The new tax code resulted in several new tax breaks, but that’s not the only way to save money. Proactive year-end planning ...

As we approach the end of the fourth quarter, most business owners are focused on finishing the year with strong financial results. Your time and energy is primarily directed toward business profits, ...

The qualified business income deduction, also known as QBI, is one of the most powerful deductions still on the books for ...

Man selecting 20% tip while using a handheld credit card scanner at a restaurant in Queens, New York. Man selecting 20% tip while using a handheld credit card scanner at a restaurant in Queens, New ...

"No Tax on Tips" impacts how service workers track their earnings, but will it change how much your restaurant bill will be?

The IRS has released its guidance for the "no tax on tips" and "no tax on overtime" provisions of the One Big Beautiful Bill Act (OBBBA), for workers who can claim the deductions for the 2025 tax year ...

Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 ...

Thanks to Trump's spending bill, taxpayers in the U.S. can expect no taxes on overtime and tips beginning this upcoming tax ...

The Trump administration’s “No Tax on Tips” proposal would do more than make all tips income tax-exempt for servers. While this tax proposal promises to benefit servers, it’s more complex than that.

Philadelphia hospitality industry workers who rely on tips, whether cash or charged, can take advantage of a new federal tax deduction on top of the standard deduction for tips under a new law signed ...

Millions of American service workers—from bartenders and barbers to delivery drivers and nail techs—are one step closer to keeping their tips tax-free. In a rare show of bipartisan unity, the Senate ...