What Employees and Employers Need to Know About Reporting Tip Income

October 19, 2015

Tips are defined as payments made by customers without compulsion. In most restaurants throughout the country, servers receive tips from the customers that they serve. Customers are entitled to determine the amount of their tips. Other restaurant employees who typically receive tips in addition to their hourly wages include bussers, food-runners, bartenders, hosts, and cashiers….
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Do I Need to Pay Taxes for Income Earned From a Hobby?

October 7, 2015

Millions of people across the country engage in hobbies in order to relax from the hustle and bustle of everyday life. For many people, hobbies also offer an additional source of income. The question is: Do hobbyists need to worry about paying taxes for their activities? The answer is yes. According to the IRS, all…
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