Tips

Have employees who receive tips? Here are the tax implications

February 9th, 2023|Categories: Accountant, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Gig Economy, Services, Tax, tax accountant, Tax Advisor, The Burns Firm, Tips|Tags: Daily Tip Records, Reporting Tips to Employer, tax, Taxation of Tips, The Burns Firm, Tip Records, Tip Tax Credit, Tips, What is considered to be a tip?|

Many businesses in certain industries employ individuals who receive tips as part of their compensation. These businesses include restaurants, hotels and salons. Tip definition Tips are optional payments that customers [...]

Tax News for Individual in 2022

July 12th, 2022|Categories: Accountant, accountant near me, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, cryptocurrency, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, IRS, Tax, tax accountant, tax accountant near me, Tax Advisor, The Burns Firm, Tips|Tags: 1099-NEC, 2022 tax, 2022 tax for individuals, 2022 tax news, 2022 tax year, CPA, CPA Dallas, crypto, cryptocurrency, Dallas CPA, foreign housing cost exclusions, reporting earnings for gigs, reporting tips, tax, tax news, tax news in 2022, Tax planning, The Burns Firm|

Involved in Crypto? Here Are Some Tax Issues It's a simple "yes" or "no" question, but you must answer it on your Form 1040 or Form 1040-SR: At any time [...]