Author Archives: Rudy Gavrilov

Service Charges, Tips and Taxes, Demystified

Service Charges and Tips Must Be in Compliance with Current Tax Laws

Service Charges? Tips? Who knows the difference? Who needs to know about them? Can we just lump tips and service charges all together for taxes? In our previous blog, we focused your tax duties if you were an employee who received tips from customers. In this blog we will turn the tables, so to speak,…

How To Report Tips to the IRS

Income records from tips can be a journal or on IRS Forms

Tips and Tax Rules, as specified by the IRS can be confusing.  This is especially so if you are not accustomed to the language and forms used by the Internal Revenue Service.  And you absolutely must know the rules about taxes and tipping if you own or run a restaurant or beauty salon. Tips and…

The Tax and Oversight Package: Wildfires and a Lame Duck

Tax and Oversight Package: You may need special assistance.

Presenting the Tax and Oversight Package:  Gavrilov & Co. brings you news this week of the powerful and hard-working legislators of the Ways and Means Committee.  Announced on Monday of this week by Chairman Kevin Brady, R-Texas, the Tax, and Oversight Package is ambitious and far-reaching. He cited the new Tax and Oversight Package as he…

Real Thanksgiving Gratitude Comes Tax-Free!

Thanksgiving for Friends and Family is the order of the day

Thanksgiving is the perfect time to express our thank our friends and family, for being in our lives. At Gavrilov & Co Accounting and Tax Services, gratitude is our Thanksgiving attitude and it comes tax-free. We also send out a very special Thanksgiving Thanks and Greeting to our business partners, associates and clients. Best Greetings…

Opportunity Zones, Capital Gains and Main Street, USA

Real Estate is Owned thru REIT by 80,000,000 Americans

Opportunity Zones include distressed, underdeveloped areas.  These are lower economic zones in which both residents and the government would prefer to see a thriving community.  Gavrilov & Co introduced Opportunity Zones in the previous blog simply as a part of a News Flash.  Now we present some intense details on the subject. How to Save…

Advantages of Your Gavrilov & Co Business Plan

Effective planning is one of the advantages of good business planning.

The advantages of a great business plan are not easy to perceive at first glance.  In our previous blog, we introduced our new business plan template.  And this template is free to our webpage visitors and blog readers.  We sent you three reasons to utilize it.  Likewise, we promised you at least three more details about…

Our Business Plan Template: a Gift for Your Company’s Success

Service Charges and Tips Have Different Rules

Our Business Plan template awaits you on our homepage. When you fill out a business plan, we assure you that you will have a better plan for a successful company.  In fact, it should not be called a business plan. It should be named a success plan. Whether you are just opening a start-up business or…

Tax Break Alert: Big News for Small Business Owners

Take A Capital Gains Deduction

The 20 percent tax break for owners of small businesses has been big news for small business owners for months. Taking a deduction for 20 percent of your taxable income could make a big difference in your tax planning and business budget. Since tax planning has been our topic for the beginning of fall, we…

Save Tax Money With Tax Planning, 2018-2019 and Beyond

Deadlines for taxes have been adjusted as Hurricane Florence causes floods.

Save tax money with careful tax planning.  In this blog we expand our ideas of tax planning into some profitable advice. Recently our blog offered you a triple scoop, not of ice cream, but of ways to save on taxes with careful tax planning. How to Save Tax Dollars after the Tax Cuts and Job Act …

Labor Day Honors and Statistics in the USA

Labor Day is also a time to remember early workers and their struggle to make working conditions human.

Labor Day marks the end of summer.  And for many, it is the last care-free summer holiday before fall schedules and school terms take over their lives.  Labor Day is such a mysterious and perhaps misunderstood holiday that we depart from our usual tax and accounting topics, to bring you some special Labor Day facts…