December 12, 2018
Courtesy of NACS
Convenience stores contribute or collect more than $1 billion to charities annually, according to a national survey of retailers released today by NACS.
Overall, 95% of convenience stores support charitable causes, with 66% of these stores supporting five or more charitable causes. Nearly all companies support local charities (91%) such as church groups, shelters, food banks and other non-sports groups. And approximately half of all retailers (47%) also support national charities. Also, more than three in four retailers (76%) contribute to youth sports groups and more than two-thirds (69%) contribute to local schools via PTAs and other fundraising activities.
December 6, 2018
Courtesy of Moore Colson
In April 2018, the IRS released temporary guidance on the amended limit on deductions for business interest expense for tax years beginning in 2018. Taxpayers were allowed to rely on that guidance while waiting for regulations. The IRS has now published proposed regulations that taxpayers can rely on until final regs are released. The proposed regs significantly expand on the temporary guidance. They include, among other notable provisions, a broader definition of interest than businesses have applied in the past.
November 29, 2018
Thank you to everyone who participated in our 16th annual Southern Convenience Store and Petroleum Show. The Show was held November 15 in Macon, GA and featured a Convenience Store Against Trafficking seminar and an expo floor with over 170 exhibitors.
We hope you’ll join us next year, September 12, at The Classic Center in Athens.
November 23, 2018
Parker’s CEO Greg Parker recently made a $5 million gift to the Georgia Southern University Foundation, Inc. – the single largest gift in University history – to support the College of Business. On Nov. 13, the University System of Georgia Board of Regents approved the naming of the Parker College of Business at Georgia Southern University, with campuses in Statesboro, Ga.; Savannah, Ga.; and Hinesville, Ga.
November 21, 2018
At the 13th Annual McDonald Oil/Summit Stores Golf Classic raised more than $40,000 for the Muscular Dystrophy Association (MDA).
The money raised helps provide services to patients with muscle diseases. It helps provide a summer camp for children ages 8-17, it supports MDA’s worldwide research program and national network of 150 medical care centers, including the MDA Care Centers at Emory and Children’s Healthcare of Atlanta in Atlanta, GA.