If you own a business and have a child in high school or college, hiring him or her for the summer can provide a multitude of benefits, including tax savings. And hiring can make more sense than ever due to…
The Tax Cuts and Jobs Act (TCJA) includes many changes that affect tax breaks for employee benefits. Among the changes are four negatives and one positive that will impact not only employees but also the businesses providing the benefits. Four…
As one of the most contentious and potentially confusing issues in the restaurant industry, tipping rules continue to be a moving target with the Department of Labor (DOL) and the restaurant industry. On a recent conference call with National Restaurant…
The Internal Revenue Service recently released the 2018 Form W-4 and also the updated Withholding Calculator. Both required updates after the passing of the Tax Cuts and Jobs Act in December. The IRS urges taxpayers to use these tools to…
Quick – what’s the minimum wage? If you answered $7.25/hour, you’re correct. If you answered $11.50/hour or even higher, you’re also correct – it depends on where your business is located. The federal minimum wage is $7.25/hour, but 18 states…
