Tips are optional payments a customer makes to a service provider and may be offered in different ways. Tips may consist of ...

Capping off the first month of 2025, the Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 004-2025 (RR No. 4-25), amending the rules on certain de minimis benefits. It increased ...

Taxpayers should give consideration to the form in which they make charitable donations. They might deliver more benefits to themselves and the charities.

Imputed earnings refer to income that is assigned to an individual by a government agency or a court, even if they do not ...

This non-cash expense reduces your taxable income, saving you thousands of dollars annually. For private real estate partnership investors, the benefits of depreciation are even more pronounced.

Specifically, if employer-provided coverage is greater than $50,000, the excess amount is considered a non-cash fringe benefit, and the premiums for that extra coverage become taxable income for ...

The Legality of Rent Reductions as Benefits in Kind: Are They Taxable and How to Declare Them? Rent reductions provided by landlords to tenants in exchange for services or other non-cash ...

Featuring insights from Courtney Tsai at DAFgiving360 TM, you’ll gain a practical understanding of how donor-advised funds and non-cash asset contributions can unlock significant tax benefits ...