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New Mexico Lawsuit Sparks Marijuana Business Tax Debate

PYMNTS

A lawsuit in New Mexico is reigniting the debate over marijuana business taxes, only this time, the controversy surrounds how to classify these companies under state tax code. Recent reports in the Santa Fe New Mexican said medical marijuana operator Ultra Health , based in New Mexico, has filed a lawsuit with the state’s Taxation and Revenue Department (TRD), arguing that the company should receive a $1.5

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New Mexico State Tax Updates

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Blogs

The Taste Of New Mexico In A Subscription Box

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Entrepreneurs are sometimes inspired to create companies based on a place where they have strong ties: Eric Smith was born as well as raised in New Mexico and co-founded Nuevo Food Box , which offers a subscription box of food highlighting the flavors of the state. His wife, Jordan, was recruited for University of New Mexico basketball for the Lady Lobos. The aim is to make sure that the selections meet the standard of giving people a “little taste of New Mexico.”

Trends: Are sourcing rules changing (and making anything easier)?

TaxConnex

Other states are also changing: New Mexico switched to destination-based sourcing for both in-state and out-of-state sellers almost a year ago. “Sourcing” or as we often call it, situsing, is key when you determine sales tax obligations: It refers to the location where a sale is taxed.

What's New in Sales and Use Tax?

TaxConnex

Anecdotally, sales tax revenue for local governments in the state of New York state rose 49.2% Tim Walz has signed an omnibus tax bill that included new exemptions and considerations for businesses required to make June accelerated sales tax payments.

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Sales tax and accounting services

TaxConnex

Several states levy their sales tax or its equivalent on services, among them Hawaii (which has a general excise tax, or GET), and New Mexico. It’s that time of year again when everyone suddenly thinks about preparing their income taxes.

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Monthly Sales and Use Tax Update

TaxConnex

The Illinois Department of Revenue has updated its FAQs for marketplace facilitators, marketplace sellers and remote sellers, revised its “Leveling the Playing Field Retailer Flowchart” and published the “What’s New in 2021 for Remote Retailers and Marketplace Facilitators PowerPoint Presentation.”.

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Sales Tax on Shipping: When Does it Apply?

TaxConnex

When only some of the contents of a shipment are taxable, the shipping charges must be pro-rated in Minnesota, New Jersey, North Carolina, North Dakota, Ohio, Rhode Island, South Dakota, Vermont, Washington and Wisconsin (where a “reasonable allocation” is required).

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State Legislative Update: Tax Relief Opportunities and New Tax Obligations Enacted in 2022

ThomsonReuters

These legislative highlights have been grouped into two categories: new opportunities for tax relief and new tax obligations. Tax Relief Enacted in Delaware, Florida, Georgia, and New Mexico. New Mexico Rebates and Relief Payments.

Preparing Your Business for Sales Tax Holidays

TaxConnex

New Mexico, however, allows retailers to opt-out of its gross receipts tax holiday. Another new Tennessee holiday, for instance, runs from July 1 through June of next year and eliminates sales tax on purchases of such items as gun safes and gun safety devices.

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Sales Tax and Business Services – Your Top Questions Answered

TaxConnex

New Mexico, Hawaii, and South Dakota tax a variety of services. Companies that perform services often see themselves as tax exempt, and in many cases that is true, but there are certain states andsituations in which that is not the case.

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Google Slapped With Antitrust Lawsuit Filed By Coalition Of 38 States

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A coalition of 38 state attorneys general filed an antitrust lawsuit against Google , accusing the search giant of engaging in anti-competitive practices, the Associated Press (AP) reported on Thursday (Dec. The federal lawsuit was filed in Washington, D.C.

MainStreetEXPO.com Aims To Help Small Merchants With New Platform

PYMNTS

The website is now being piloted with retailers from Montana, Colorado, Texas, New Mexico, Massachusetts and Maryland.

JD Sports Purchases California-Based Shoe Palace

PYMNTS

More than 50 percent of the retail locations are in California, but the retailer has an “established retail presence” in Hawaii, New Mexico, Colorado, Florida, Arizona, Nevada and Texas. Genesis Holdings Inc.,

New Unemployment Claims Down 48K To 709K

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24 were in Hawaii (9.9), California (8.9), New Mexico (8.5), Nevada (8.2), the Virgin Islands (7.1), Massachusetts (7.0), Puerto Rico (6.9), Georgia (6.8), District of Columbia (6.5) Another 709,000 Americans filed for first-time unemployment benefits the week ending Nov.

Pandemic Puts Retail And NRF On Front Lines Of New Surge In Cases

PYMNTS

10) the NRF filed a request under the New Mexico Inspection of Public Records Act to release information related to new restrictions placed on retailers and eateries, as the state experiences a spike in COVID-19 cases. A new report from Bain & Co.

