by Andrews Tax Accounting & Bookkeeping | Dec 18, 2025 | Educational
No Tax on Tips Benefits Many Who Receive Gratuities No tax on tips is part of the new tax laws for those filing in 2026 for tax year 2025. Not every profession that earns tips will get the tax break. But those who do won’t have to pay income tax on the first $25,000...
by Andrews Tax Accounting & Bookkeeping | Sep 25, 2025 | Educational
Using Credit Cards to Finance Business Carries Rewards and Risks Using credit cards to finance business has its place. During periods of tight borrowing, which we’re experiencing now, using credit cards can be a lifeline. But it also has a downside. The key is to...
by Andrews Tax Accounting & Bookkeeping | Sep 18, 2025 | Educational
Work Opportunity Tax Credit Helps Both Employers and Struggling Job Seekers The Work Opportunity Tax Credit (WOTC) is a federal tax credit for businesses that hire specific types of people who face extra challenges getting a job. The amount of the credit varies based...
by Andrews Tax Accounting & Bookkeeping | Sep 11, 2025 | Educational
Hiring Your Kids Has Benefits, But There Are Limits Hiring your kids has its benefits. For one thing, you’re putting money in your kids’ pockets that you can deduct as a business expense. (They do need to be performing actual work, though.) You can instill a sense of...
by Andrews Tax Accounting & Bookkeeping | Aug 28, 2025 | Educational
Small Businesses Can Use AI to Fuel Success Small businesses can use AI? Well, the answer to that may be not only can they be using artificial intelligence (AI), but they should be, and soon. According to a survey by the U.S. Chamber of Commerce, 40 percent of small...
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