Hiring a veteran can save money
December 29th, 2011

Work Opportunity Tax Credit now includes veterans
New legislation signed by President Barack Obama in November expands tax incentives to businesses that hire military veterans. The new law enhances the Work Opportunity Tax Credits for hiring qualified veterans. The credit available depends on the length of time the veteran was out of work:

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Payroll Tax Cut Extension - signed December 23, 2011

December 29th, 2011

The Temporary Payroll Tax Cut Continuation Act of 2011 extends the 2% employee-side payroll tax cut through the end of February 2012.
Employers should implement the reduced payroll tax rate as soon as possible in 2012 but no later than January 31, 2012. For any Social Security tax over-withheld during January, employers should make an offsetting adjustment [...]

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Sales and Use Tax Returns

December 29th, 2011

Sales and use tax audits are on the rise, making it more important than ever that McDonald’s owner/operators accurately report all sales and purchases. Below are a few tips and general reminders on sales and use tax compliance.

1. Sales and use tax laws vary by state. If you prepare your business’s Sales and Use tax return and are unsure of all the specific state rules or would like a refresher, please contact us and we will get you some state specific information. You may also find information on your state’s website.

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