Tipped Employees: The Complexities of Handling
Tipped employees can raise a whole new level of complexity for the payroll department. From how much to pay per hour to how to properly handle taxation on tips. States even have special laws in regards to tipped employees. Any company that is in the hospitality field has to deal with these questions on a regular basis. This webinar will give you the tools to better understand how to handle tipped employees. Details on how to tax tipped employees and report tipped wages to the Internal Revenue Service and the employee. Better clarity on how the tip credit works and when applying the tip credit how to keep compliant with state and federal laws. A review of special record keeping requirements on tipped employees will be discussed.Learning ObjectivesBy attending this audio conference you will learn:Reviewing how to handle the tip credit and how it affects the minimum wageRecord Keeping requirements in regards to tipsDiscussion of how to properly calculate overtime tipped employees How to handle taxation on tipsProper year end reporting for tipped employees
Single
Tipped employees can raise a whole new level of complexity for the payroll department. From how much to pay per hour to how to properly handle taxation on tips. States even have special laws in regards to tipped employees. Any company that is in the hospitality field has to deal with these questions on a regular basis.
This webinar will give you the tools to better understand how to handle tipped employees. Details on how to tax tipped employees and report tipped wages to the Internal Revenue Service and the employee. Better clarity on how the tip credit works and when applying the tip credit how to keep compliant with state and federal laws. A review of special record keeping requirements on tipped employees will be discussed.
Learning Objectives
By attending this audio conference you will learn:
- Reviewing how to handle the tip credit and how it affects the minimum wage
- Record Keeping requirements in regards to tips
- Discussion of how to properly calculate overtime tipped employees
- How to handle taxation on tips
- Proper year end reporting for tipped employees