Absence of the forms has left employers unable to plan for 2015 taxes On July 24, the IRS released draft forms that employers will use to report on health coverage that they offer to their employees. According to the IRS, these draft forms are being provided to help stakeholders, including employers, tax professionals and software…
NACS shares concerns about unleveled playing field with Senate Finance CommitteeThe U.S. Senate Finance Committee is held a hearing to address tobacco tax evasion, an issue about which NACS has long been active in educating both members of Congress and the general public. NACS has submitted a statement, “Tobacco: Taxes Owed, Avoided and Evaded,” to…
By Paige Anderson In July, the House of Representatives passed legislation to fund the Highway Trust Fund through May 2015. Without the additional monies, the fund would run out of money by Labor Day. While House and Senate transportation committees work on a long-term authorization bill, the temporary “patch” was needed to continue funding our…
Last-minute legislation awaits President Obama’s signature, would provide funding through May The nation’s highway and mass transit programs will be funded for another 10 months after Senate Democrats approved a GOP-crafted $11 billion extension on July 31, 2014, despite rejecting it overwhelmingly earlier in the week. The Senate’s 81-13 vote now sends the legislation to…
USDA is sending notices to SNAP Retailers notifying them of a recently published request for information (RFI) on a proposal to release store level SNAP redemption data to the public. In other words, how your SNAP sales for each retailer. This is in direct response to the Argus Leader case out of South Dakota. What…
By Vincent Taylor, vtaylor@opisnet.com Copyright, Oil Price Information Service As expected, the National Association of Convenience Stores is taking its battle over debit card swipe fees to the U.S. Supreme Court. The association said that today it asked the Supreme Court to hear NACS’ appeal of a March 21 federal appeals court ruling that upheld…
Printed in the September issue of Michigan Food News magazine MIRA Board member and MGA’s Associate Member Prairie Farms Dairy promoted Gary Davis to National Sales Manager, effective October 1. Davis and his wife, Sharon, will move to the greater Saint Louis, Missouri, area. Prairie Farms, along with its joint ventures and subsidiaries, have 36…
Author of swipe fee cap rule now says retailers are right, and “consumers have suffered” from excessive bank fees In the years since the Federal Reserve’s cap on debit card swipe fees took effect, retailers and banks have continually argued whether the cap was set higher than Congress originally intended. This week, Senator Richard Durbin…
Federal Reserve report reveals huge mark-ups by banks on debit card transaction fees, causing ripple effect in retail industry A new report published by the Federal Reserve Board last week reveals further evidence that big banks continue to reap huge dividends from the fees they charge for debit card transactions. The report found that the…
In lieu of the recent news that a second health care worker in Dallas, Texas, tested positive for Ebola virus this week, NGA has developed a document to provide our members with information and resources they may need regarding the Ebola virus and to address growing public concerns. It is important to emphasize that the Ebola…