By Abbey Lane – Tip20! Contributor.

Unfortunately for most, the days of forgetting about money are over. The importance of saving has kicked in for many Americans as well as many Europeans, and the restaurant industry is no different. The tricky part about business is the idea that you want to give a good deal so people will buy your products and/or services, but you still want to make sure you’re making money. After all, your business is on the popular “must save” mentality as well.

One great way to make this happen is through bundling. Bundling is an easy, inexpensive way for restaurants to offer deals, and consumers have grown to expect bundling from certain kinds of companies. However, bundling can be applied to any sort of business, including the restaurant business.

For those who are unfamiliar, bundling simply means that a customer can get a deal at a company, but only if they buy a few different things from that one business. In other words, you sell a few different things as one product/service. The most obvious example is probably an Internet package. Internet companies often offer cable, phone, and Internet all for one low price. If you were to buy them separately, it would be more expensive. Even if you just bought two of the three items you would be paying a higher rate. This works just as well for restaurants. You may want to offer a bundle complete with your signature bbq sauce, six wings, and a medium fry. It seems simple, but this is considered a bundle.

Bundling works well for a few different reasons:

Why Bundling Can Work for Your Business

• Cost – Bundling allows customers to get a better rate on a larger number of items. This brings in money for the business because customers are buying more than they would have normally, and it works well for consumers because in the long run they will be saving money by buying everything as a bundle.
• Spotlight – Bundling can bring exposure to a new product or service. If you can bundle something new with some of your older, most popular items, people will be more inclined to give it a try. This could help generate referrals in the future and help the sales of any other related items.
• Easy – Bundling is easy for everyone. Although the price is great, this is probably the number one reason bundling works.

Any business that offers more than one product or service can take advantage of bundling. Although it hasn’t been overly popular with many businesses, the ones who do utilize the bundling trick find that it is successful.

Abbey Lane is a writer for Credit Card Compare giving financial advice to small businesses and entrepreneurs. Go to www.creditcardcompare.com.au to learn how to save money with a balance transfer as well as nab some other great advice. 

From Yahoo! News By Melissa Knowles
Just when you may have thought the ongoing battle between the 99% and the 1% was dying down, it may have been reignited. A wealthy banker left a $1.33 tip on a $133 lunch at the True Food Kitchen restaurant in Newport Beach, California.

To add insult to injury the word “tip” was circled on the receipt, and the banker wrote “get a real job” on the bill. The picture of the receipt was taken and uploaded to the blog Future Ex-Banker by a person who was dining with the anonymous banker. As expected, the blog received a lot of attention and has now been taken down. The author of the blog wrote, “mention the 99% in my boss’ presence and feel his wrath. So proudly does he wear his 1% badge of honor that he tips exactly 1% every time he feels the server doesn’t sufficiently bow down to his holiness.”

People online who had a chance to see the blog post before it went offline and those who have been made aware of it on social media outlets are outraged. One person called the tip a “tale of greed and contempt,” and another referred to it as “arrogance personified.” The Web’s general reaction to this story is eerily similar to an almost identical 1% vs. 99% scenario that took place last fall. In Washington state, a waitress received a tip of no money and advice scrawled on the receipt that told her she could “stand to lose a few pounds.”

UPDATE: In a conversation with the Huffington Post, Mike Wilcox, the vice president of operations for True Food Kitchen, gave some insight into how the company was treating the incident since the receipt began receiving attention online. Wilcox said that the restaurant was “absolutely” treating the receipt as real, but to confirm its authenticity for certain, they were in the process of tracking down both the physical receipt at the restaurant and the computer-generated copy in their credit card system.

“The first thing we’re going to do is to make sure the server is taken care of,” Wilcox said, “and make sure the server wasn’t treated badly or insufficiently tipped.” He explained that they would be asking Breanna, the server named on the receipt, if she recalled the table and how her service was. “If her service was up to the level” they assume their employees would deliver, Wilcox said, “they would do everything they can to make it up to her somehow.” Referring to online comments posted about the receipt, Wilcox remarked, “people are asking us to ban the person from the restaurant — if more information came through on who the person is I first would love to talk to him.”

