Beauty Business Strategies

Why Cash Tips Are Not Coffee Money

October 21, 2025·27 min
Episode Description from the Publisher

UPDATED NOTES! Laws have been updates since this was recorded. Important updates are time stamped: 7:36 Start discussion about $25k tip income deduction. 10:52 Reminder that laws are still being written. 11:35 Reminder that this is a Federal law, States may or may not do something, FICA still applies. Must file joint return if single. NEW – must have income to take deduction 15:10 Shift to owner’s discussion. 15:58 Could be eligible for $50k ...

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