All workers and employers in the service industries where tips occur should abide by the relevant tax rules. One needs to pay income tax, Medicare tax, and Social security taxes on...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 04/09/2021
While many people do not see receipt as a big deal, it is not so with small businesses. Savvy business owners need to keep receipts so that their tax returns can have a bearing during...
Posted by CORE PERFORMANCE on 10/18/2021
Of all the tax returns submitted in 2019, only 0.4% were audited, and 80% of the review was done via mail. This rate has dropped significantly in consequent years, and the COVID-19...
Posted by CORE PERFORMANCE on 09/09/2021
Whether you’re a business owner or an individual, donating to charity makes you feel good. You like helping others and making a difference. Of course, it doesn’t hurt that...
What Income is Taxable?Are you wondering if there's a hard and fast rule about what income is taxable and what income is not taxable? The quick answer is that all income is taxable...
Posted by Byron L. Riley, CPA on 04/07/2016
Donating an old or used vehicle to charity is a win-win notion.You win simply because you not only get rid of a clunker for which you pay registration and insurance fees (and also,...
Posted by ERNIE BUSTAMANTE on 03/22/2016
AccountantA Beginners Guide to TaxesCongress, the lawmaking branch of the main government, usually writes the Internal Revenue Code (IRC), which is also commonly referred to...
Posted by Williams Tax & Bookkeeping on 01/22/2016
