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Fee or Tax? A Retail Delivery Fee Q.&A.

TaxConnex

In what states do you have to watch for retail delivery fees (RDFs)? Minnesota (and Colorado) will auto-register retailers, and there will be a small-seller exemption for companies whose retail sales in the previous year totaled less than $1 million. of the retail selling price. Q: Is this a “tax” or a “fee”?

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January is the Cruelest Month for Retail Refund Fraud

RogerRossmeisl

For many retailers, January isn’t just the first month of the year: It’s “return season,” when customers bring back their unwanted holiday gifts for refunds or exchanges. According to the National Retail Association, consumers are expected to have returned more than $816 billion of merchandise (almost 17% of goods sold) in 2022.

Retail 231
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Retail Sales and Wages Grew in March

CPA Practice

Retail sales grew at a steady pace in March, according to the CNBC/NRF Retail Monitor , powered by Affinity Solutions, released today by the National Retail Federation. “As For the first quarter, total retail sales were up 2.65% year over year and core sales were up 3.12%. That compared with increases of 0.4%

Sales 105
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March Saw Increase in Job Growth and Retail Sales

CPA Practice

Retail sales continued to increase in March along with job growth and tax refunds, which put more money in shoppers’ pockets, according to data from the U.S. While sales were mixed, several factors supported retail sales including an early Easter holiday, slightly larger 2023 tax refunds and stronger payroll growth over the last three months.

Sales 119
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Retail Industry is Largest Private Employer Segment in U.S.

CPA Practice

The retail industry supported 55 million full-time and part-time jobs in 2022, accounting for 26% of total U.S. employment, according to a new report released today by the National Retail Federation. Retail Industry examines the direct, indirect and induced contribution of the retail industry to the U.S.

Retail 116
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Monthly Retail Imports to Hit Highest Level Since 2022

CPA Practice

Monthly inbound cargo volume at the nation’s major container ports is expected to reach its highest level in nearly two years this summer, according to the latest Global Port Tracker report from the National Retail Federation and Hackett Associates. The first half of 2024 is expected to total 12.1 Imports during 2023 totaled 22.3

Retail 69
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Retail Sales Up 2.5% Year-Over-Year

CPA Practice

Retail sales kept up a long streak of year-over-year gains in October even though the rate of growth continued to slow, according to a statement from National Retail Federation Chief Economist Jack Kleinhenz. Census Bureau’s most recent release of monthly retail sales data. His remarks were in response to the U.S.

Retail 111