Minimum wage increases in July

by Ted

The federal minimum wage will be $7.25 per hour effective July 24, 2009. Many states also have minimum wage laws. In cases where an employee is subject to both state and federal minimum wage laws, the employee is entitled to the higher minimum wage. Of course, the states do not make it easy. Only 12 […]

California Taxpayers Should Review Their Withholding to Avoid Tax Bills

by Ted

Released: June 11, 2009 A new tax law raises California’s personal income tax rates by .25 percent.  The law also reduces the dependent exemption credit to the same amount of the personal exemption credit—a $210 difference per dependent using 2008 amounts. Some taxpayers may need to increase their wage withholding now to avoid owing taxes […]

Restaurant industry outlook improves

by Ted

http://www.bizjournals.com/albany/stories/2009/06/01/daily59.html The outlook for the restaurant industry grew more optimistic in recent months, as the National Restaurant Association’s comprehensive index of restaurant activity registered its fourth consecutive monthly gain in April. The Association’s Restaurant Performance Index (RPI) — a monthly composite index that tracks the health of and outlook for the U anchor.S. restaurant industry […]