top of page
Search


"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


Get Professional Bookkeeping and Accounting Services in The Woodlands, TX
Are you looking for a reliable accounting and bookkeeping service in The Woodlands, TX? All Accounts Consulting is here to help. As...

Sandra Lea
Feb 24, 20232 min read


Quality Tax Preparation & Planning Services in The Woodlands, TX
Are you a resident of The Woodlands, TX and looking for reliable tax preparation and planning services? Look no further than All Accounts...

Sandra Lea
Jan 13, 20232 min read


5 Reasons to Hire an Accountant to File Your Tax Returns
Filing taxes can be a daunting and confusing process. And while it is possible to file taxes yourself, there are many benefits of hiring...

Sandra Lea
Jan 12, 20233 min read


Employee Retention Credit Debacle
What is the “Employee Retention Credit” also referred to at ERC? This was a plan that was established in March of 2020 by the Coronavirus...

Sandra Lea
Dec 23, 20213 min read


DISPARITY IN THE COVID RELIEF FUNDS
As accountants, tax preparers, and business consultants, we have seen first-hand the varying degree of Covid relief that both individuals...

Sandra Lea
Jun 8, 20212 min read
All Accounts Consulting Blog
bottom of page