UPDATE 2: It was a hoax! Not cool. Not cool at all. See the details...

See the Yahoo! News Video

There is a petition up to help stop Senate Bill SB 2106 which proposes to slash the hourly wage for tipped employees from the current minimum wage of $4.65/hour to just $2.13/hour – a $2.52/hour pay cut.

If this cut goes through a full-time server could potentially lose more than $5,000 a year in wages.

While it is not apparent who introduced SPB 7210 now SB 2106, it appears to have wide support from the Florida Restaurant and Lodging Association.  Opponents of the bill have received support from  Senator Jeremy Ring, who has voted no on the bill.

This bill has already gone to a regulations committee and the intent is to get it passed and effective by July 1st.

Time is of the essence and it appears we are going backwards. If you support a NO vote on these bills, please do your part by signing the petition and forwarding this information to your friend via email, facebook, Twitter, etc. Particularly if you or a tipped employee you know works or lives in Florida. Sign the petition.

UPDATE 2/20/12: There is an additional petition, directed to the Gov. of Florida that you can sign here. AND there is there is another petition going here. Tipped workers in states other than Florida should pay strict attention to this. If it passes it may become popular with other states and backed by corporations and the hospitality industries. Please share.

Related Article

Owning a restaurant looks like a lot of glitz and glam, but it takes a lot of financial know-how to get to that point. Many first-time restaurant owners consider one or two financial hurdles, but there are many different types of finances to take into consideration. Budgeting for a restaurant is tough, but there are little tips and tricks to help keep your restaurant finances in order. First consider the different types of payments you will need to include in your budget, and then consider some of the ways you can keep those costs down:

What to Include in Your Restaurant Budget

1. Loans – Getting that initial financing isn’t necessary part of the budget; it sets the budget. However, many first-time restaurant owners forget that they will need to pay the bank back for this loan eventually. Therefore, your loan and the interest you are going to pay should be included in your budget. The best way to keep your finances in order when it comes to loans: pay it off as soon as possible. Consider viewing a loan calculator to determine how long you can realistically pay off your loan.
2. Day-to-Day Finances – This includes stocking food and supplies for your restaurant as well as any heating/cooling, electric, and water needs. Although “day to day” sounds fairly minimal, this is a huge cost to factor into restaurant management. This is where bookkeeping and POS systems become extremely important. You should absolutely buy a POS system to keep track of your sales if you are a large restaurant. If your sales get out of control, your restaurant is sure to collapse. Consider hiring someone to help you keep these day-to-day finances in order.
3. Marketing Costs – Marketing for your restaurant will likely change each month. You will probably want to give out some sort of deal or coupon to bring in customers, and this is something you should budget for when considering your finances. Marketing is a key part of a business, so it’s important not to skimp in this area. You want your restaurant to get good publicity, but it doesn’t always have to be expensive. Consider sponsoring and attending local events, using QR Codes, and utilizing local search marketing.
4. Staff – Your staff is going to be a big expense when opening a restaurant. You have to budget for training materials as well as salaries and benefits for each employee. You can help keep these expenses down by creating an airtight training manual. This will help your employees learn faster and make fewer mistakes when they begin working. Also consider hiring younger employees with less experience.

As with any business, there are of course other finances that an owner should include in a budget including surprise expenses (if one of your ovens breaks, you’re going to need a “surprise expense” budget set aside). However, these are the largest financial aspects of owning a restaurant, so it’s important these are budgeted properly. Although it may seem like a lot of money initially, once your business is up and running I think you will find that managing your finances is well worth it in the long run. For more information about restaurant finances specifically, visit Restaurant Finance Monitor.

