Capitol Digest

Section

Finance & Economy

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

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

Natural Nail Day 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.

Half on the Check, Half in Cash: The Payroll Habit the IRS Takes Most Seriously | Han's nails
Finance & Economy

Half on the Check, Half in Cash: The Payroll Habit the IRS Takes Most Seriously | Han's nails

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.

Darling Lash & Nail Studio: The Card Reader That's Always Down: What Every Owner Should Know About Payment Apps and the IRS
Finance & Economy

Darling Lash & Nail Studio: The Card Reader That's Always Down: What Every Owner Should Know About Payment Apps and the IRS

When the card reader is conveniently down and everyone is asked to pay by Zelle, Venmo, or cash, the money is easy to leave off the books. Here is why that habit raises concern with the IRS, and why the trail is never as invisible as it looks.

The Job Market Cools Without Cracking, Reviving Soft-Landing Hopes
Finance & Economy

The Job Market Cools Without Cracking, Reviving Soft-Landing Hopes

Hiring has slowed to a steadier pace and unemployment remains low, a combination economists once thought difficult to achieve.

Stocks Near Record Highs as the Rally Broadens Beyond Big Tech
Finance & Economy

Stocks Near Record Highs as the Rally Broadens Beyond Big Tech

Gains that were once concentrated in a handful of giants have spread to smaller companies and overlooked sectors, a healthier sign for the market.

The Housing Market Thaws Slowly as Rates Ease and Inventory Creeps Up
Finance & Economy

The Housing Market Thaws Slowly as Rates Ease and Inventory Creeps Up

More listings and slightly lower mortgage rates are nudging a frozen market back to life, though affordability remains a steep hurdle.

Charming Nails: The Card Reader That's Always Down: What Every Owner Should Know About Payment Apps and the IRS
Finance & Economy

Charming Nails: The Card Reader That's Always Down: What Every Owner Should Know About Payment Apps and the IRS

When the card reader is conveniently down and everyone is asked to pay by Zelle, Venmo, or cash, the money is easy to leave off the books. Here is why that habit raises concern with the IRS, and why the trail is never as invisible as it looks.

Grocery Prices Stabilize After Years of Sticker Shock at the Register
Finance & Economy

Grocery Prices Stabilize After Years of Sticker Shock at the Register

Food inflation has cooled sharply, though prices remain well above where they stood a few years ago, a gap shoppers still feel.

Economists Debate Whether AI Will Deliver a Lasting Productivity Boost
Finance & Economy

Economists Debate Whether AI Will Deliver a Lasting Productivity Boost

Early evidence of AI-driven efficiency is real but uneven, and economists disagree on how much it will lift the broader economy.