Getting Ready for the Affordable Health Care Act
Even though the Affordable Health Care Act does not technically begin until January 2014 – you are probably already behind on some required planning and administration issues. The Act is going to require all restaurant operators to know more about health care and the administration of the program than they ever wanted to know. » Read More
Taxable Fringe Benefits, 2% Shareholder
A fringe benefit is a form of pay for the performance of services. For example, an employer provides employee with a fringe benefit when the employee is allowed to use a business vehicle to commute to and from work. Other examples of fringe benefits include: accident & health benefits, dependent care benefits… » Read More
Release of New Temp. Regs. Under 263(A)
The biggest news that came out in 2012 was the long awaited Temporary Regs under 263(a). This clarified the rules categorizing building expenditures into capital improvements or repair expenses. However, one of the most significant rules that has changed under these Regs is the disposition of structural components of buildings. » Read More
IRS Delays Start of Guidance on Tips and Service Charges
The IRS has extended the Rev. Rul. 2012-18, which is the deadline for taxpayers to comply with the proper treatment of service charges, until on or after January 1, 2014. Service charges include mandatory add-ons to food and beverage bills distributed to wait staff by the employer. » Read More
New Laws Facing California Employers In 2013
There are some significant changes regarding California employers’ duties in 2013. This list is an overview of the major changes that employers should consider and be aware of at the beginning of 2013. » More Information