More and more businesses rely on marketplace facilitators to put their products in front of customers. But what exactly is a marketplace facilitator? And if they are selling your goods, who's paying the sales tax? Brandon Mills, CPA answers these…
But sometimes, it takes time and perseverance! In 2021, the Kansas Department of Revenue (KDOR) disallowed the wage modification for wages qualifying for the Federal Employee Retention Credit (ERTC). At the federal level, wages that generate a federal credit cannot…
In the fast-paced restaurant industry, high employee turnover is a significant issue with profound implications for productivity and profitability. A revolving door of staff members can lead to inconsistent service, lack of continuity, and a persistent need for training new…
The 2024 Mize Finance Meeting was truly an event to remember. We hosted McDonald’s owners from all over the country at the beautiful Arizona Biltmore Resort. This was our 16th annual Finance Meeting and the highest attendance we've ever hosted,…
In the fast-paced restaurant industry, transactions are increasingly automated and the risk of fraud aimed at back-office operations is on the rise. As technology evolves, so do the tactics of cybercriminals. Safeguarding transactions and educating employees about the threat landscape…
My role at Mize CPAs has its perks. First, I get to work with some of the greatest clients in the world, McDonald’s Owner/Operators! Second, I am tasked with visiting the location of our annual Finance Meeting. I need to…
Many businesses in certain industries employ individuals who receive tips as part of their compensation. These businesses include restaurants, hotels and salons. Tip definition Tips are optional payments that customers make to employees who perform services. They can be cash…
It’s no secret that many employees struggle with making their funds stretch until to payday. Earned wage access (EWA) is an employee benefit that has emerged in recent years as a way for employees to meet their financial needs in…
The next quarterly estimated tax payment deadline is June 15 for individuals and businesses so it’s a good time to review the rules for computing corporate federal estimated payments. You want your business to pay the minimum amount of estimated taxes…
For 2021 and 2022, your Uncle Sam has increased the tax deduction for business meals from 50% to 100% for food and beverages provided by a restaurant – including the tip, sales tax, and any delivery fees. This win-win for…
If you’re self-employed and travel for business, your spouse might travel with you. Are their travel expenses tax deductible? The short answer? Probably not, unless your spouse is an employee of your company. If that’s the case, their travel costs…