Abbey Lane is a writer for CreditCardHelp.com.au where she gives financial advice to small businesses and entrepreneurs. Learn about earning frequent flyer points and other restaurant perks by visiting the website. Good luck!

En estos tiempos de apretarse el cinturón en la industria del servicio en cualquier lugar que usted puede ahorrar un dólar ayuda. Un lugar que usted puede reducir sus costos es imprimir sus propios menús. Outsourcing de impresión puede ser muy costoso y consume mucho tiempo. Impresión de ti mismo viene con su propio conjunto de los gastos, por supuesto, pero sólo tiene que imprimir lo que va a utilizar y se puede evitar el desperdicio de gran cantidad de menús caros, fuera de fecha que se imprimieron fuera del sitio.

Usted necesitará una impresora de buena calidad. Afortunadamente, la búsqueda de una impresora aceptable no es difícil ni son caros. Con los años los fabricantes han aprendido que hay más beneficio que se hizo en los cartuchos de tinta que en las ventas de las propias impresoras. La cifra que puede “llegar” con los cartuchos de tinta caros, cortos vida. Pero no te preocupes, no hay alternativa a su plan! Encontrar alta calidad, sin embargo, la tinta de bajo costo no es difícil a través de vendedores tales como Cartuchos de tinta recargables. Asegúrese de que la impresora que usted compra puede acomodar el menú de tamaño que usted necesita. La mayoría de los menús no suelen ser 8 1/2 por 11, por lo que este factor podría importa. Otra consideración es el tipo de papel que va a imprimir. Algunas impresoras pueden tener problemas con cartulina o papeles con textura, para hacer una pequeña investigación en ese departamento.

Mantenerlo menús sencillos, limpios y fáciles de leer. Esto no sólo va a ahorrar tinta, sino que sea más fácil para sus huéspedes. Hay plantillas disponibles para los menús en la web que puede ayudar a ahorrar algo de tiempo en el diseño de un diseño para el menú. Obtener retroalimentación de sus clientes para ver cómo les gusta el diseño del menú y ver lo que iba a cambiar (si acaso). Este tipo de comentarios de los consumidores puede ser muy valiosa en el perfeccionamiento de su menú. Al imprimir sus propios menús puede ser más ágil y capaz de hacer cambios en el menú sobre la marcha.

Escribir su propio menú puede ser una tarea desalentadora, pero en realidad no es tan difícil una vez que empezar. Asegúrese de utilizar la puntuacion menú adecuado para evitar la confusión sobre lo que está incluido y los precios de los artículos. Una vez más, mantener el concisa menú hará maravillas para su negocio!

Así que adelante y se consigue configurar con una impresora decente, algunos de bajo costo, pero la tinta de calidad y comenzar a ahorrar dinero hoy en día. No obstante, usted puede necesitar para encontrar una nueva fuente para el papel de cero!

By Sandra Pedicini, Orlando Sentinel, Reprinted without permission.

A bill that would cut the hourly wages of many waiters and waitresses was unveiled Tuesday by a Florida Senate committee in Tallahassee.

The bill (SPB 7201) would slash Florida’s minimum wage for tipped workers — now $4.65 an hour — to the federal tipped minimum of $2.13 for companies that agree to guarantee that with wages and tips their employees will make at least $9.98 an hour.

The Florida Restaurant and Lodging Association is urging legislators to pass the bill. The trade group says Florida’s tipped minimum is crippling eateries financially, causing companies to cut back workforces and open fewer restaurants in Florida.

Combined with rising costs of food, insurance and implementing the new federal health-care law, “it’s going to be a matter of time before the back of this industry breaks,” said Carol Dover, chief executive officer of the trade group. “Minimum wage is killing them.”

But critics say the bill, which was introduced in the Senate’s commerce and tourism committee but not voted upon, will take money from workers who cannot afford it.

