NAMM U Session Recording “New Tax and Labor Laws”
2019 NAMM U Session “New Tax and Labor Laws”
Internet sales tax collection, new labor laws, the Tax Cuts & Jobs Act … what do they have to do with your music retail business? Everything, in fact. And now they’re likely to impact you—big time. So, at The 2019 NAMM Show, music retail financial gurus Alan Friedman, CPA, and Daniel Jobe of Friedman, Kannenberg & Co. hosted a special educational session on these new laws to help you navigate 2019.
As Friedman and Jobe pointed out, these federal and state laws can be complicated and confusing, and ignorance and non-compliance could put your business in financial peril. Fortunately, these potentially disruptive events can be prevented with a little proactive financial management. In this three-part session, the always-entertaining Friedman and Jobe provide a rundown on these new laws and must-know information.
The session offered industry-relevant summaries of: Tax Cuts & Jobs Act, Worker Classification, and Online Sales Tax