Taxpayers Urged to Watch for Phone Scams and Phishing Schemes Contact: Ron Leix, Treasury, 517-335-2167 LANSING, Mich. – As the state of Michigan begins a new year and the state income tax filing season approaches, the Michigan Department of Treasury is asking taxpayers to resolve to be ready for tax scams in 2018. Cybercriminals…
By Randall A. Denha On December 22, 2017 the President signed the Tax Cuts and Jobs Act (“Act”). The Act will have a significant effect on individuals and businesses at all income levels for years to come. Following is a summary of how the Act may affect your estate plan. Estate and Gift Tax…
From food to fuel and healthy choices, retailers see good things ahead for the New Year, as well as areas to keep an eye on By NACS Online Growth in healthy food and beverages sales led to positive overall sales at convenience stores in 2017, and retailers expect the momentum to continue in 2018,…
Bitcoin teller machines are slowly making inroads into bodegas and corner stores By NACS Online Bitcoin teller machines (BTMs) have become hot properties, showing up at convenience stores, gas stations and liquor stores, Pacific Standard Magazine reports. New York City now has more than 80 BTMs, with dozens more in other areas. BTM makers…
With its wholesome ingredients, craft soda wants to hone its healthier and more natural alternative image By NACS Online Craft soda appears poised to capitalize on customer appreciation for healthier and more natural food products, QSR Magazine reports. While customers have been ditching regular soda, craft sodas like Appalachian Craft Soda, Jones Soda and…
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,…