taxes « Tip20! – Waiter, Waitress, Bartender, Kitchen & Consumer

IRS Cracking Down on Tip Reporting

The IRS figures the food and beverage business should be sending in some 200,000 tip disclosure forms every year. But only about a quarter ever show up. The IRS wouldn’t go on the record, but said it recently hired an outside contractor to identify slackers and that it’s conducting more audits… [...]

Track your Tips with TipTrax

Be smart about your tips. Get the good shifts. Pay the right amount of taxes. Take a look at TipTrax, tip tracking software. [...]

The Importance of Claiming all Your Tips

New employees to the restaurant industry always ask me how much of my tips should I claim and do I have to claim them all. The answer is very easy. “You must claim them all… [...]

Managers & Owners take advantage of easy online payroll.

Everyone knows that payroll can be a bear, specially for a smaller restaurant. Take a gander at one of Tip20′s newest advertisers, Pay Cycle. They are currently offering a great incentive to give them a try, it’s a

Why Should You Tip?

Why should you tip? It is amazing how often this question is asked and debated. To me the answer is painfully obvious. When someone asks me why people should tip, I answer their question with a few of my own… [...]

Tips & Taxes…

There is a misconception that servers are required to report their tips as at least 8% of their sales revenue. 8% is simply a bottom line that the IRS uses when attempting to determine how much a server earned in tips over the year. The IRS does not expect to be paid 8% [...]