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Category: Retail Industry

Stay up-to-date on the latest trends and insights in the retail industry with Retail News. We bring you the latest news, analysis, and insights on everything from sales tax to state tax.

From Milk Prices to Creamery Gains: A Comprehensive Look

Agriculture & Forestry Industry, All News, Food & Beverage Industry, Manufacturing Industry, Retail IndustryGlen Erdman Partner EALeave a comment

Navigate the challenges of unpredictable commodity prices in the dairy industry with MBE CPAs. Explore strategies to maintain profitability and…

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Evolving to Fulfill Customer Needs in Real-Time

All News, Consumer Services Industry, Food & Beverage Industry, Manufacturing Industry, Retail IndustryBrett LeibfriedLeave a comment

Digital transformation has made instant results the norm. It's time to shift your focus from asking what the customer expects…

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Key Unseen Factors for Effective BOI Reporting

All News, Consumer Services Industry, Food & Beverage Industry, General Business, Hospitality, Manufacturing Industry, Retail Industry, Transportation & Auto IndustryGreg PatelLeave a comment

Changes that typically happen in your business might be triggers for the updated filing of your BOI reports. Read more…

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Planning Your Exit for Long-Term Success

All News, Construction Industry, Consumer Services Industry, Food & Beverage Industry, General Business, Hospitality, Manufacturing Industry, Professional Services Industry, Retail Industry, Retirement & Financial PlanningRyan Weber - Partner, CPA, CVALeave a comment

Thinking of selling your business? A well-planned exit strategy maximizes your return and minimizes taxes. Learn the 5 essential steps…

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Farm to Doorstep: How Technology is Transforming Local Food Access

Agriculture & Forestry Industry, All News, Consumer Services Industry, Food & Beverage Industry, Retail IndustryMBE CPAsLeave a comment

The journey of fresh produce from farm-to-table is long – production, harvest, sorting and grading, cleaning, packaging, pre-cooling, delivery, display,…

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Digital-Only Coupons

All News, Consumer Services Industry, Food & Beverage Industry, General Business, Retail IndustryMBE CPAsLeave a comment

The digital-only coupons takeover has transformed the speed of transactions for shoppers, and improved efficiencies & reduced costs for retailers.…

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MSBB Grants Program

All News, Consumer Services Industry, Food & Beverage Industry, General Business, Real Estate Industry, Retail Industry, Tax Alerts & UpdatesMBE CPAsLeave a comment

The new deadline may seem far off but now’s not the time to dawdle, as the grants will be disbursed…

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Getting Schooled on Inflation

All News, Consumer Services Industry, General Business, Retail IndustryMBE CPAsLeave a comment

The effects of inflation on back-to-school retailers can be short-term or long-term depending on how you act and keep up…

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New Updates on the Corporate Transparency Act (CTA)

On December 23, 2024, a federal district court in the state of Texas has issued a nationwide injunction against the enforcement of the Corporate Transparency Act and its Beneficial Ownership Information (BOI) reporting requirement labeling it as “unconstitutional” (Texas Top Cop Shop v. Garland). At this moment, fines and penalties are not enforceable for not completing the BOI filing by the initial 1/1/25 deadline and reporting companies need not comply with the deadline until further order of the court. On December 5, 2024, the U.S. government filed an appeal against the preliminary injunction. It is still encouraged to file the BOI reports, or at a minimum, be ready to file at a moment’s notice. If the injunction is overturned, reporting companies will still need to file the BOI reports to stay in compliance and avoid penalties. If you have already completed your BOI filing, you are viewed as being in good standing with the Financial Crime Enforcement Network (FinCEN). We will update you with more information from the court case when it is provided.