Romeo Razi, CPA Jan 18th 💰No Tax on Tips....well sort of. Trump made a promise to the Vegas peeps: "no tax on tips." And that's technically true for some of you, but not all of you. Unfortunately like most tax promises, the devil's in the deductions. The $25K tax-free treat comes with strings attached. So, here are the limitations, conditions, and carve-outs: 🤑 First $25,000 of tips: tax-free ↳ Baristas win. ↳ Bottle service girls? No so fast (see below) 🚧 Here are three hurdles you’ll need...
10 days ago • 5 min read
Romeo Razi, CPA Jan 11th 🧾1099s: one last dance with $600 That's right baby!This is the last year you have to pretend that $600 is a meaningful number. Starting this year (2026), the new 1099 limit is $2,000 (and it's indexed for inflation). Fun Fact: the $600 limit was originally set back in 1954. If they’d adjusted it for inflation, today’s number would be closer to $6,800. But nooooo, Congress decided to go for “kinda better” and ended up landing on “still annoying.” Here's what you...
17 days ago • 5 min read
Romeo Razi, CPA Dec 31st Silver slapped in 2025, and China knows! Wall Street was so busy chasing AI stocks they failed to notice the shiny grey elephant in the room. Silver didn't just do well in 2025, it exploded, going from ~$30 oz to almost ~$80 oz. It outpaced Gold🪙. It outpaced logic. It even outpaced Tiktok. You're probably wondering why? 📈 Investor mania & safe‑haven FOMO ↳ The usual suspects: Fed rates changes coming, the dollar limping, and geopolitical risk around the world.💸...
28 days ago • 6 min read
Romeo Razi, CPA Dec 21st 📊CPI report is late Here's something that happened last week, the CPI report was late (like late, late). 📉 In the world of high-frequency trading and dopamine-fueled demands for instant data, the Bureau of Labor Statistics (BLS) has become the "Bureau of Lag". Allegedly a "website issue" is why there was a delay in the Consumer Price Index. what I think when I hear "website Issue" 📊 Keep in mind, CPI isn’t just another economic stat, it’s the prom king of inflation...
about 1 month ago • 5 min read
Romeo Razi, CPA Dec 9th, 📊Tax planning time again, part deux Everyone is winding down for the year. Time for holiday parties, ugly sweaters, and Secret Santas 🎅 with suspicious budgets. But while some of you are debating whether to spike the office cider, some of us still have anxiety about tax time. Last week I gave you 6 year-end tax moves for individuals. This week it's time to help the business owners. If you're an LLC hoarder, the S Corp dabblers, or part of the “what even is accrual...
about 2 months ago • 5 min read
Romeo Razi, CPA Dec 1st, 📊Tax planning time Man, did 2025 fly by fast. The Fed finally cut rates (a few times), AI’s coming for your job (maybe), consumer debt hit an all-time high, and you still don’t know what “6 7” means. (Honestly, I'm scared to know what the kids are up to) 😤Meanwhile, the IRS? Doesn't care.🏛️Tax Day is still April 15th. So, before you get drunk 🍾 off Uncle Smitty's eggnog, and blackout on all those Amazon returns you will be making, let's talk tax strategies. Here are 6...
about 2 months ago • 4 min read
Romeo Razi, CPA Nov 23rd 📛Unemployment just hit a four-year high So much for the "soft landing" fantasy that J Powell kept whispering (honestly, I almost feel bad for him... almost). To be fair, I can't say I'm shocked. J Powell has been moonlighting as a magician channeling his inner "David Copperfield': sleight of hand over here, missing jobs report over there. Here's what happened in plain English: the BOL (Bureau of Labor Statistics) says that unemployment is 4.4%. Sounds mild, until you...
2 months ago • 4 min read
Romeo Razi, CPA Nov 9th 🏚️First it was 40-year mortgages. Now it's 50. Nothing screams, "American Dream" like 6-decades of debt (just ask college students). The President has a solution to getting young people to buy homes. Stretch the mortgage until you qualify for Social Security. Our leader: Mr. Bold Strategies has come up with a plan that is like rearranging the chairs on the Titanic, but with shabby terms and higher closing costs. Back in 2006, they floated 40-year loans right before the...
3 months ago • 6 min read
Romeo Razi, CPA Nov 2nd 🏦The Fed cut rates again last week, and the reaction was "meh." Jerome Powell pulled the trigger one more time, slicing rates from 4.00% to 3.75%. Romeo, is this "Boo-yah"? Nope! Mr. Market responded like a kid with too many toys: unimpressed and still whining for more. Because no sooner had J‑Pow sat down to finish his sentence, Wall St. leaned in and whispered, “Daddy... December too, right?” Embracing his inner "Tall Paul" Volcker (minus the cigar and spine), he...
3 months ago • 5 min read