“Anything that reduces people’s wages is not what we need right now,” said Emily Eisenhauer, an associate with the Research Institute on Social & Economic Policy at Florida International University.

In Florida, the average hourly wage for a waiter or waitress is just under $10 per hour, according to the federal Bureau of Labor Statistics.

Dover argues that many make much more than that, and Florida’s current system is “just a very unfair model, when you’re looking at an employee who makes way over the minimum wage.”

Dover pointed out that companies opting to pay the $2.13 rate would have to guarantee all their tipped employees are making at least 130 percent of the state’s minimum wage. If any employees fall short of that figure – now $9.98 – the companies have to make up the difference.

The National Employment Law Project, an advocacy group for lower-wage workers, says the bill appears unconstitutional. A state constitutional amendment establishing minimum wages and raising them each year to keep pace with the cost of living was approved by Florida voters in 2004.

Under that amendment, both the standard and tipped minimum wage rise by the same amount each year, based on inflation. This year it rose 36 cents to $7.67.

State Rep. Scott Randolph, D-Orlando, scoffed at the notion that the minimum wage is keeping restaurants from opening.

“Consumer demand is what drives business,” he said. “If consumer demand is good in Florida, they’re going to continue to open up restaurants.”

A spokesman for Orlando-based Darden Restaurants, the world’s largest casual-dining company, said the company did not know about the bill until the Florida Restaurant and Lodging Association sent out an alert to its members Monday. Darden spokesman Rich Jeffers said the company did not want to comment because it is still studying it.

Florida’s other big casual-dining company, Tampa-based OSI Restaurant Partners, supports the bill, Dover said. The company, which owns Outback Steakhouse, did not respond to a request for comment.

It’s unclear when the bill will next be heard.

UPDATE: There are several petitions going around, read more here…

How can social media such as Twitter com and Facebook com help your local business? Many restauranteurs suffer from incorrectly assuming that because they are a one location, mom-and-pop, brick and mortar operation, they could not benefit from online social marketing media such as Twitter com and Facebook com.  The truth is they couldn’t be more wrong!

Today more than ever, people turn to the web first for information on new places, hot spots and venues to try. They often value what their friends have to say and want to be up on the latest buzz spots. To be absent in these markets is really missing the boat. Incredibly, this sort of marketing is simple and free!

Does your restaurant have daily specials? If so, what better way to get them out there than a quick Tweet on Twitter com a couple times a day? There are even solutions to help you automate the process! Put a status update on Facebook com with your specials, happy hours and events. It takes virtually no time at all and will cost you nothing. You simply can’t get a better review than a follower “liking” your post for all their friends to see or re-tweeting your special to all of their followers!

Setting up a “like” page on Facebook or a Twitter com page is very easy and painless. You will see that there is ample instruction and can be done in just a few minutes. Companies that fail to embrace the current social communication trends are unnecessarily making themselves non-competitive and putting themselves in danger of becoming irrelevant. Businesses on Twitter com and Facebook com simply appear to be on the cutting edge and therefore more relevant.

Recommended strategies include:

• Daily Tweets of specials and/or upcoming events
• Facebook status updates of available reservation times
• Customizing your Twitter com profile page to closely match your current website or brand.
• Advertising your Facebook and Twitter com pages in your print marketing, menus, website and signage.

It is also important to advertise that you can be found on Twitter com and facebook com. People will keep track of places they like and when it comes to a Friday night and there is a decision to be made where to go, it could be your business that was the most recent place they heard from, simply because you put the bug in their ear!

You can find Tip20! on Twitter com and Facebook com too, please look us up!

When it comes to shoes, as in many professions, servers spend many many hours on their feet. One big difference however, is that at a busy restaurant, a server may not get a break. Not one chance to sit and take a load off. Waiters, waitresses and bartenders often have to keep running to meet the needs and expectations of their tables.

