- Receiving Tips Can Be Taxing
- Anyone who collects tips must include those tips in their taxable income. This requirement is not limited to waiters and waitresses; it applies to anyone who collects tips, including taxicab, Uber, Lyft, and similar drivers; beauticians; porters; concierges; and delivery people.
- Minimizing Tax on Social Security Benefits
- Whether your Social Security benefits are taxable (and, if so, the amount that is taxed) depends on a number of issues. The following facts will help you understand the taxability of your Social Security benefits.
- Need Advanced Time-Tracking? Connect QuickBooks Online to An App
- You can track the hours employees work in QuickBooks Online. But if your time-tracking needs are complex enough, you’ll need an integrated app.
- What Are My Chances of Being Audited and How Can I Reduce Them?
- First, don’t panic. Audits are relatively rare, as fewer than 1% of taxpayers grouped by income level will get that dreaded notice on IRS letterhead.
- Does Your Tax Id Number Need To Be Renewed?
- According to the IRS, just about 2 million Individual Taxpayer Identification Numbers (ITINs) are set to expire at the end of 2019. Learn more.
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