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Sales Tax on Meals Provided to Managers and Employees
16 Dec
2014
Written by MRA

Sales Tax on Meals Provided to Managers and Employees »

The Missouri Department of Revenue, during recent field audits, has raised a sales tax issue about which MRA would like to make you aware as it is specific to the restaurant industry. As you know, restaurants do not pay sales tax on food and beverage purchased for resale. The sales tax attaches when a taxable transaction occurs, and further, on a basic tenet of Missouri law, it is assessed at the point of greatest value. In the vast majority of cases, this taxable transaction is a sale to a customer at menu price.

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Department of Revenue Audits Target Restaurants
16 Dec
2014
Written by MRA

Department of Revenue Audits Target Restaurants »

In a major shift of position, Missouri Department of Revenue (DOR) has apparently decided the employer, not the employee, shall be responsible for the employee’s state income tax on under-reported cash tip income. The negative consequences for restaurants are significant.

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More menu labeling details emerge
10 Dec
2014
Written by MRA

More menu labeling details emerge »

By December 2015, all restaurant chains with 20 or more units will be required to post calorie counts for standard menu items on menus and menu boards, as well as offer more detailed nutrition information on request in restaurants. The rules are expected to affect about 1,600 chains that include nearly 300,000 restaurant locations.

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Congress poised to pass one-year extension of expired tax provisions
9 Dec
2014
Written by MRA

Congress poised to pass one-year extension of expired tax provisions »

The U.S. House of Representatives overwhelmingly passed on December 3rd a bill that would extend, retroactively for one year (generally through December 31, 2014), a number of tax relief provisions that had expired at the end of calendar year 2013. The Tax Increase Prevention Act of 2014 (H.R. 5771) or TIPA, which passed the House with a vote of 378 - 46, would prevent tax increases on millions of families and businesses during the 2014 filing season that begins January 2015.

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What will a Republican-led Congress mean for restaurants?
13 Nov
2014
Written by MRA

What will a Republican-led Congress mean for restaurants? »

The restaurant industry has never had a better chance of tempering the impact of the Affordable Care Act than it will when the Congress reshaped by this week’s election takes office next year.

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Legislative Call to Action
5 Nov
2014
Written by morestaurants

Legislative Call to Action »

“Small businesses are the backbone of America’s economy and the principal engine of job creation. In fact, over the past 15 years, small businesses have created two-thirds of all new jobs. However, small businesses have been hit hard by the recession – losing more than six million jobs since December, 2007. The Small Business Jobs Act helps create the right economic conditions for small businesses to create…new jobs.”

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Missouri minimum wage to increase to $7.65 on Jan 1, 2015
2 Nov
2014
Written by morestaurants

Missouri minimum wage to increase to $7.65 on Jan 1, 2015 »

Minimum wage in our state is subject to change each year based on changes in the Midwest Consumer Price Index for Urban Wage Earners and Clerical Workers, or CPI-W for short

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Health care law: Next steps for employers
29 Oct
2014
Written by MRA

Health care law: Next steps for employers »

The pressure is on: Starting Jan. 1, 2015, many employers could face potential penalties for failing to offer health plans to full-time employees. Hundreds of thousands of employers will have to start tracking new data in 2015 as they prepare to file ACA-required reports with the Internal Revenue Service and employees in early 2016.

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