2023 Labor Law Compliance Standards

February 6, 2023By KROST CPAs

Have you updated your Labor Compliance Posters since the start of the new year? Federal, state, and local governments have updated labor compliance standards for 2023. The primary requirement for communicating these updates to your teams is through labor law compliance posters. These posters communicate the details of the current, new, and updated laws. Employers Read the full article…

IRS Announces New Tip Reporting Program

July 28, 2006By Anna Chen

Publication: IRS Website WASHINGTON — The Internal Revenue Service today released formal guidance on its new tip reporting procedure, the Attributed Tip Income Program (ATIP) ATIP expands the existing IRS tip reporting and education program by offering employers in the food and beverage industry an additional tip reporting program. ATIP reduces industry recordkeeping burdens, has simple Read the full article…

The ABCs of Watching Out For Employee Theft

October 25, 2005By Anna Chen

Publication: KROST Monthly News Release Approximately 95% of all businesses now experience some type of employee theft totaling an estimated $52 billion dollars a year. Cash-based businesses such as restaurants and bars are even more vulnerable to theft by employees. While it would be nearly impossible to eliminate employee theft and dishonesty completely, we can gain Read the full article…