Pizza Today - November 2024 - 42

New Overtime Rules
The next change coming to
business in 2025 is the Department
of Labor's new overtime rule, part
of which came into effect on July 1,
2024 with the rest coming into effect
on January 1, 2025. Beginning in
January, the new overtime threshold
is $1,128 per week, or $58,656
per year. This is an increase from
the previous threshold of $684 per
week. This means that if a salaried
employee makes less than $1,128 per
week, they are eligible for overtime
pay on each hour over 40 worked per
week.
As a reminder, any employee
being paid salary vs. hourly wages
must meet the federal requirements
for executive employees: (1) they
are paid the minimum threshold
($1,128 per week starting January
1), (2) the employee's primary
duty must be the management of a
customarily recognized department,
(3) the employee must customarily
or regularly direct the work of two or
more individuals, (4) the employee
must have the authority to hire or
fire employees, or the employee's
recommendation on hiring decisions
must be given particular weight.
Tax Changes
2025 will also bring significant
tax reform, regardless of who is in
the White House and in control
of Congress, as the Tax Cuts and
Jobs Act expires at the end of 2025.
Many of us pizzeria operators
have benefitted since 2017 from
bonus depreciation, allowing new
equipment purchases and other
expenses to be immediately deducted
instead of amortized over the life of
the equipment. Bonus depreciation
has been slowly phasing out until it
sunsets entirely at the end of next
year. This year, businesses get 40
percent, in 2025, only 20 percent. So,
as you are doing year-end planning,
consult with your CPA to see if
there is advantage to making a larger
purchase in 2024 vs. 2025.
Additionally, the estate and gift
tax exemption will be cut in half
from nearly $14 million next year
to about $7 million in 2026. While
these are large figures, it's important
to think about the size of your estate
at the age you think you may pass
away, not its value today. While
your estate may not be impacted in
today's dollars, it could be as your
business and assets grow until the
time of your death. Thus, 2025 is
the year to meet with your CPA and
estate planning attorney to ensure
that you take advantage of the
United States Postal Service
Statement of Ownership, Management, and Circulation
(Requester Publications Only)
1. Publication Title
PIZZA TODAY
4. Issue Frequency
Published monthly
100 Broadway, 14th Floor
New York, NY 10005
8. Complete Mailing Address of Headquarters or General Business Office of Publisher (Not Printer)
Emerald X, LLC
100 Broadway, 14th Floor
New York, NY 10005
9. Full Names and Complete Mailing Addresses of Publisher, Editor, and Managing Editor (Do Not Leave Blank)
Publisher (Name and Complete Mailing Address)
Colleen Truman, Vice President, Global Food Group
100 Broadway, 14th Floor
New York, NY 10005
Editor (Name and Complete Mailing Address)
Jeremy White, Editor-in-Chief
100 Broadway, 14th Floor
New York, NY 10005
Managing Editor (Name and Complete Mailing Address)
Denise Greer, Executive Editor
100 Broadway, 14th Floor
New York, NY 10005
10.
Full Name
Owner (Do not leave blank, It the publication is owned by a corporation, give the name and address of the corporation immediately followed by the
names and addresses of all stockholders owning or holding 1 percent or more of the total amount of stock. If not owned by a corporation, give the
names and addresses of the individual owners. If owned by a partnership or other unincorporated firm, give its name and address as well as those of
each individual owner. If the publication is published by a nonprofit organization, give its name and address.)
Complete Mailing Address
Emerald X, LLC
100 Broadway, 14th fl, New York, NY 10005
(4)
2. Publication Number
-
0 1 9
7 4 9
3. Filing Date
October 1, 2024
5. Number of Issues Published Annually6. Annual Subscription Price
12
U.S. - $29.95
7. Complete Mailing Address of Known Office of Publication (Not Printer) (Street, city, county, state, and ZIP+4)
Emerald X, LLC
Contact Person
Joanne Wheatley
Telephone
646-668-3763
b. Legitimate
Paid and/or
Requested
Distribution (by
