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Tip Distribution and Tip Reporting

If your employees accept tips as part of their annual wage, than it's important to understand how the rules and regulations behind tip distribution and tip reporting.

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President Obama’s Tax Cuts are Designed to Help Restaurants and Other Small Businesses

On December 17th, President Obama signed into law the “Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010,” H.R. 4853. This law comes at a time of the year when many restaurant owners purchase new restaurant equipment and supplies so those acquisitions will show up on their 2010 tax statement. Lawmakers hope this law, with its $800+ billion in tax cuts will ease economic strain on small businesses so they will hire new employees and invest more in equipment and supplies.

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