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Get ready for a game-changer in tip reporting compliance! The Treasury Department and IRS have just announced the proposed launch of the Service Industry Tip Compliance Agreement...
Biden’s SOTU, Part II. This week, President Biden delivered his second State of the Union (SOTU) address to a joint session of the U.S. Congress. (Over the years, the Buzz has been...
President Biden delivered second State of the Union address to U.S. Congress. Biden extolled Federal Trade Commission FTC proposed ban on noncompete agreements, urged Congress to pass Protecting the Right to Organize Act, and paid family and medical leave legislation.
The Internal Revenue Service (IRS) is proposing a new voluntary program, referred to as the Service Industry Tip Compliance Agreement (SITCA) program, for employers in service...
The Biden administration’s Internal Revenue Service (IRS) has proposed a program for service industry employers to report their workers’ tips to the IRS in order to improve tip reporting compliance, according to a Monday announcement.