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No Tax on Tips: How the New $25,000 Above-the-Line Deduction Actually Works for Servers, Stylists, and Drivers Through 2028

The One Big Beautiful Bill Act creates an above-the-line deduction of up to $25,000 in qualified tips for tax years 2025 through 2028, available only to workers in IRS-listed tipped occupations and phased out above $150,000 MAGI ($300,000 joint).

Tax CreditsTaxPayrollRestaurantBeautySmall BusinessTax ComplianceBookkeeping

Section 45B FICA Tip Credit: How Restaurants and Salons Recover Employer Payroll Tax with Form 8846

The Section 45B FICA Tip Credit returns 7.65% of employer payroll tax on reported tips above a frozen $5.15/hour floor for restaurants — and after OBBBA's 2025 expansion, salons, spas, and other personal-care employers can claim it on Form 8846 too.

RestaurantAccountingCost of Goods SoldPayrollInventoryComplianceSmall BusinessChart of Accounts

Restaurant Accounting Demystified: Prime Cost, Tip Pooling, and COGS

A working guide to the three numbers that decide whether a restaurant makes money — prime cost, food and beverage COGS, and tip pooling — with 2026 benchmarks, FLSA rules, and a weekly accounting cadence.

RestaurantCrowdfundingSmall BusinessFinancial Management

Restaurant Crowdfunding: How to Fund Your Restaurant Through Community Support

Learn how restaurant owners can leverage crowdfunding to turn loyal customers into investors, overcoming traditional financing challenges and fostering community support.

Tax ComplianceFinancial FreedomRestaurantEntrepreneurshipPersonal Finance

From $180,000 in Tax Debt to Financial Freedom: A Restaurant Owner's Journey Back

A restaurant owner's candid account of accumulating $180,000 in tax debt and the steps taken to regain financial stability, offering insights into the challenges faced by entrepreneurs.