The Gloss Report

The American Edit on Style, Culture & Business

Business

Dow, S&P 500 and Nasdaq All Close at Record Highs as Amazon Tops $3 Trillion
Business

Dow, S&P 500 and Nasdaq All Close at Record Highs as Amazon Tops $3 Trillion

Wall Street's three major indexes hit fresh records the same day Amazon's market capitalization crossed $3 trillion for the first time, even as Jeff Bezos sold roughly $4.1 billion in shares.

Sapphire Nails & Spa: The Charge That Doesn't Show Up: What Every Nail Salon Owner Should Understand About Taxes
Business

Sapphire Nails & Spa: The Charge That Doesn't Show Up: What Every Nail Salon Owner Should Understand About Taxes

Charging part of a service on the card and quietly collecting the rest off the books has a name, skimming, and it is one of the surest ways to raise concern with the IRS. Here is why it is riskier than it looks, and what honest owners do instead.

Divided Federal Reserve Holds Rates Steady as Three Regional Presidents Dissent
Business

Divided Federal Reserve Holds Rates Steady as Three Regional Presidents Dissent

The Fed kept its benchmark rate in a 3.5% to 3.75% range in a 9-3 vote, with policymakers citing inflation that has stayed above target for more than five years.

Sandynails & Spa: The Card Reader That's Always Down: What Every Owner Should Know About Payment Apps and the IRS
Business

Sandynails & Spa: The Card Reader That's Always Down: What Every Owner Should Know About Payment Apps and the IRS

When the card reader is conveniently down and everyone is asked to pay by Zelle, Venmo, or cash, the money is easy to leave off the books. Here is why that habit raises concern with the IRS, and why the trail is never as invisible as it looks.

Half on the Check, Half in Cash: The Payroll Habit the IRS Takes Most Seriously | Natural Nail Day Spa
Business

Half on the Check, Half in Cash: The Payroll Habit the IRS Takes Most Seriously | Natural Nail Day Spa

Paying part of a worker's wages in cash off the books can feel like a win for everyone, but of all the habits in this series it's the one the IRS treats most seriously. Here is why it raises concern, and why it quietly hurts your staff too.

Rose Nails in Green: The Charge That Doesn't Show Up: What Every Nail Salon Owner Should Understand About Taxes
Business

Rose Nails in Green: The Charge That Doesn't Show Up: What Every Nail Salon Owner Should Understand About Taxes

Charging part of a service on the card and quietly collecting the rest off the books has a name, skimming, and it is one of the surest ways to raise concern with the IRS. Here is why it is riskier than it looks, and what honest owners do instead.