Lisa Murphy

Lisa Murphy

Personal Finance Editor

MS Accounting

W-2 compliance employer obligations FICA

Lisa Murphy is a personal finance editor covering taxes, payroll, and small-business finance. Lisa has written hundreds of explainers helping workers and employers make sense of the rules.

Articles by Lisa

Deduct Business Expenses from Tips on Your Tax Return in 2025

Deduct business expenses from tips on your tax return in 2025, with a $25,000 cap. Report tip income and expenses on Form 4137 and attach supporting documentati

Do Servers Have to Claim All Their Tips: IRS Rules and Exceptions

Do servers have to claim all their tips? Understand IRS rules on tip income, exceptions, and how employers claim an 8% credit against payroll taxes.