New York City has amended its Administrative Code to make it unlawful for food stores and other retail establishments to refuse to accept payments in cash. Food stores are defined as “an establishment which gives or offers...more
The cannabis industry is growing in leaps and bounds, but entrepreneurs interested in developing cannabis companies – as well as business people interested in investing in them – must make certain that they know what they are...more
Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of June 29, 2020 – July 3, 2020... June 29, 2020: The IRS issued a news release announcing that...more
Prior to 2019, just one state – Massachusetts – had legislation on its books mandating that retailers accept cash payments. Since February 2019, four major jurisdictions have passed such legislation....more
The year 2020 is already shaping up to be quite active on the employment law front, and a quarter of U.S. states have yet to convene their 2020 legislative sessions. In January, over 800 labor and employment-related bills,...more
The New York City Council has approved, by a vote of 43-3, a bill that would make it unlawful for most businesses to refuse to accept payments in cash, with limited exceptions. The legislation aims to eliminate what...more
On March 18, the Governor of New Jersey signed a bill making his state just the second to require that certain businesses accept cash as a form of payment....more
The legislative flavor of the month is the movement to outlaw cashless stores. While retailers continue to pursue the holy grail of eliminating the check-out experience altogether with cashier-free stores, states and...more
A bill to ban restaurant and retail establishments in New York City from going cashless has been introduced in the New York City Council. The bill’s sponsor, Council Member Ritchie Torres, introduced the measure amid a...more
The State of Minnesota has joined the growing list of states that are criminally prosecuting business owners for using “zapper” programs to commit tax evasion. Yesterday the Minnesota Department of Revenue and the St. Louis...more
A good point of sale (“POS”) system is critical for any business engaged in sales to the public and having one in place goes a long way to ensuring that revenue and profits are being reported properly to federal, state and...more