by Find a Good Accountant | May 21, 2025 | Uncategorized
The U.S. Senate recently passed the “No Tax on Tips Act,” a bipartisan bill aiming to exempt up to $25,000 in annual cash tips from federal income taxes for certain service sector workers. The bill now awaits consideration in the House of Representatives....
by Jorden Chryss, CPA | May 21, 2025 | Uncategorized
7 📉 Impact on Your Palm Springs, CA Business The Qualified Business Income (QBI) deduction, a significant tax benefit for many small business owners, is slated to expire on December 31, 2025. This deduction currently allows eligible pass-through entities to deduct up...
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