Employer Mandate Begins

It was passed into law some 5 years ago, but with the ball falling in Times Square this New Year’s Ever, the Obama Care employer mandate officially took effect. Beginning for 2015, all companies with 100 or more full-time employees must offer an affordable health plan to 70 percent or more of their employees or…

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Real Laws Are Changing Too

With the New Year arriving, so too are changes to laws in the states around the country, and these changes were actually passed by the states’ legislative bodies!  We reported to you last week that the minimum wage was increasing in some 21 states around the country as of January 1, 2015 and we think…

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And, Finally . . .

At long last, it appears that the so-called Tax Extender Bill has passed both branches of Congress and is awaiting the President’s approval!  Once the President signs the bill as expected, a host of tax credits will have been reinstated retroactively for 2014 – but believe it or not, they’ll expire again in another 12…

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President’s Veto Threat A Death Knell for Tax Extenders

In what surprised many observers, a bipartisan compromise bill to re-authorize a number of business-friendly tax credits that had been allowed to expire last year, was likely killed by the White House when the President threatened to veto the compromise legislation.  Most important to many in the QSR industry, the “Tax Increase Prevention Act of…

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Wait Til You See How Expensive It Is When It’s Free!

The state of Georgia not only believes that free has a value, it thinks free should be taxed as well.  Believe it or not, we’re advised by a number of franchise owners in Georgia that the Peach State is demanding tax payments on promotion items even when those items are given away at no charge! …

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Other Ballot Initiatives

As though minimum wage battles at the local, county and state levels were not challenging enough, there were a number of other issues decided on various state and municipal ballots that members should be aware of.  Staying on the west coast for a moment, making headlines on another issue this week, Berkeley, CA voters approved…

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Newest Tax Climate Index – Trick or Treat!

As our children prepare to celebrate Halloween this evening, businesses across the country are being subjected to the governmental version of tricks & treats, as well, depending upon the state within which they operate their businesses.  The Tax Foundation released their annual Tax Climate Index this week identifying states by their business-friendliness rating.  For the…

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US Treasury Restricts Tax Inversions

While the Burger King acquisition of Tim Horton’s a few weeks ago caught many unaware, seemingly none more so than the United States Treasury Department.  A few weeks after BK acquired Tim’s and undertook a tax inversion that will save the company significant money in tax liability, the Treasury has promulgated new rules that make…

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Bonus Depreciation Clears US House

In a significant breakthrough, the US House has passed a bill making so-called bonus depreciation permanent and extending its coverage to stores that are owned as well as those that are leased.  By a 258 – 160 vote last week, the House sent the measure to Senate, where it has enjoyed wider support and stands…

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House Votes to Extend Section 179 Expensing

The US House last week by a vote of 272 – 144 approved the reinstatement of Section 179 expensing, one of the important tax extenders that was allowed to expire at the end of 2013.  When Section 179 expensing expired, the limit for taxpayers dropped from $500,000 to $25,000 per year – the House’s action…

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