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“No Tax on Tips” – Final IRS Regulations and What They Mean for You
Overview The Internal Revenue Service (IRS) has finalized regulations implementing the “No Tax on Tips” provision enacted under the One Big Beautiful Bill Act (OBBBA). These rules clarify how eligible taxpayers may claim a federal income tax deduction for certain tip...
Trust Taxation Basics: Who Pays the Tax? – Part 1
One of the most common questions trustees face is: Who is responsible for paying income tax—the trust or the beneficiary? The answer depends primarily on whether income is retained by the trust or distributed to beneficiaries. Generally, trusts are separate tax-paying...
QuickBooks On-Demand Pay: What Employers Need to Know
QuickBooks recently announced a new feature called On-Demand Pay that will be added automatically to QuickBooks Payroll beginning April 11, 2026. This feature allows employees to request early access to a portion of their earned wages through the QuickBooks Workforce...
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