Called Nexus News Today

Central america, but having another production facility so far away turned into much more of a burden than a benefit. >> it took us about seven years to really get a foothold and to start everything working the direction we wanted it to work. and it was a tough seven years. >> sun dogs general manager allison moser says the operation felt scattered. >> one of the things i do up here is make sure all of our employees and all the different production lines are set. you know, everybodys got plenty ...

Well. and here again, the key thing is the emv reader which combines with this via bluetooth. thats one system. this system is about -- they sell a package of this for -- >> turn it on quickly. >> sure. give or take for about $80 a month. and the key with these is the software youre purchasing. thats the software youre purchasing on these. >> turn that one on. >> we have a system here from elo. this is another pretty cool system for small business owners. ill hit the print button. so jj just bou...

Speeches so they have a greater impact on your listeners. a lot of small business owners dream of getting that big contract. but sometimes working with them may turn out to be a disappointment. we visited one small business owner who found the road to growth was actually cutting those ties. >> is the best thing about it was that roller coaster ride was over. it was a good decision to avoid the big box stores. >> he knows a thing or two about working with big brands. >> the kohls, walmarts, kma...

You dont want that thing sitting there waiting for ten seconds. so its a big deal for small businesses where budgets are tight. >> thats the reader. theres the fact a lot of p.o.s. systems dont read it. >> those who have traditional point of sale systems or cash registers, that is a problem. theyre traditional, hard to update and you need new ones. its like having a tesla. you hear the other car manufacturers have to go back. tesla says we updated it via software update. those with new systems, ...

You have a great cpa, but theres a thing called nexus. we need to make sure if you have a nexus in a state, the state will require you to pay some sort of sales tax. it pays for police and roads and fire and schools and that kind of stuff. the good thing is there are a lot of software packages that will calculate your sales tax for you and they are integrated with certain accounting softwares or point of sales system. >> theres a lot of layers when it comes to sales tax whether its state, local,...

But in general or october 1st as you said, if youre not emv compliant, you will be 100% accountable. >> how much time is this going to take me? how much money is it going to take me to switch over? >> two components are important. one is an emv reader. which accept the credit card. >> right. >> the second is your point of sale system that works with the reader. if you have those two things, youre set. those who have it have an emv compliant point of sale system. the key thing is to have the read...