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'Mega Monday' expected to set records for shopping, returns

ATLANTA -- It's the biggest gift return day of the season, and experts predict "Mega Monday" could be as big as Cyber Monday or Black Friday.

Retailers slashed prices to entice customers already heading to stores to exchange gifts and hunt for after-Christmas bargains.

"Thirty-five percent more people will be returning this year, than last year," said Janice Lieberman, Consumer Correspondent for the Today Show. "For every dollar spent during the holiday, almost ten cents of it is returned." 

Some store make returns much easier than others. 

Sears may be the number one easy return store because they not only readily accept returns, but they extended their return window to 120 days through this holiday season.

Postal Service to delay plant closings

WASHINGTON -- The U.S. Postal Service, which earlier this month announced plans to close more than half of its 461 mail-processing plants, now says it won't move forward on the closings until next May.

"In response to a request made by multiple U.S. Senators, [the Postal Service] has agreed to delay the closing or consolidation of any post office or mail processing facility until May 15, 2012," the agency said in a statement.

The Postal Service did not identify any of the senators.

Under review for possible closure in Georgia are facilities in Acworth, Albany, Athens, Augusta, Cartersville, Columbus, Douglasville, Marietta, Savannah, Swainsboro, Valdosta and Waycross.

Rattigan Enterprise to open in Douglasville

Rattigan Enterprise to open in Douglasville

DOUGLASVILLE, Ga. -- Join Mayor Mickey Thompson and your neighbors for the special grand opening of Rattigan Enterprise, LLC in downtown Douglasville.

The ribbon cutting will take place at 1 p.m. on Wednesday, Dec. 14 at 6800 Broad Street. A reception with free refreshments will follow.

Rattigan Enterprise offers television and electronic repairs, and are a certified warranty repair service center for many major brands. Its CEO and president, Pete Rattigan, has more than 35 years of experience in the repair business.

First Data: Consumers held back on spending until end of Nov.

First Data: Consumers held back on spending until end of Nov.

SANDY SPRINGS, Ga. -- Consumers knew better deals were coming on Black Friday and held back on spending until the end of November, according to First Data's latest SpendTrend report.

VIDEO: Black Friday brawl at Ellijay Walmart

The privately held Sandy Springs-based electronic payments company reported year-over-year dollar volume growth was up 7.3 percent in November, down from October's 9.4 percent jump.

Dollar volume growth was 8.1 percent, while transaction growth was 6.1 percent in November.

Metro Atlanta postal facilities face chopping block

Metro Atlanta postal facilities face chopping block

ATLANTA -- The U.S. Postal Service is moving ahead with plans to close some Georgia mail facilities, part of a nationwide effort to cut costs. Officials predict the closings would also slow the delivery of first-class mail.

The cuts would close 252 of the nation's 461 mail processing centers beginning next spring. They would result in the limination of roughly 28,000 jobs.

The Georgia facilities in danger of closing are in Acworth, Albany, Athens, Augusta, Cartersville, Columbus, Douglasville, Marietta, Savannah, Swainsboro, Valdosta and Waycross.

The cuts are part of $3 billion in reductions aimed at helping the agency avert bankruptcy next year. They would virtually eliminate the chance for stamped letters to arrive the next day, a change in first-class delivery standards that have been in place since 1971.

Preparing for Taxageddon: Interstate Tax Strategies is Helping Atlanta Disarm Tax Time Bombs

Preparing for Taxageddon: Interstate Tax Strategies is Helping Atlanta Disarm Tax Time Bombs

 

With the United States’ growing unemployment rate and rising deficit, state governments have become very aggressive at finding additional tax revenue. They are actively looking for companies that they can audit and assess for back taxes. According to Internet Retailer, e-commerce rose 14.8% in 2010, creating a golden opportunity to help states, including Georgia, supplement their income. More and more local businesses are hearing the word “nexus” brought into play, leaving a thin line in sales tax obligations. Regardless of the industry, companies with customers in multiple states should carefully evaluate the tax filing requirements and the tax rules where their customers are located. 

Interstate Tax Strategies P.C. is working to correct sales tax problems for multistate businesses—before the auditor arrives!

State tax credit program raises $50M for scholarships

State tax credit program raises $50M for scholarships

ATLANTA -- The Georgia Department of Revenue stamped its approval on $50 million in donations under the Georgia Scholarship Tax Credit Program.

The program lets people and businesses get tax credit for donations to scholarships for Georgia children to attend private schools.

Fifty million dollars is the most allowed under the program. In 2012, the statewide cap on donations will increase by the annual increase in the Consumer Price Index until 2018.

Individuals can donate up to $1,000, while married couples have a donation cap of $2,500. Corporations can donate up to 75 percent of their state income tax liability.

The American Federation for Children estimated more than 6,000 students last year got scholarships to attend private schools through the program.