IRS Audits, California Fast-Food Minimum Wage, and Walmart Pay Differences

California raises pay while Walmart lowers it

Summary

The IRS indicates that corporations and the wealthy have been working their way around the tax rules, so it’s adding thousands of specialists to increase audits. Some fast-food franchises in California should anticipate payroll going up with a potential hike in the minimum wage heading toward becoming law. Walmart, on the other hand, decided to lower some starting salaries. What does it all mean? Gene Marks shares insights, including a dislike of the government singling out certain industries for wage hikes and the fuzziness around who the IRS considers wealthy. Listen to this week’s podcast for more.

Listen here: https://www.paychex.com/worx/podcasts/business/irs-audits-california-minimum-wage-and-walmart-pay