.D., LL.M. It now seems more likely that a tax bill of some kind will be passed by Congress this year. I’ve been told by friends on the Hill that a new tax bill is certain. Whether or not you agree with all of the provisions now being offered (still…
West Bloomfield, MI — (December 6, 2017) On Wednesday December 6, The Republican-controlled Senate approved a bi-partisan bill by a 27 to 9 margin that would write the half-mile rule into law by prohibiting liquor stores from operating within 2,640 feet of one another with some exceptions. “This is a big win for our small…