Adam West
Small-Business Columnist
BBA Finance
Adam West is a small-business columnist covering taxes, payroll, and small-business finance. Adam has written hundreds of explainers helping workers and employers make sense of the rules.
Articles by Adam
FICA Tip Credit Benefits for Restaurants: Employer Guidance
Claim the FICA tip credit on Form 8846 and Schedule H (Form 941) to reduce FICA tax liability and boost profits for your restaurant.
Cash Tips vs Credit Card Tips Tax: What You Need to Know
For tax years 2025–2028, cash tips and credit card tips tax have different implications. Discover how the No Tax on Tips deduction applies to cash tips and redu
Understanding Form 4137 for Unreported Tips: A Guide for Tipped Workers and Employers
Discover how to report unreported tips with Form 4137, a crucial document for tipped workers and employers. Find out when to file and what to report.
A Guide to Reporting Cash Tips: What You Need to Know
Reporting cash tips is crucial for tipped employees and employers to avoid penalties and fines. Learn the IRS guidelines and W-2 form requirements.
TTOC Penalties 2026: What Happens If You Report the Wrong Code?
Missing or incorrect TTOC codes on W-2 forms can cost $60–$680 per form. Here's the full penalty structure, key deadlines, and how to avoid fines.