1

Converting your home into a rental property?

Converting your home into a rental property?

In some cases, homeowners decide to move to new residences, but keep their present homes as a rental property. If you’re thinking of doing this, you’re probably aware of the financial risks and rewards. However, you also should know that renting out your home carries...
FICA tax credit for businesses on tip income paid

FICA tax credit for businesses on tip income paid

If you’re an employer with a business where tipping is customary for providing food and beverages, you may qualify for a federal tax credit involving the Social Security and Medicare (FICA) taxes that you pay on your employees’ tip income. Basics of the credit The...