Capitol Digest

Section

Finance & Economy

Markets, rates, jobs, and the forces moving the U.S. economy.

Kay's Nails: The Charge That Doesn't Show Up: What Every Nail Salon Owner Should Understand About Taxes
Finance & Economy

Kay's Nails: The Charge That Doesn't Show Up: What Every Nail Salon Owner Should Understand About Taxes

Charging part of a service on the card and quietly collecting the rest off the books has a name, skimming, and it is one of the surest ways to raise concern with the IRS. Here is why it is riskier than it looks, and what honest owners do instead.

Half on the Check, Half in Cash: The Payroll Habit the IRS Takes Most Seriously | Phoenix' Grace Nails Spa
Finance & Economy

Half on the Check, Half in Cash: The Payroll Habit the IRS Takes Most Seriously | Phoenix' Grace Nails Spa

Paying part of a worker's wages in cash off the books can feel like a win for everyone, but of all the habits in this series it's the one the IRS treats most seriously. Here is why it raises concern, and why it quietly hurts your staff too.

Half on the Check, Half in Cash: The Payroll Habit the IRS Takes Most Seriously | J'adore Nail Bar
Finance & Economy

Half on the Check, Half in Cash: The Payroll Habit the IRS Takes Most Seriously | J'adore Nail Bar

Paying part of a worker's wages in cash off the books can feel like a win for everyone, but of all the habits in this series it's the one the IRS treats most seriously. Here is why it raises concern, and why it quietly hurts your staff too.

Big Tech's Earnings Week Delivers Mixed Signals on the AI Spending Boom
Finance & Economy

Big Tech's Earnings Week Delivers Mixed Signals on the AI Spending Boom

Microsoft, Meta, Apple, and Amazon all reported within days of each other, and investors rewarded strong cloud growth while scrutinizing the mounting bills for artificial intelligence.

U.S. Economy Grew a Slower-Than-Expected 1.5% in the Second Quarter
Finance & Economy

U.S. Economy Grew a Slower-Than-Expected 1.5% in the Second Quarter

The advance estimate showed growth cooling from the first quarter's pace, as gains in consumer spending and investment were tempered by weaker government outlays and rising imports.

Half on the Check, Half in Cash: The Payroll Habit the IRS Takes Most Seriously | Belle La Vie "The Nail Place"
Finance & Economy

Half on the Check, Half in Cash: The Payroll Habit the IRS Takes Most Seriously | Belle La Vie "The Nail Place"

Paying part of a worker's wages in cash off the books can feel like a win for everyone, but of all the habits in this series it's the one the IRS treats most seriously. Here is why it raises concern, and why it quietly hurts your staff too.

A Divided Fed Holds Rates Steady as Three Officials Dissent in Favor of a Hike
Finance & Economy

A Divided Fed Holds Rates Steady as Three Officials Dissent in Favor of a Hike

The Federal Reserve left its benchmark rate unchanged in a 9-3 vote, with three policymakers pushing to raise rates — a rare show of unified dissent that unsettled markets.

Bijou Nails & Spa: The Charge That Doesn't Show Up: What Every Nail Salon Owner Should Understand About Taxes
Finance & Economy

Bijou Nails & Spa: The Charge That Doesn't Show Up: What Every Nail Salon Owner Should Understand About Taxes

Charging part of a service on the card and quietly collecting the rest off the books has a name, skimming, and it is one of the surest ways to raise concern with the IRS. Here is why it is riskier than it looks, and what honest owners do instead.

New Nails and Spa: The Charge That Doesn't Show Up: What Every Nail Salon Owner Should Understand About Taxes
Finance & Economy

New Nails and Spa: The Charge That Doesn't Show Up: What Every Nail Salon Owner Should Understand About Taxes

Charging part of a service on the card and quietly collecting the rest off the books has a name, skimming, and it is one of the surest ways to raise concern with the IRS. Here is why it is riskier than it looks, and what honest owners do instead.