KDP’s pro forma combined 2017 annual revenues approximately $11B By Beverage Industry Dr Pepper Snapple Group Inc., Plano, Texas, and Keurig Green Mountain Inc., Burlington, Mass., announced that the companies have entered into a definitive merger agreement to create Keurig Dr Pepper (KDP), a new beverage company of scale with a portfolio of iconic consumer…
DetailsBy: Randall A. Denha, J.D., LL.M. With the passage of President Trump’s Tax Cuts and Jobs Act of 2017 (the 2017 Tax Act), many tax attorneys, along with our clients running closely held businesses, have already begun reviewing and implementing tax-efficient strategies. Three Areas to Focus On The 2017 Tax Act provides many new planning…
DetailsWith 7-Eleven’s introduction of cold-pressed juice, the c-store trend of healthier options remains strong By NACS Online In January, 7-Eleven announced it would start selling cold-pressed organic, vegan, fair trade, gluten-free and non-GMO juice alongside Slurpees, sodas and snacks, the Washington Post reports. The change is part of a sweeping trend in the…
DetailsTaxpayers 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…
DetailsBy 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…
DetailsFrom 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,…
DetailsBitcoin 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…
DetailsWith 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…
DetailsBy: 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,…
DetailsThe 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…
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