TCJA changes to employee benefits tax breaks: 4 negatives and a positive
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…
Trump’s Omnibus Bill Passes with New Tipping Rules and Prevents Employers from Keeping Tips
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…
Updated Form W-4 and Withholding Calculators Released
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…
Minimum Wage Applies to All Employees, Not Just Hourly
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…