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The Internal Revenue Service announced it is proposing a new voluntary tip reporting program to improve tip reporting compliance by employers of service industry workers, such as servers.The IRS requires employees who earn at least $20 a month in tips to keep a
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stanley cup f those tips are then required to be included on tax returns.Employers are then required to withhold taxes on income earned from tips.The IRS said voluntary tip compliance agreements have been established by the IRS for industries where tipping is customary. The IRS has three different voluntary compliance agreements in place:TRAC 鈥?Tip Reporting Alternative CommitmentTRDA 鈥?Tip Rate Determination AgreementGITCA 鈥?Gaming Industry Tip Compliance AgreementThe IRS proposal would create one voluntary compliance agreement: The Service Industry Tip Compliance Agr
stanley tumbler eement.The IRS said the program would include several features:The monitoring of employer compliance based on actual annual tip revenue and charge tip data from an employer s point-of-sale system, and allowance for adjustments in tipping practices from year to year.Participating employers demonstrate compliance with the program requirements by submitting an annual report after the close of the calendar year, which reduces the need for compliance reviews by the IRS.Participating employers receive protection from liability under the rules that define tips as part of an employee s pay for calendar years in which Brph Queen Elizabeth II hosts first in-person engagement since COVID diagnosis
MILWAUKEE 鈥?The City of Milwaukee is looking for a company to design a three-quarter-mile space along the river walk in the Harbor District, our partners at theMilwaukee Business Journal report.Sitting next to Komatsu Mining s future headquarters, the area is meant to be a public space, sandwiched between the Third Ward and Bay View neighborhoods.The city has issued a request for proposals to hire a company that would design the space, in time to be open for the public in 2022, an economic specialist for the city s Department of City Development, Alyssa Remington, tells the BizJournal.Meanwhile, the Harbor District s neighborhood advisory committee is getting ready to issue a survey to the public on what people would like the public space to become. The results of the survey would be handed to the company hired to design the space, Remington tells the outlet.Some ideas being floated for the space include a smaller
stanley vaso soccer field, educational areas about the property s history and aquatic habitats, according to the BizJournal, citing Remington. It may also have a large bridge across a former ship docking area, south of Komatsu s headquarters.Construction is set to begin later this year, with landscaping and other efforts to be done by 2022.The space has been closed to the public for over 100 years. During that time the space was used to augment industrial businesses that used to surround the area.
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