Last Labor Report Before Election Shows Drop In US Jobless Claims

PYMNTS

Since the week ending March 20, more than 55 million individuals have filed for new unemployment insurance claims. 17 were in Massachusetts (+5,442), Kansas (+3,010), Virginia (+2,255), Texas (+616) and Minnesota (+493), while the largest decreases were in California (-16,207), New York (-11,495), Georgia (-9,274), Florida (-7,834) and Michigan (-7,774). Seasonally adjusted initial unemployment claims dipped to 751,000 the week ending Oct.

Bitcoin Daily: Argentina's Crypto Exchanges See Record Growth In 2020; JD.com Sees 20,000 Digital Yuan Transactions In 24 Hours

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CoinDesk reported that the country's economic struggles, including large debt obligations and high inflation, were expedited by the pandemic, and all of it drove many Argentinians to seek out new, alternative ways to store money.

Ecommerce Accounting 101

xendoo

There are 12 origin-based states, including New Mexico and Virginia. They can tell you when you have the funds to hire a new employee or when you should cut back on overtime pay.

Purdue Federal Credit Union Selects Payrailz For Payment Services

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In February, news surfaced that Payrailz unveiled the addition of four new investors to CU Railz, including Indiana’s Evansville Teachers Federal Credit Union; California’s Unify Financial Credit Union; New Mexico’s Nusenda Credit Union; and Florida’s Pen Air Federal Credit Union.

Powering Protein Snacks With eCommerce And Rockfish

PYMNTS

He also partly grew up on a cattle ranch in New Mexico.) After working in research, Mendoza left his job and career to move back to New Mexico. With fish jerky, Mendoza said his company is building out a new “edge of the category in the market” for meat-based snacks. OneForNeptune Founder and CEO Nick Mendoza was a marine scientist before starting his fish jerky business scaled from small-scale fisheries. (He

USDA?s SNAP Benefits Can Used In 25 States, DC To Buy Groceries From Amazon

PYMNTS

Amazon customers can now use Supplemental Nutrient Assistance Program ( SNAP ) benefits in more states, according to a statement from the eCommerce giant.

Travelers Expands Amazon Smart Home Program

PYMNTS

The Travelers Companies announced 11 new states where eligible customers can receive a smart home kit discount via the insurance firm’s first digital Amazon storefront. The new states enjoying these perks now include Alabama, Arizona, Connecticut, Idaho, Illinois, New Jersey, New Mexico, Oregon, Tennessee, Texas and Utah. “We’re

Idaho 50

Casino Reopenings Draw In Gamblers Despite Online Gaming Surges

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Casinos in Lake Charles and in the vicinity of Shreveport in addition to casinos in Baton Rouge and in the suburbs of the New Orleans area had the ability to open again beginning on Monday. New Jersey made closing orders for its physical casinos on March 16.

Amazon’s Whole Food Discounts Are Rolling Out Across Dozens Of States

PYMNTS

As of today, the extra benefits are available at Whole Foods Markets in Arkansas, Colorado, Florida, Idaho, Kansas, Kansas City, Missouri, Louisiana, New Mexico, northern Nevada, northern California, Oklahoma, Texas and Utah. The Prime rewards are coming; the Prime rewards are coming. Such is the hue and cry set to go off in about a dozen states, as Amazon is starting to ramp up its discounting for Prime members in Whole Foods locations nationwide.

Amazon Vet To Head Pharmacy Unit

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Amazon chose a 14-year company veteran to head up its new pharmacy business. The report noted that PillPack has filed for several new pharmacy licenses, most of which are to secure clearance to ship drugs from its warehouse in Phoenix to customers. Analysts have also identified additional licenses for operations in Washington, New Mexico and Indiana.

Emergent Technology Invests In Trust Stamp To Verify Identities

PYMNTS

It is also being piloted to fight human trafficking by the Attorneys General of New Mexico and Guanajuato, Mexico, with a future rollout planned for additional U.S. Emergent Technology, the blockchain technology company, announced on Tuesday (Sept. 25) that it has made a strategic investment in T Stamp Inc.

Amazon Said To Roll Out PillPack Service To Employees

PYMNTS

However, new reports from CNBC on Wednesday (Nov. The publication said PillPack recently filed for several new pharmacy licenses, most of which are to secure clearance to ship drugs from its warehouse in Phoenix to customers, reports said. Analysts at Jefferies have also identified additional licenses for operations in Washington, New Mexico and Indiana, which could signal bigger plans for Amazon as well.

PetSmart Continues Brick-And-Mortar Expansion With More Store Openings

PYMNTS

Pet goods retail chain PetSmart announced Thursday it had opened 28 new brick-and-mortar storefronts in North America during the quarter that ended Nov. 1, 2017, with new locations spanning the United States and Canada. In a press release, the company said the latest expansion efforts add to the 35 new stores launched during the first half of the fiscal year, bringing the total count of store openings in the region to 63 stores. New U.S.

