When: 05-02-2023 03:00 PM (CT)
Speaker: Ying Sa
Description: Tips and Gratuities are an essential aspect of running a restaurant, but they can also come with their own accounting challenges. When restaurant staff receives tips, both employee and employer incur legal obligations to the IRS to correctly record the tip amounts, comply with reporting requirements, and pay income and payroll taxes. On the employer side, it is important to create a fair system for employees that makes sure employees are rewarded for their service, and also comply with IRS regulations. If you are feeling overwhelmed by managing tips at your restaurant, Ying will help make it understandable for you today. Come join in to learn about the essentials of restaurant tips for the business!