The National Grocers Association (NGA) has released the results of a study on the impact of independent grocers on America’s economy. This groundbreaking research provides a clear picture of the key role independent grocers play at the national, state, and congressional district level. “Since I started working for NGA in 2010, one of the most…
DetailsStrategies for Successful Succession Planning illustrates the importance of planning for the succession of a business and why the “tax tail doesn’t always wag the dog” in these decisions. There is a tremendous balancing that takes place for the business owner between family members and existing management and who best should lead. A business succession…
DetailsTwo of the country’s biggest beer brands are registering significant dips in sales that some are attributing to bad weather, among other factors. Advertising Age reports that marketers for MillerCoors, Heineken USA, and Anheuser-Busch InBev are also saying payroll taxes, higher gasoline prices, and rising interest in craft beer are contributing to the decline. The…
DetailsReynolds American Inc. is betting that smokeless tobacco products will up its net income by 35%, the Winston-Salem Journal reports. CEO/President Daniel Delen revealed few details during a recent talk with analysts, but he did say that the company would debut products in vapor (like electronic cigarettes), nicotine extract items (like lozenges), and nicotine-replacement therapy…
DetailsThanks to all of you for joining the conversation during Alcohol Awareness Month—but our work is not finished. Since May is Global Youth Traffic Safety Month™, The Century Council—along with the International Association of Chiefs of Police Foundation, National Organizations for Youth Safety, and the National Sheriffs’ Association—is proud to introduce IKnowEverything. Developed to prepare…
DetailsThe “kiddie tax” prevents high-net-worth individuals from avoiding taxes by shifting investment assets into their children’s names. In 2013, “children under age 20 and full time students living with the parents will pay income taxes at the parents highest marginal tax rate on all unearned income above $2,000.” But there are methods of avoiding the…
DetailsBy: Randall A. Denha, J.D. LL.M. For many people, your home is probably the most valuable asset you own. Yet most people don’t think about how to hold title until the title company poses the question when you buy or refinance. But this deserves careful consideration, because how you hold title to real estate has…
DetailsBy: Randall A. Denha, Esq.*** Estate plans for married clients typically provide first for the surviving spouse, in a manner that avoids estate tax at the first spouse’s death and minimizes that tax at the second spouse’s death. This is often accomplished by including technical and often lengthy “marital deduction formula clauses” in the will…
DetailsSix beverage items, three snacks, and one tobacco product are included in SymphonyIRI Group’s list of the top new c-store items for the 13 weeks ending June 24, 2012. Leading the way are two SKUs of AB InBev’s Bud Light Lime-A-Rita, which rolled out in April. Both 12-packs and 24-ounce cans of the margarita-flavored alcohol…
DetailsJuly 3, 2013By Michael Cohn: ACCOUNTING TODAY The Obama administration has decided to postpone the employer responsibility payment and insurance reporting requirements under the Affordable Care Act for one year to give businesses more time to comply with the health care reform law. “The Administration is announcing that it will provide an additional year before the ACA…
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