In addition to the shear length of time on their feet, the surfaces of the flooring can range greatly and be often tough to navigate, surfaces such as wet tile, hard wood, wharfs, and carpet. It is imperative that a server has a good quality, pair of slip resistant work shoes.

Prolonged use of the wrong shoes can lead to foot and back problems such as, stress fractures, tendonitis, plantar fasciitis, and acute and chronic osteoarthritis. This can be debilitating, and lead to time away from work and worse, permanent and recurring damage to the body.

While shopping for good quality shoes, keep in mind the following tips:

• Look for a light weight pair of shoes. You may be walking literally thousands of steps on any given shift. Each step you take can add up. The lighter the shoe, the less lifting you will be doing.

• Be sure to get slip resistant shoes, aside from wet areas, kitchen floors can have grease and oil on them. You may not always fall to the ground, but even something as simple as a twisted ankle can cause forced time away from work.

• A great fit, the right size and propped arch support. Shoes that are to big can slip, rub and chafe causing painfully sores and abrasions. Shoes that are to small can cause toe pain and overall achy feet.

When you have made the proper selection of shoe, the comfort and proper arch support should be built in, so you won’t feel compelled to purchase insoles or other slip in foot support.

Most online shoe retailers such as Shoes for Crews or zappos.com have very good return policies so that you don’t have to be stuck with a pair of work shoes that just aren’t right. There have been great strides (no pun intended) in the service shoe industry as well. Slip resistant shoes no longer need to look like something for a retirement home. Service and hospitality shoes now have great current styles available for men and women from conservative fine dining dress shoes to ultra-casual tennis shoe styles.

If you are on your feet for long tireless shifts, do yourself a favor and get a pair of good, high quality comfortable slip resistant work shoes. Your body will thank you and with that smile on your face longer, you’re destined to improve your tips!

Special Deal from Shoes for Crews:

As every restaurant manager knows, the reputation of his establishment is often closely tied to the way it is depicted online. If consumers review the restaurant favorably, these positive accolades can quickly translate into new business and repeat visitors. If they don’t, a restaurant can lose business faster than it takes to post a one-star review. Consumers, ultimately, are increasingly checking Websites such as Yelp, Urbanspoon, and Google Places before going out to eat, and even a couple mediocre reviews can have a very real impact on the dining decisions that they make.

A restaurant that offers good food and solid service can benefit from the free advertising that a review service offers. But even the most reputable dining establishments will get their share of less-than-satisfactory reviews – reviews that bluntly criticize the food, décor, service, price, or any other element of the restaurant. Most managers would probably agree that such criticisms, although to be expected, are unnerving nonetheless.
When you see a negative review, how should you approach it? What should you do? In most situations you’re going to want to respond directly to the review online. This may appease the consumer who gave it, and it can reassure others that you are committed to quality and that any negative experience was likely an aberration.

Here’s a step-by-step approach for dealing with negative reviews:

Step 1: Decide whether to respond

Most negative reviews can be broken down into two broad categories: those that criticize the reviewer’s experience and those that are unhappy with the restaurant as a whole. The former should receive a response while the latter, in most cases, should not. Consider the following two reviews:

A. “Ordered the risotto. It came out sticky, soggy, and tasteless, and the waiter refused to take it back. Very disappointing.”

B. “This is a dark, unappealing, crowded restaurant. You’d be far better off shopping at your local grocer or stocking up at BuyEmergencyFoods.com. Don’t eat here.”

Both of these reviews are highly critical, but only A should merit a response. The reviewer in A gave the restaurant a chance (unlike reviewer B) but simply had a bad experience. Your response may convince them to come back. Along similar lines, a person who reads both reviews is likely to give more credence to A, considering that this review was more specific and factual. You want, then, to respond directly and show the experience to be an aberration.

Step 2: Apologize

Every direct response should begin with an apology, even if you don’t believe that your restaurant or any of your waiters did something wrong. Make sure that you apologize for the “bad experience” that the reviewer had – not for a specific dish or other shortcoming.

