Andrew Gibson
Small-Business Columnist
MS Accounting
Andrew Gibson is a small-business columnist covering taxes, payroll, and small-business finance. Andrew has written hundreds of explainers helping workers and employers make sense of the rules.
Articles by Andrew
How Much Tax Do I Pay on Cash Tips vs Credit Card Tips?
Cash and credit card tips are taxed the same: ordinary income tax plus 7.65% FICA. Why card tips count as cash tips, and how No Tax on Tips applies to both
Consequences of Not Reporting Tips to the IRS
Not reporting tips can cost back taxes, interest, and a penalty of 50% of the Social Security and Medicare tax owed. How Form 4137 and reasonable cause wor
Understanding Tipped Minimum Wage by State: Rates and Regulations
Stay compliant with state-specific tipped minimum wage rates, regulations, and exemptions as a small-business owner or tipped worker.