Bookkeeping

No Tax on Tips: What It Means for Restaurant Employees and Employers

All cash and non-cash tips an received by an employee are income and are subject to Federal income taxes. All cash tips received by an employee in any calendar month are subject to Social Security and Medicare taxes and must be reported to the employer. If the total tips received by the employee during a

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No Tax on Tips: What It Means for Restaurant Employees and Employers

All cash and non-cash tips an received by an employee are income and are subject to Federal income taxes. All cash tips received by an employee in any calendar month are subject to Social Security and Medicare taxes and must be reported to the employer. If the total tips received by the employee during a

No Tax on Tips: What It Means for Restaurant Employees and Employers Read More »

Expenses Definition and Examples

Below, we outline the crucial stages of managing outstanding checks through escheatment. See how expense check meaning forward-thinking finance teams are future-proofing their organizations through AP automation. Just for fun I’ll mention one other ‘accounting perversion’ that’s hard to grasp.Suppose I bill a customer for some work and they pay the invoice. Then suppose a

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Outsourced Bookkeeping Explained: The Basics, Benefits, and Best Practices

We’ll be by your side, ensuring every financial decision is a smart one. We understand that as a small business owner in this vibrant city, you’re driven by ambition and the desire for growth. Vo & Ouk CPAs stands as your trusted partner for financial success in Sugar Land. Watch your business soar to new

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