On October 1, liability shifted from the credit card processor to the merchant for fraudulent transactions for merchants that do not process in-person transactions using EMV technology. According to a recent survey, only 27% of merchants have shifted to EMV. However, 44% should have made the shift by the end of this year. If you haven’t already adopted EMV, talk to your card processor.
Are you self-employed? There’s a book for that! For essential year-round tax planning and critical business strategy, you’ll want your copy of J. K. Lasser’s Guide to Self-Employment: Taxes, Tips and Money-Saving Strategies for Schedule C Filers - available on Amazon!
