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"No Tax on Tips" — Fairness or Folly?
In 2024–2025, Donald Trump pledged to eliminate federal taxes on tips for service workers. He stated that tips would be "100% yours" and that there would be "no taxes on tips". Beginning in 2025, the “No Tax on Tips” provision creates a federal income-tax deduction letting eligible tipped workers exclude up to $25,000 of qualified tips from federal taxable income for 2025–2028. It’s a deduction, not a tax-free miracle: payroll taxes (Social Security and Medicare) still apply,
Sandra Lea
Jan 176 min read


Annual Tax Planning for Small Businesses
Maximize Your Profits with Annual Tax Planning for Small Businesses Tax season can be a daunting time for any small business owner—it...
Sandra Lea
Aug 10, 20244 min read


Small Business Success Starts Here
Streamline Your Finances with Outsourced Monthly Accounting Running a small business can be thrilling, but it also comes with its fair...
Sandra Lea
Aug 8, 20244 min read


The Benefits of All Accounts Consulting for Your Business’s Bookkeeping Needs
As a business owner, bookkeeping can be one of the most time-consuming and difficult tasks you do on a regular basis. Fortunately, there...
Sandra Lea
Feb 24, 20232 min read
All Accounts Consulting Blog
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