Tax & Accounting Blog
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Tax Rules for Tip Jars
Are the cash amounts distributed to individuals from tip jars classified as tips under the Tax Code and subject to FICA tax? The tax rules for tip jars are complex.
Meet Our Transportation Team
This Meet the Team video is our chance to introduce you to the talented, experienced, and fun people who work at Smith Schafer!
Should Your Business Be a C Corporation or a Pass-Through Entity?
The Tax Cuts and Jobs Act (TCJA) introduced a flat 21% federal income tax rate for C corporations for tax years beginning in 2018 and beyond.
Succession Planning Insights for Transportation Company Owners
As a transportation company owner, the decision about how and when to sell your business will be one of the hardest you will ever make.