Mail and
Outside the
Mail)
a. Total Number of Copies (Net press run)
(1)
31,539
(2)
Outside county Paid/Requested Mail Subscriptions stated
on PS Form 3541. (include direct written request from
recipient, telemarketing and Internet requests from recipient,
paid subscriptions including nominal rate subscriptions,
employer requests, advertiser's proof copies, and exchange
copies.)
In-County Paid/Requested Mail Subscriptions Stated on
PS Form 3541 (Include direct written request from recipient,
telemarketing and Internet requests from recipient, paid
subscriptions including nominal rate subscriptions, employer
requests, advertiser's proof copies and exchange copies)
(3)
(4)
Sales Through Dealers and Carriers, Street Vendors,
Counter Sales, and Other Paid or Requested Distribution
Outside USPS
Requested Copies Distributed by Other Classes of Mail
Through the USPS (e.g. First-Class Mail)
-
c. Total Paid and/or Requested Circulation
[Sum of 15b. (1), (2), (3), and (4)]
d.
(1)
Outside county Nonrequested Copies Stated on the PS
3541 (include Sample copies, Requests Over 3 years old,
Requests induced by a Premium, Bulk Sales and
Requests including Association Requests, Names
obtained from Business Directories, Lists and other
sources)
Nonrequested
Distribution (by
Mail and
Outside Mail)
(2)
(3)
In-County Nonrequested Copies as Stated on Form 3541
(include Sample copies, Requests Over 3 years old,
Requests induced by a Premium, Bulk Sales and
Requests including Association Requests, Names
obtained from Business Directories, Lists and other
sources)
Nonrequested Copies Distributed through the USPS by
Other Classes of Mail (e.g. First-Class Mail, Nonrequestor
Copies mailed in excess of 10% Limit Mailed at Standard
Mail or Package Service Rates)
Nonrequested Copies Distributed Outside the Mail (Include
Pickup Stands, Trade Shows, Showrooms and Other
Sources)
e. Total Nonrequested Distribution (Sum of 15d. (1), (2), (3), and (4))
2,877
f. Total Distribution (Sum of 15c. And 15e.)
11. Known Bondholders, Mortgagees, and Other Security Holders Owning or
Holding 1 percent or more of Total Amount of Bonds, Mortgages, or
Other securities. If none, check box
Full Name
None
Complete Mailing Address
Emerald X, Inc.
100 Broadway, 14th fl, New York, NY 10005
h. Total (Sum of 15f. And 15g.)
31,077
i. Percent Paid and/or Requested Circulation
(15c. Divided by 15f. Times 100)
16. Publication of Statement of Ownership
x
12. Tax Status (For completion by nonprofit organizations authorized to mail at nonprofit rates) (Check one)
The purpose, function, and nonprofit status of this organization and the exempt status for income tax purposes:
Has Not Changed During Preceding 12 months
Has Changed During Preceding 12 Months (Publisher must submit explanation of change with this statement)
PS Form 3526, July 2014 [Page 1 of 4 (see instructions page 4)] PSN: 7530-01-000-9931 PRIVACY NOTICE: See our privacy policy on www.usps.com
2024 issue of this publication.
17. Signature and Title of Editor, Publisher, Business Manager, or Owner
Senior Vice President
Date
9/30/2024
PS Form 3526, July 2014 (Page 2 of 4)
I certify that all information furnished on this form is true and complete. I understand that anyone who furnishes false or misleading information on this form or who omits material or information requested on the form may be subject to criminal
sanctions (including fines and imprisonment) and/or civil sanctions (including civil penalties)
90.58
If the publication is a general publication, publication of this statement is required. Will be printed in the November
Publication Not Required
31,386
90.54
521
914
30,557
g. Copies not Distributed (See Instructions to Publishers #4 (page #3))
30,472
2,884
27,680
-
27,588
31,386
13. Publication Title
PIZZA TODAY
15.
Extent and Nature of Circulation
14. Issue Date for Circulation Data Below
September-24
Average No. Copies Each Issue
During Preceding 12 Months
No. Copies of Single Issue
Published Nearest to Filing Date
27,676
27,583
-
-
4
5
2,336
2,784
-
-
-
-
541
100
42 / PIZZATODAY.COM / NOVEMBER 2024

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Pizza Today - November 2024

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