Capitol Digest

Section

Taxes & IRS

Filing guidance, rule changes, and what they mean for your wallet.

Bella Vida Nails & Spa: The Card Reader That's Always Down: What Every Owner Should Know About Payment Apps and the IRS
Taxes & IRS

Bella Vida Nails & Spa: 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.

VENICE NAIL STUDIO: The Charge That Doesn't Show Up: What Every Nail Salon Owner Should Understand About Taxes
Taxes & IRS

VENICE NAIL STUDIO: 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.

Gel Nails in Ohio: Half on the Check, Half in Cash: The Payroll Habit the IRS Takes Most Seriously
Taxes & IRS

Gel Nails in Ohio: Half on the Check, Half in Cash: The Payroll Habit the IRS Takes Most Seriously

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 | Great Professional TA Nails
Taxes & IRS

Half on the Check, Half in Cash: The Payroll Habit the IRS Takes Most Seriously | Great Professional TA 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.

La Vie Dorée Nail Bar: The Charge That Doesn't Show Up: What Every Nail Salon Owner Should Understand About Taxes
Taxes & IRS

La Vie Dorée Nail Bar: 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.

IRS Expands Its Online Business Tax Account as Digital Push Continues
Taxes & IRS

IRS Expands Its Online Business Tax Account as Digital Push Continues

The agency added features to its self-service Business Tax Account, part of a multiyear effort to move routine tax tasks online for entities and their authorized users.

'No Tax on Tips and Overtime': What the New Deductions Mean for Workers
Taxes & IRS

'No Tax on Tips and Overtime': What the New Deductions Mean for Workers

New federal deductions for qualified tips and overtime pay are taking shape for the filing season, with dollar limits, income phase-outs, and transition rules workers should understand.

IRS Begins Phasing In Automatic Penalty Relief for Compliant Taxpayers
Taxes & IRS

IRS Begins Phasing In Automatic Penalty Relief for Compliant Taxpayers

A new program automatically waives certain penalties for taxpayers with a track record of filing and paying on time, a change advocates have long sought.

Lavie Nail Spa in Ohio: Half on the Check, Half in Cash: The Payroll Habit the IRS Takes Most Seriously
Taxes & IRS

Lavie Nail Spa in Ohio: Half on the Check, Half in Cash: The Payroll Habit the IRS Takes Most Seriously

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.