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