Tag "IRS"
Summary of Tip Laws
Tips are any gratuitous payment made by a customer to one who serves the customer. They include cash tips, credit or debit card tips, or tips by check. If an
Preparing For An Audit
How are accounts selected for audit? Audits are a routine procedure used to determine whether state excise taxes are being reported and paid correctly. The majority of businesses audited by
Tip Reporting Alternative Commitment (TRAC)
Disclaimer – You are reading archive content on tip pooling. For the most current information, visit: https://wahospitality.org/tip-pooling/ Requirements for Tip Reporting Alternative Commitment (TRAC) 1. Educate employees about tip reporting.
Weekly Update: WLA challenges ballot title of union-backed Seattle hotel initiative
The WLA filed a ballot title challenge to Initiative 124. We updated members about I-124 in last week’s Weekly (read it here.) We believe the ballot title fails to accurately
Your 1095s are due to the IRS soon
If you employed an average of 50 or more full-time employees (including full-time-equivalent employees) in 2015, or if you offered a self-funded health insurance plan last year, deadlines are quickly approaching for you to file new forms with the IRS under the health care law: Forms 1095-B (Health Coverage) and Forms 1095–C (Employer-Provided Health Insurance Offer and Coverage).
Weekly Update: Minimum wage issue heating up nationally
California and New York acted Monday to push their statewide minimum wages to $15 an hour – the highest in the nation. Meanwhile, wage disparity is a defining issue in the Democratic Party presidential race.
Specialized Tax Incentives for the Lodging Industry
Hotel owners have three major tax incentives available to them, yet most are not taking advantage and consequently losing money. The main three programs that most in this industry are
ACA 2016: Reporting requirements
More than five years after its enactment, the Affordable Care Act (ACA) continues to be one of the top concerns for employers, and rightly so: the ACA is one of
How will tax changes provide more certainty for restaurants?
The bill includes provisions that will allow restaurants to build, expand, invest, improve and hire with more confidence, knowing with certainty how the federal tax code will treat those decisions.
2016 Standard Mileage Rates for Business
The Internal Revenue Service has issued the 2016 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
New IRS rules simplify remodeling deductions
A new Internal Revenue Service announcement will make it easier for qualified restaurants to figure out whether you can expense and deduct the spending immediately, or capitalize and depreciate it over time.
Obama Care Tax Credits available to Family Business
If you are an eligible small business employer, the Small Business Health Care Tax Credit can help you cover the cost of your health insurance coverage. While this sounds inviting to
Relief programs in September 2021 – info and updates
Relief programs in September 2021 – info and updates This is a brief list of programs created to help businesses and employees impacted by the coronavirus pandemic. This list is
ACA 2016 reporting deadlines are still intact
Need help with ACA reporting? – click here On June 25, 2015 the U.S. Supreme Court ruled yet again on the Affordable Care Act, finding that tax credits are available
IRS increases standard mileage rates for 2013
Last week, the Internal Revenue Service has issued the 2013 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.