posts tagged as FICA

On December 22, 2017, the conference version of the tax reform bill was signed into law, marking the largest change to U.S. tax policy in decades. With most of the provisions set to go into effect in 2018, it’s important that the... read more

Late last week the House of Representatives unveiled a first draft of the long-awaited tax reform bill, the Tax Cuts and Jobs Act (TCJA). In the legislation’s current state, the repeal or rollback of several key credits and incentives... read more

As Congress turns its attention to tax reform, it’s clear they’re taking legislation off the backburner and turning up the heat. Though it looks like an overhaul may be starting to simmer, don’t make any major tax planning changes until... read more

As 2016 comes to an end, taxpayers need to be proactive in year-end tax planning. The Protecting Americans from Tax Hikes Act of 2015 (PATH Act), was signed into law in December 2015 and made many changes that are effective with 2016 tax... read more

Do you own a brewery and have a question that you think may be outside of your CPA’s scope of knowledge? Do yourself a favor and just ask! From research and development (R&D) to trademarking advice, your CPA can provide insights into... read more

There are many misconceptions that lead to tax reporting errors in the restaurant business. We often receive questions or overhear comments from restaurant owners, operators and CFOs about practices that seem normal, but often lead to... read more

Last week, our team attended Restaurant Finance Monitor's annual Restaurant Finance & Development Conference, where we spent three days connecting with industry colleagues about all things restaurant finance, operations and... read more

It's no secret that there's gridlock in Washington, but a Congressman and the White House have come together to agree on one issue: repeal of the FICA tip credit (IRC section 45B) as part of larger tax reform packages. read more

The recent IRS rules that redefined tips and service charges are still generating a great deal of questions from restaurants. Understanding how to implement these new rules when it comes to catering and delivery can be challenging. read more

Craft brewers have evolved from specialty producers into major players in the food and beverage industry, producing 22.2 million barrels of beer in 2014. read more