DO YOUR EMPLOYEES RECEIVE TIPS? YOU MAY BE ELIGIBLE FOR A TAX CREDIT Are you an employer who owns a business where tipping is customary for providing food and beverages? You may qualify for a tax credit involving the Social Security and Medicare (FICA) taxes that you...
Cash is a good way to get clobbered for taxes! For many years, small restaurants, bars, pizza parlors, ice cream stands, and other food establishments have used all cash systems to hide their income and not pay sales tax and income tax on the full receipts. In New...
RS LETTER 5043 – NEW WAY IRS ATTACKS SMALL BUSINESS ATTEMPT TO GET “CASH” BUSINESSES The IRS has been pushing for many years to capture cash income of small businesses and force him to pay taxes. That is one of the reasons that the IRS is requiring credit card...
NJ Division of Taxation seizes Melange Cafe Holidays in Haddonfield are Dreary without Melange @ Haddonfield As the holidays approach us, we renew our quest for a delicious meal that awakens the palate served in a relaxing atmosphere far removed from the hustle and...