by Heimlantz | Sep 25, 2019 | The HeimLantz Advisor Newsletter, Volume 3 Issue 3
Anyone who collects tips must include those tips in their taxable income. This requirement is not limited to waiters and waitresses; it applies to anyone who collects tips, including taxicab, Uber, Lyft, and similar drivers; beauticians; porters; concierges; and...
by Heimlantz | Sep 25, 2019 | The HeimLantz Advisor Newsletter, Volume 3 Issue 3
October 2019 Individual Due Dates October 10 – Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during September, you are required to report them to your employer on IRS Form 4070 no later than October 10. Your...
by Heimlantz | Sep 25, 2019 | The HeimLantz Advisor Newsletter, Volume 3 Issue 3
Growing your business to the point that you need to start hiring employees is exciting. It’s also rife with administrative burdens that you don’t want to be unprepared for. When taking on a new hire, you need more than 1) the assurance your cash flow is sufficient to...
by Heimlantz | Jun 14, 2019 | The HeimLantz Advisor Newsletter, Volume 3 Issue 2
Now that most tax refunds are deposited directly into taxpayers’ bank accounts, the dream of opening your mailbox and finding an IRS refund is all but gone. However, the IRS still sends letters that can increase taxpayers’ heart rates; because of extensive computer...
by Heimlantz | Jun 14, 2019 | The HeimLantz Advisor Newsletter, Volume 3 Issue 2
Starting a small business can be one of the most exciting and rewarding events in someone’s life. But it can also be extremely stressful. If you’re thinking about becoming an entrepreneur, you might have more questions swirling around in your mind right now than you...
by Heimlantz | Jun 14, 2019 | The HeimLantz Advisor Newsletter, Volume 3 Issue 2
There is an excellent chance that even if you’re an expert in your particular industry, you’re probably not an expert in small business finances. This may not seem like that big of an issue on the surface. However, in order to make the best decisions...
