The IRS is hiring thousands and thousands of more specialized personnel, primarily to increase audits on the wealthy and corporations. Gene Marks says that small businesses should be prepared to get caught in that net. In California, some franchise fast-food employers should prepare to pay a higher minimum wage, while Walmart goes the other way by paying different wages for the same job. Listen to what Gene Marks has to say on the podcast about states singling out industries to pay higher wages and what the Walmart decision is actually indicating.
DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
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