Decoding the No Tax on Tips Act: A Comprehensive Guide for Employees and Employers The idea of a “No Tax on Tips Act” might sound appealing, promising a windfall for tipped employees. However, the reality is far more nuanced. There is no single, overarching federal law in the United States officially titled “No Tax on … Read more
US Senate & the Taxation of Tips: A Comprehensive Guide for Employees and Employers The question of whether the US Senate will implement a tax on tips is a complex one, fraught with misconceptions and varying interpretations. This comprehensive guide aims to clarify the current legal landscape surrounding tip taxation in the United States, dispelling … Read more
Decoding the Trump Tax Cuts and Jobs Act: Long-Term Impacts and Unintended Consequences The Tax Cuts and Jobs Act (TCJA), signed into law by President Donald Trump in December 2017, represents one of the most significant tax overhauls in recent American history. While touted as a catalyst for economic growth and job creation, its long-term … Read more
