Florida restaurants owe more back taxes than businesses in any other industry – and by a long shot. At the time of writing, Florida restaurants top the state's list of most delinquent taxpayers, with an aggregate state tax debt of $2.6 million. That's an average of just under half a million per company and a median of $280,000.
The One Big Beautiful Bill, Enacted July 4, 2025. In 2025, the Big Beautiful Tax Bill ushered in numerous changes that affect individuals, small business owners, and investors. This post looks at some of the bill's biggest changes and explains how they'll affect your tax filings and liability. Facing a tax problem? Use TaxCure to find a licensed local professional today.
The IRS puts a lot of scrutiny on tip income – this income is often underreported, and the rules are frequently misunderstood. In 2025, the One Big Beautiful Bill (OBBB) eliminated income tax on up to $25,000 of tip income for tax years 2025 through 2028, giving a break to tipped workers but potentially also creating even more confusion.
Check Out Funny Quotes and Get Tips on Staying on Top of Taxes
Transferring assets to other people can be tempting when you owe back taxes – you might think that putting assets in your children's, spouse's, or a friend's name will prevent the IRS from seizing those assets. Or if you're dealing with a corporation, it might be tempting to make large payments to shareholders or to transfer everything to another corporation.
