Gift cards can provide many great benefits for retailers. They not only serve as a way to promote the retail store and bring in new customers, but also provide an increase to the store's cash flow, often well before the gift card is redeemed. One challenge that many retailers encounter is determining how to properly treat the sale of the gift cards on their income tax returns.
The following article shows some of these challenges and how to handle them.
http://www.pizzamarketplace.com/blog/4825/Navigating-gift-card-taxation
If you have any question on how Microsoft Dynamics RMS can help you to handle these challenges, please feel free to contact us at EZB Solutions.
Ricardo Bezerra
EZB Solutions
ricardo@ezbsolutions.com
http://www.ezbsolutions.com
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