Grubhub, BJ’s Restaurants And Brewhouse Announce Partnership

PYMNTS

As of right now, Grubhub delivery and corporate catering are available at 100 participating BJ’s Restaurants and Brewhouse locations in the states of California, Colorado, Florida, Kentucky, Maryland, Nevada, New Mexico, North Carolina, Ohio, Oregon, Pennsylvania, Arizona, Texas, Virginia and the District of Columbia.

BBVA, Prosper Partner To Offer Easier Home Equity Loans

PYMNTS

Online lending marketplace Prosper has teamed up with BBVA USA to offer a new way for consumers to apply for a home equity line of credit (HELOC), which involves significantly less paperwork and waiting than traditional means, according to a release. BBVA USA, which has a large presence in Alabama, Texas, Arizona, New Mexico and Colorado, has worked with Prosper to provide its institutional knowledge of HELOC applications while the new initiative was being developed. “We

BBVA, Prosper Partner To Offer Easier HELOC Application Process

PYMNTS

Online lending marketplace Prosper has teamed up with BBVA USA to offer a new way for consumers to apply for a home equity line of credit (HELOC), which involves significantly less paperwork and waiting than traditional means, according to a release. BBVA USA, which has a large presence in Alabama, Texas, Arizona, New Mexico and Colorado, has worked with Prosper to provide its institutional knowledge of HELOC applications while the new initiative was being developed. “We

Kroger Expands Home Chef Meal Kit Offerings To New Stores

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“Kroger continues to redefine the customer experience and provide new ways to shop for, prep and cook meals through exciting brick-and-mortar and digital experiences,” Robert Clark , Kroger’s senior vice president of merchandising, said in a press release. We look forward to the continued growth of Home Chef in 2019 through expansion and new products.”

Federal Paid FMLA May Be Out While States Consider Possibilities

ThomsonReuters

California, Connecticut, the District of Columbia, Massachusetts, New Jersey, New York, Rhode Island, and Washington have Paid Family and Medical Leave Insurance (PFMLI) programs with employers and/or employees contributing to the fund. New Hampshire. New Mexico.

Vaccine Distribution Hits Snags; CVS And Walgreens Caught In Crossfire

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For example, New Jersey Governor Phil Murphy expressed frustrations with both companies last week about their distribution efficiency at nursing homes, a complaint that was immediately refuted by both companies. “We

From Russia, With Malware: US Charges Hackers In $100M Bank Fraud

PYMNTS

And here’s perhaps a new wrinkle in the hacker model, with Wired reporting: “Evil Corp was apparently also in the franchise business. Call it Russian interference of a different sort that netted $100 million from banks and financial institutions (FIs) in more than 40 countries.

Iowa 52

From Russia, with Malware: US Charges Hacking Group Evil Corp. In $100M Bank Fraud

PYMNTS

And here’s perhaps a new wrinkle in the hacker model, with Wired reporting: “Evil Corp was apparently also in the franchise business. Call it Russian interference of a different sort that netted $100 million from banks and financial institutions (FIs) in more than 40 countries.

Iowa 52

Darden Cyberattack Puts 567K Cards At Risk

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Darden said the Cheddar restaurants impacted are located in Alabama, Arizona, Arkansas, Delaware, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Michigan, Missouri, Nebraska, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Texas, Virginia, and Wisconsin. Darden Restaurants announced Wednesday (August 23) that the data on 567,000 payment card numbers may have been exposed.

Employer Vaccine Mandates, Worker Refusals, and Unemployment Benefits

ThomsonReuters

New Hampshire. The New Hampshire Employment Security (NHES) has released FAQs regarding unemployment eligibility and employer vaccine mandates. New Jersey. New Mexico. New York. Overview. The U.S.

2022 Minimum Wage and Overtime Salary Threshold Increases

ThomsonReuters

A new year brings minimum wage increases in 21 states while Connecticut and Florida will increase their minimum wage rates later in the year. New Jersey. New Mexico. New York. New York City.

Casey’s Considers $2B Kroger Convenience Store Acquisition

PYMNTS

The sale included the Stripes brand, a food-focused convenience store chain popular in Texas, Louisiana, New Mexico and Oklahoma. Under pressure from an activist investor, JCP Investment Management, convenience store chain Casey’s General Stores has reportedly placed an initial bid to acquire grocer Kroger’s $2 billion C-store business. That line operates under brand names like Kwik Shop, Turkey Hill and Tom Thumb, CNBC reported Friday (Jan.

Iowa 44

Costco Is Finally Testing Curbside Pickup, But Is It Too Little, Too Late?

PYMNTS

Costco is waving the white flag and testing curbside pickup at three New Mexico locations after long resisting the idea. But is it too little, too late in an era where consumers are demanding a range of convenient pickup and delivery options?