New Gift Cards Rules and Your Small Business
Posted by Chad BordeauxThursday, August 26th, 2010
As part of the Credit Card Accountability Responsibility and Disclosure Act of 2009, Congress took aim at many of the practices surrounding gift cards purchased by consumers. If your business issues gift certificates or gift cards, you will want to be familiar with the rules which took effect August 22, 2010.
In this short video, I explain the major provisions of the new gift card rules.
To read the final rule, as issued by the Federal Reserve, click here (opens as .pdf.)
Chad is a Charlotte CPA who works with small business owners and invidiuals on a monthly basis to provide them with proactive guidance and advice on how to grow their business, minimize their tax liabilities and grow their bottom line. You can find our more about Chad by visiting his profile here: Chad Bordeaux
