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Common Cents Act Clears Congress: What Restaurants Should Know About Cash Rounding
Common Cents Act Clears Congress: What Restaurants Should Know About Cash Rounding The penny may seem like a small issue, but for restaurants and other businesses that handle cash every day, its phaseout creates some very practical questions. The Common Cents Act recently cleared both houses of Congress and, as of October 5, is awaiting presidential action. The legislation would create a national framework for handling cash transactions when exact change is not available. The federal government has
Small Tennessee Employers: Review Your Payroll Onboarding Before 2027
Small Tennessee Employers: Review Your Payroll Onboarding Before 2027 If your business has employees, this is a good time to review your payroll onboarding process. Beginning January 1, 2027, Tennessee’s Lawful Employment Act will apply more broadly to private employers. The updated definition of “private employer” includes any person required by federal law and regulations to report remuneration paid to at least one employee. Tennessee’s General Assembly records identify this change as Public Chapter
