US House Tees Up Tax Law Fixes

There’s still a ways to go, but the US House is moving in the right direction this week with the House Committee on Rules voting to send a year-end tax bill to the floor for a vote. The House Ways & Means Committee released its TCJA fix package this past Monday and it may be…

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IRS Releases Rule on Business Interest Deductions

Almost in concert with the proposed Congressional fixes to the TCJA (above), the Internal Revenue Service this week released 439 pages of proposed regulations that in large part address other issues and changes inherent in TCJA passage. Primary amongst them for our readers, the proposed regulations clarify a key provision in the TCJA that limited…

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Maximum Movements on Minimum Wages

The current push for increasing minimum wages really began back in 2012, but it doesn’t seem to be slowing much at all. But first, let’s look at the exception that proves the rule. With democrat Gretchen Whitmer poised to take over as Michigan Governor from republican incumbent Rick Snyder, the republican state senate voted Wednesday…

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Minimum Wage Hikes in 2019

With the New Year just one month away, it seems timely to advise our subscribers of the increases that will become effective with the turn of the calendar on New Year’s Day. There are a number of municipalities along with twenty states where the legal minimum wage will increase on January 1, either adjusted by…

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Washington DC Wage & Paid Leave Drama

We could have just lumped the Nation’s Capital into the above paragraph, but there always seems to be more to DC than meets the eye. Initiative 77, which would have increased the District minimum wage to $15/hour and eliminated the tipped wage by 2026, was passed by the voters in June of this year. Throughout…

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“Fair Workweek” Proposals Spreading

Not unlike the waves from minimum wage battles, consideration of so-called Fair Workweek legislation is also spreading across the nation. Fair workweek laws generally provide that employers provide workers with a minimum (usually 10 – 14 days) period of notice of their work schedule and any deviation from that schedule requires an additional “predictability payment”…

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Don’t Risk Your Network!

There’s only days left to register for our regional meeting in New Jersey on Tuesday, December 4 at the Doubletree Hotel Newark Airport. The program will feature experts on three major subject areas – each of which can play a significant role in reducing your business risk. The program will include employment law expert Attorney…

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Here’s the Bit . . . Coin!

We knew it was going to happen at some point, but now the state of Ohio has become the first state in the nation to officially offer businesses the option of paying their taxes using Bitcoin.  Starting Monday, businesses in Ohio can make their sales and withholding tax payments through OhioCrypto.com, a state-controlled site that…

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Miscellaneous

We noted a number of surveys released over the past week that we thought you might have some interest in. First off, online used equipment dealer Bid-On-Equipment conducted a Google search study of the most popular fast food franchises to open across the country and released its results earlier this month. Based on Google search…

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Across the Pond, Beyond the Pale

Last week, we advised of a research team from Oxford advocating new hefty taxes on meat as a way to force people to cut down on eating meat. This week from across the pond, it gets even more bizarre as a UK-based group, Action on Sugar, wants the government to ban high-calorie milkshakes! Associated with…

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