Earth-shaking changes in the tax laws impacting restaurants happen once a decade. The Small Business and Work Opportunity Tax Act, signed by President Bush on May 25, 2007, is the latest. That’s when Congress increased the minimum wage.Congress and the restaurant lobby reached a compromise to get the minimum wage changed. The restaurant lobby agreed to not actively oppose the minimum-wage increase if certain targeted tax relief was included for the industry. It was win-win. Congress got to ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?