Here are five tax law provisions that will be in effect for the 2026 tax season following the July passage of President Trump ...
Restaurants may need to rethink their mandatory gratuity policies if they want this income to count as qualified tips for ...
Some segments of the U.S. restaurant industry don’t support President Donald Trump’s proposal to eliminate federal taxes on tips, saying it would help too few people and obscure bigger issues in the ...
On July 3, 2025, Congress passed the One Big Beautiful Bill Act (OBBBA), a transformative tax law that eliminates federal ...
The tax bill passed Wednesday by Congress might not enjoy popular support, but according to tax attorneys specializing in restaurants, many operators stand to gain from it, and they’ll gain even more ...
Jobs as a host or waiter are more attractive now that Republicans have cut taxes on tips. This will give full-service restaurants a boost in the stiff competition for labor. In other words, the One ...
Tax season isn’t the most exciting time of year for restaurant operators, but staying prepared doesn’t have to be painful. In fact, adding a few easy habits to the daily routine can make things a lot ...
While April 15 may not be everyone’s cup of tea, some restaurant chains are hoping to make it slightly more enjoyable. April 15 is Tax Day in the U.S., the deadline to submit income tax returns to the ...