The Patrón and Avión tequila purchases likely will not be the last deals this year for producers of tequila, whiskey and gin. By Cathaleen Chen // The Street So much for dry January. So far this year, there have been two major deals in the spirits industry: Bacardi Ltd.’s acquisition of Patrón Spirits International AG, and Pernod Ricard…
DetailsA multi-state trade association representing retailers successfully – albeit possibly temporarily – stopped the rescission of a state rule that prohibits liquor stores from operating within a half mile from one another On January 24th, Judge Stephen Borrello issued an order staying rescission of Michigan’s longstanding “half-mile” rule pending any future court order. The…
DetailsEarly Filers Prevent Cybercriminals from Stealing Refunds Michigan’s individual income tax filing season officially begins today, according to the Michigan Department of Treasury (Treasury). Effective immediately, Michiganders can start filing their 2017 tax year state individual income tax returns online or through the U.S. Postal Service. All individual income tax returns must be…
DetailsSecret Service warns ATM jackpotting attacks seen in other countries are hitting the United States By NACS Online ABC News reports that the U.S. Secret Service is warning banks across the country about a new means of robbing ATMs, called “jackpotting,” that’s been seen in Europe and Mexico and now hitting the United States…
DetailsKDP’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,…
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