Today is World Bartender Day! Bartenders like many others in the service industry survive on tips. Tips are considered part of their pay so you guessed it they're taxable. If you are a bartender, server or employer and have employees that receive tips, read on to learn the skinny on tips and taxes: Tips your employees receive from customers are generally subject to withholding. Employees are required to claim all tip income received. This includes tips you paid over to the e

Today is National Clean out your Computer Day. It falls on the second Monday in February every year. Originally sponsored by the Institute for Business Technology in the year 2000, it was started to remind you to take a look at your files and programs on your computer and organize and delete old files that could be clogging memory and slowing down your computer. Sometimes this may not be enough though and it may be time for an upgrade. I know change can be tough but if you're

The Tax Cuts and Jobs Act made many changes to the individual tax law and this includes the AMT (the alternative minimum tax). What is the Alternative Minimum Tax? The AMT is a different way to calculate federal income tax in the United States. It was implemented to ensure that high-income households paid their fair share of taxes, regardless of how many deductions they were entitled to. The AMT is calculated by starting with your adjusted gross income and adding back in a bu