Content about Internal Revenue Service

March 4, 2013
R&D Tax Incentives — Cash for Fashion & Apparel Retailers

By Randy Frischer, Jonathan Forman, and Brad Poris, BDO USA, LLP

By Randy Frischer, Jonathan Forman, and Brad Poris

November 26, 2012
Gift Cards: Tips and Best Practices for Successful Management

By Randy Frischer and Patricia Brandstetter

By Randy Frischer and Patricia Brandstetter

October 22, 2012
Wage-hour issues to consider during the holidays

By Bruce M. Cross, Perkins Coie LLP

By Bruce M. Cross, BCross@perkinscoie.com

In the holiday rush, it's easy to overlook wage-hour issues. This article discusses common ones to which retailers should be alerted, including: temporary workers and independent contractors; unpaid interns and trainees; “off-the-clock” work, meal and rest breaks; seating requirements; cost of uniforms; workplace safety; and overtime exemptions.

Temporary workers

March 15, 2012
Buyer Be Aware: How to Position Your Company for Maximum Exit Value

By Chris Blees, CPA/ABV

By Chris Blees, cblees@biggskofford.com

June 20, 2011
Gift Cards: Opportunity and Issues for Retailers

The growth of gift cards has been nothing less than phenomenal. But while gift cards have come to provide a critical source of earnings, they also face an intensifying regulatory environment, including tax and financial reporting for gift cards, that has become increasingly complex.


March 24, 2011
Gift Cards: Opportunities and issues for retailers

By Giles Sutton, J.D., LL.M, Grant Thornton LLP

By Giles Sutton, J.D., LL.M, giles.sutton@us.gt.com

Gift-card sales have surged in recent years. With electronic or virtual gift cards and mobile applications that allow consumers to purchase and redeem gift cards from their mobile/smartphones, sales only continue to grow. While consumers flock to them for their flexibility, businesses have embraced them as a means to increase sales. Not only are buyers spurred into making new purchases, but they often spend more than the gift-card amount.

February 9, 2011
Looking to increase cash flow?

Depreciation is a commonly misunderstood area of accounting for property owners. In particular, many shopping center owners fail to approach it in the most advantageous way.

Cost segregation is a bargain tax strategy for shopping center owners

By Eli Loebenberg, ELoebenberg@madisonspecs.com

December 23, 2010
Year-end tax savings for retailers

Proactively managing taxes should always be top of mind for businesses at year-end. Recent Congressional actions and extension of the Bush-era tax cuts are serving as this year’s reminder.

By Scott Balestrier & David Des Roches, BDO.com 
 
Proactively managing taxes should always be top of mind for businesses at year-end. Recent Congressional actions and extension of the Bush-era tax cuts are serving as this year’s reminder. As many retailers seem to be returning to profitability, there are several tax and accounting opportunities that should be considered.

August 3, 2010
Handicapping healthcare reform’s impact on retailers

Federal healthcare reform is now the law of the land, and the Federal agencies with...

By Alden J. Bianchi, ajbianchi@mintz.com

June 5, 2008
Dozens Arrested for Organized Retail Crime in San Jose

Police in San Jose, Calif., along with the IRS and FBI, announced more than a...

January 31, 2008
Healthy Changes at POS

New rules issued by the IRS are affecting the way many retailers process the...