Nathan Walker, CPA contributed to this month's issue of the New Hampshire Business Review. Nathan answered a question on tax credits that businesses often miss with a focus on the tip credit.
"Q: Can you provide guidance on common tax deductions and credits that businesses often overlook during tax preparation that could potentially save them money?
A: One of the most commonly overlooked credits is the “tip credit” or the “credit for employer Social Security and Medicare tax paid on certain employee tips,” as the Internal Revenue Service verbosely calls it."
Click here to read the full article!
A: One of the most commonly overlooked credits is the “tip credit” or the “credit for employer Social Security and Medicare tax paid on certain employee tips,” as the Internal Revenue Service verbosely calls it."
Click here to read the full article!
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