If times aren't hard enough, the third phase of a federally mandated minimum wage hike is now in effect. It recently jumped 70 cents to $7.25. The increase comes at a time when restaurant operators are struggling during one of the most difficult economies in years. The additional payroll costs will cut into already slim profit margins. But there is some good news. Legislation was recently introduced to increase the federal tax deduction for business meals from 50 percent to 80 percent. If ...
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