by Eric Dutton, CPA | Nov 15, 2017 | Business Consulting, Business Valuation, Healthcare, Hospitality & Restaurants, Mergers & Acquisitions, Professional Services, Real Estate & Construction, Tax, Tax Consulting, Tax Watch
As you are probably aware, one of the advantages of doing business as a partnership (or S corporation), as opposed to a regular corporation, is that the business losses “pass through” to the partners and can be deducted by them on their individual tax... by DMJ & Co., PLLC | Oct 13, 2017 | Business Consulting, Hospitality & Restaurants, Manufacturing & Distribution, Professional Services, Real Estate & Construction, Tax Consulting, Tax Watch, Transportation & Trucking
Are you considering increasing your business space or moving your business location in the near future? If so, you should keep in mind the rehabilitation tax credit. In its most common form, the credit is equal to 10% of the qualified rehabilitation expenditures... by DMJ & Co., PLLC | Jul 14, 2017 | Business Consulting, Hospitality & Restaurants, Manufacturing & Distribution, Professional Services, Real Estate & Construction, Tax, Tax Consulting, Tax Watch
The question of whether a worker is an independent contractor or employee for federal income and employment tax purposes is a complex one. It is intensely factual, and the stakes can be very high. If a worker is an employee, the company must withhold federal income... by DMJ & Co., PLLC | Feb 5, 2017 | Hospitality & Restaurants, Tax Watch
If you operate a food and beverage establishment with employees who receive cash tips, you may qualify for a credit. This credit relates to the Social Security taxes you pay on an employee’s cash tip income which is treated (for tax purposes) as paid by you to... by DMJ & Co., PLLC | Sep 20, 2012 | Hospitality & Restaurants, IRS, Tax
The IRS recently issued guidance on the difference between a tip and a service charge. The distinction is important because service charges are considered revenue of the establishment. To the extent that the service charges are, in turn, paid to the employees, that...