Tax Changes for 2013: What it Means for You

Among the many challenges of owning a small business are the year-to-year tax changes that can affect your bottom line and complicate your accounting. And this year was especially anxiety inducing as Congress and the President wrangled over a plethora of expiring tax breaks until the last moments of 2012, leaving individuals and business owners…

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Hurricane Sandy Should Be A Wake-Up Call for Your Critical Data

For many of us in the Northeast, Sandy was our first taste of massive destruction and outages that businesses in the South and Midwest know too well. Many franchisees lost power for over a week, faced floods, and even saw their stores and homes destroyed. Hopefully all will be rebuilt, equipment will be replaced and…

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Glossary of ACA-Related Terms

Affordable Care Act (ACA): The Affordable Care Act (ACA) is also known formally as the Patient Protection and Affordable Care Act (PPACA) and informally as Obamacare or federal health care. President Barack Obama signed the Act into law on March 23, 2010. Together with the Health Care and Education Reconciliation Act (enacted by Congress to…

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The Affordable Care Act: Now, It’s Here to Stay

Two years of campaigning and an estimated $3 to $6 billion dollars in spending later, the makeup of the federal government is essentially the same as before the election, and there is little doubt the Affordable Care Act (ACA), also known as Obamacare, will survive. Small business owners and large employers alike need to start…

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New Laws and Regulations Threaten Franchisee Profitability

DDIFO Working to Leverage Collective Strength to Protect Franchise Owners When this issue went to press, franchisees in New Jersey were looking at a possible 17 percent increase in the state’s minimum wage. In Florida, state regulators are auditing Dunkin’ Donuts franchisees to be sure they are complying with sales tax regulations. And in Illinois,…

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First Circuit Affirms Win for Starbucks Baristas over Tip-sharing

Starbucks Corp. owes baristas in Massachusetts $14.1 million for a policy that gave shift supervisors a share of the tips, the U.S. Court of Appeals for the First Circuit has ruled. On November 9, a unanimous panel affirmed a March 2011 class certification ruling and a January 2012 final judgment and damages ruling by Judge…

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Brookline MA Town Meeting approves ban on Styrofoam containers

Brock Parker reported on the Boston.com web site that a special meeting of the Brookline Massachusetts Town Meeting voted Tuesday night (11/13/12) to ban the use of Styrofoam in the town for takeout food containers and beverages. By a vote of 169-to-27, the Town Meeting elected to prohibit the use of disposable polystyrene, also known by its…

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Timely Retirement Plan Information

Ovation Payroll, one of our many active sponsor organizations, has advised us that the Department of Labor (DOL) published final regulations requiring certain retirement plan service providers to furnish fee-related information to the plan administrators of the defined benefit and/or defined contribution plans with the organizations with which they contract (the service-provider rules). In conjunction…

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