Step 3: Note the Experience as an Aberration

Then, you should explicitly convey to the reviewer and to other readers that the experience described was not a usual one. If you were responding to review A above, for example, you may want to say “normally our risotto is very well-received” or “our waiters are expected to take dishes back that do not meet your satisfaction… I will look into this.”

Step 4: Keep Open Channels

Finally, you should end your response on a positive note by making one of two offers. You can offer either (a) that the consumer call to discuss any issues with you personally or (b) more generally, that you hope they visit again and are sure that they will have a better experience when they do. This will demonstrate your desire to concertedly correct the criticism and forge a better relationship in the future.

Following these four steps can help you appropriately respond to negative online reviews. These reviews are unfortunate, but they are ultimately just another part of doing business in the digital age. By being prompt, apologetic, and confident in your response you can negative much of the negative publicity that such a review generates.

112th Congress: 2011-2012, Sponsored March 16th, 2011

To amend the Internal Revenue Code of 1986 to provide that tips shall not be subject to income or employment taxes.

Dr. Ron Paul has been a proponent of tax free tips for a long time.

Paul introduced the Tax Free Tips Act of 2011 in March. The measure would end all income tax, Social Security withholding and other federal levees on any tips earned by salaried workers.

Paul said in 2009, when he introduced a similar bill (H.R. 3664) “Unlike regular wages, a service-sector employee usually has no guarantee of, or legal right to, a tip”.

“Instead, the amount of a tip usually depends on how well an employee satisfies a client. Since the amount of taxes one pays increases along with the size of tip, taxing tips punishes workers for doing a superior job.”

From CampaignForLiberty.org:
“America’s hardworking waiters and waitresses deserve this most basic protection of their wages. Often times they are paid low hourly wages and expected to earn the rest of their income from tips. The problem is that tips aren’t always a guaranteed, steady income and depending on various factors can fluctuate wildly. The IRS makes an estimate of how much service-sector workers will make in tips, and taxes them on it even if the taxpayer did not actually earn as much as the IRS’ estimate!

Many waiters are simply young people trying to put themselves through school or single parents working multiple jobs to try and pay their bills while raising a family. Taxing their hard-earned tips is a disservice to service-sector workers across the country.”

A gratuity should be just that. A gift for a job well done. There is no reason that the government needs to be a part of that thankful exchange. Tip20! Supports Ron Paul.

Related to: http://www.tip20.com/tax-free-tips-act/18

Full text of the bill:

H.R.1139 — Tax Free Tips Act of 2011 (Introduced in House – IH)

HR 1139 IH

112th CONGRESS

1st Session

H. R. 1139

To amend the Internal Revenue Code of 1986 to provide that tips shall not be subject to income or employment taxes.

IN THE HOUSE OF REPRESENTATIVES

March 16, 2011

Mr. PAUL introduced the following bill; which was referred to the Committee on Ways and Means

———————————————————

A BILL

To amend the Internal Revenue Code of 1986 to provide that tips shall not be subject to income or employment taxes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

(a) Short Title- This Act may be cited as the `Tax Free Tips Act of 2011′.

(b) Amendment of 1986 Code- Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1986.

SEC. 2. TIPS NOT SUBJECT TO INCOME OR EMPLOYMENT TAXES.

(a) In General- Section 102 (relating to gifts and inheritances) is amended by adding at the end the following new subsection:

`(d) Tips- For purposes of subsection (a), tips shall be treated as property transferred by gift.’.

(b) Exclusion From Social Security Taxes-

(1) SOCIAL SECURITY TAXES-

(A) Paragraph (12) of section 3121(a) is amended to read as follows:

`(12) tips;’.

(B) Section 3121 is amended by striking subsection (q) (relating to tips included for both employee and employer taxes).

