Beginning January 1, 2020, Minnesota will have an increase in the minimum wage.
* Large employers (gross revenues of $500K and more) must pay at least $10/hour * Small employers (gross revenues less than $500K) must pay at least $8.15/hour * The training wage, $8.15/hour, may be paid to employees younger than 20 years of age for the first 90 consecutive days of employment. * The youth wage rate, $8.15/hour, may be paid to employees younger than 18 years of age.
0 Comments
As of October 1, 2019, Duluth will have an increase in the City percentage of the sales tax rate. It will be increased from 1% to 1.5%.
This means: Regular sales tax will increase from 8.375% to 8.875% Restaurant (food) rate will increase from 10.625% to 11.125% Restaurant (alcohol) rate will increase from 13.125% to 13.625% If you use Square or any other mobile app that includes sales tax, remember to make adjustments to the settings. |
Full ServiceOur professionals are here to serve you and offer advise on your tax and small business financial needs. Archives
February 2022
Categories |