The IEA forecasts the first quarterly decrease in more than a decade amid a China slowdown. February 14, 2020 PARIS–Worldwide, the demand for oil is set to contract for the first quarter of 2020, the first drop in more than 10 years, according to the International Energy Agency (IEA), CNBCreports. The decreased demand comes as…
DetailsA well-maintained bathroom makes consumers open their wallets By NACS Online // February 12, 2020 MENOMONEE FALLS, Wis.—A growing majority of consumers value businesses’ well-kept restrooms so much that they are willing to spend more money when they encounter one, according to new national research. The number of Americans who will “definitely” or “probably” shell…
DetailsThe interchange fees will rise or fall based on the merchant and how a customer pays By NACS Online // February 07, 2020 SAN FRANCISCO—Visa Inc. will make huge changes to its interchange rates, with lower rates for real estate and education categories and higher rates for e-commerce transactions, Bloomberg reports. “The U.S. credit interchange structure has…
DetailsThe proposal would take oversight of tobacco away from the Food and Drug Administration By NACS Online // February 12, 2020 WASHINGTON—The Trump Administration has proposed yanking tobacco oversight from the U.S. Food and Drug Administration (FDA) to a new, independent agency, Politico reports. The tobacco agency would be helmed by a director confirmed by the Senate.…
DetailsBy Center for Tobacco Products Last month, FDA announced the agency’s enforcement priorities for electronic nicotine delivery systems (ENDS), such as e-cigarettes, on the market without premarket authorization. Beginning today, the agency intends to prioritize enforcement against certain illegally marketed flavored e-cigarette products, focusing on products that are particularly popular with youth and are easily accessible or marketed to…
DetailsSmall, mom-and-pop retailers are more likely to be victims of skimming. By NACS Online // February 07, 2020 BREVARD COUNTY, Fla.—Florida has long been the epicenter of skimming, with more than a thousand found in the Sunshine State between January and September 2019, according to a report from NBC2. So far this year, though, the…
DetailsBy: Randall A. Denha, J.D., LL.M.* With every windfall comes great obligations, so be prepared for the surprises you may encounter when inheriting property. Inheriting real estate from your parents is either a blessing or a burden — or a little bit of both. Figuring out what to do with the property can be overwhelming,…
DetailsA commitment to sustainable energy can be good for businesses and consumers. Michigan is proving that. A new energy policy in 2016 got the state moving in the right direction on energy. We’re adopting more clean energy, keeping prices low and strengthening our reliability. As the voice for the food, beverage and petroleum industry, the…
DetailsLANSING, Mich. – Michigan’s business taxpayers now have an easier option for filling their Sales, Use and Withholding (SUW) Annual Tax Return, according to the Michigan Department of Treasury (Treasury). Beginning this month, business taxpayers with less than $10 million in gross receipts and no allowable deductions or exemptions can file the new SUW Tax…
DetailsTaxpayers Must File Returns by April 15, 2020 LANSING, Mich. – Michigan taxpayers can begin to file state income tax returns on Jan. 27, according to the Michigan Department of Treasury. Individuals can file their state income tax return online, with a tax professional or by mailing in paper forms and documentation. All state income tax returns and…
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