(C) Subsection (a) of section 3102 is amended by striking `; and an employer who is furnished by an employee a written statement of tips (received in a calendar month) pursuant to section 6053(a) to which paragraph (12)(B) of section 3121(a) is applicable may deduct an amount equivalent to such tax with respect to such tips from any wages of the employee (exclusive of tips) under his control, even though at the time such statement is furnished the total amount of the tips included in statements furnished to the employer as having been received by the employee in such calendar month in the course of his employment by such employer is less than $20′.

(D) Section 3102 is amended by striking subsection (c) (relating to special rule for tips).

(E) Subsection (a) of section 3202 is amended by striking the second sentence.

(2) TIER 1 RAILROAD RETIREMENT-

(A) Section 3202 is amended by striking subsection (c).

(B) Paragraph (3) of section 3231(e) is amended to read as follows:

`(3) Solely for purposes of the taxes imposed by section 3201 and other provisions of this chapter insofar as they relate to such taxes, the term `compensation’ shall not include tips.’.

(C) Section 3231 is amended by striking subsection (h).

(c) Exclusion From Unemployment Compensation Taxes- Subsection (s) of section 3306 is amended to read as follows:

`(s) Tips Not Treated as Wages- For purposes of this chapter, the term `wages’ shall not include tips.’.

(d) Exclusion From Wage Withholding-

(1) Paragraph (16) of section 3401(a) is amended to read as follows:

`(16) tips;’.

(2) Section 3401 is amended by striking subsection (f).

(3) Section 3402 is amended by striking subsection (k).

(e) Tips Defined- Subsection (a) of section 7701 (relating to definitions) is amended by adding at the end the following new paragraph:

`(51) TIPS- The term `tips’ includes any gratuity provided to a salaried employee by a customer or client of the employer’s business.’.

(f) Conforming Amendments-

(1) Clause (i) of section 32(c)(2)(A) (defining earned income) is amended by striking `tips,’.

(2)(A) Section 45B (relating to credit for portion of employer social security taxes paid with respect to employee cash tips) is hereby repealed.

(B) The table of sections for subpart D of part IV of subchapter A of chapter 1 is amended by striking the item relating to section 45B.

(C) Subsection (b) of section 38 is amended by striking paragraph (11) and by redesignating the succeeding paragraphs accordingly.

(D) Subsection (c) of section 196 is amended by striking paragraph (8) and by redesignating the succeeding paragraphs accordingly.

(E) Subsection (m) of section 6501 is amended by striking `45B,’.

(3) Section 220(b)(4)(A) is amended by striking `tips,’.

(4) Section 451 is amended by striking subsection (c).

(5) Section 6001 is amended by striking the last sentence.

(6) Section 6041 is amended by striking subsection (e).

(7) Subsection (c) of section 6041A is amended by striking `, 6052, or 6053′ and inserting `or 6052′.

(8) Subsection (a) of section 6051 is amended by striking `In the case of tips received by an employee in the course of his employment, the amounts required to be shown by paragraphs (3) and (5) shall include only such tips as are included in statements furnished to the employer pursuant to section 6053(a).’.

(9) Section 6053 (relating to tip reporting) is hereby repealed.

(10) The table of sections for subpart C of part III of subchapter A of chapter 61 is amended by striking the item relating to section 6053.

(11) Section 6652 is amended by striking subsection (b) (relating to failure to report tips).

(12) Section 6674 (relating to fraudulent statement or failure to furnish statement to employee) is amended by striking `or 6053(b)’ each place it appears.

(13) Subparagraph (B) of section 6724(d)(1) is amended by striking clause (xvi) and redesignating the succeeding clauses accordingly.

(14) Paragraph (2) of section 6724(d) is amended by striking subparagraph (X) and redesignating the succeeding subparagraphs accordingly.

(g) Effective Date- The amendments made by this section shall apply to tips received in calendar months beginning after the date of the enactment of this Act.

———————————————

Sources: thomas.gov, CampaignForLiberty, New York Post