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The latest about the hospitality industry.

Tip reporting and IRS Form 8027: What fast-food businesses need to know

Tip reporting and IRS Form 8027: What fast-food businesses need to know

As a fast-food business owner, staying on top of tax regulations and requirements is important to avoid penalties and ensure compliance. One such form that may impact your business is the IRS Form 8027. This form is used to report tips received by employees in certain food and beverage establishments. Failing to file this form or inaccurately reporting tips could result in hefty fines for your business. Here is whatyou need to know about IRS Form 8027 and how it applies to your fast food business.

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5 things you need to know about California’s FAST Act

5 things you need to know about California’s FAST Act

Governor Gavin Newsom signed the Fast-Food Accountability and Standards Recovery Act (FAST Act) into law this week. Here’s what you need to know about this new law, its impact on California restaurants, and the prospects of similar legislation becoming law in Washington.

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