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Tip Credit and Tip Pooling: FLSA Considerations and Limitations

presented by Lorman Education Services
View the Lorman Education Services Profile and Course Listings

Summary

Tip Credit and Tip Pooling: FLSA Considerations and Limitations

Workshop Description/Agenda

Benefits
Gain the information you need to navigate the complex subject of lawful tip pooling. Many employers, particularly in the hospitality industry, rely on tips to help supplement their employees wages. Many do not have a good understanding of who a tipped employee is under the law, or how their employees may pool their tips. This topic will help those employers avail themselves of the tip credit in a lawful manner under the Fair Labor Standards Act (FLSA). The information will also help employers navigate the complex subject of lawful tip pooling, such as who may or may not be included. This material is critical to any employer who relies upon (or would like to avail themselves of) the tip credit.

Agenda
Tip Credit
ï What Is the Tip Credit?
ï Who Is a Tipped Employee?
ï 80/20 Rule
ï Avoiding Liability

Tip Pooling
ï Rules for Tip Pooling
ï Who May Participate
ï Who May Not Participate

Other Issues
ï Calculating Overtime With Tip Credit
ï IRS Issues
ï Credit Card Tips
ï Service Charges
ï Future of the Tip Credit

Faculty
Brian Bodansky with Jackson Lewis P.C.

Credits
AIPB ,CPP/FPC ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,HR Certification Institute ,CPE ,SHRM ,Additional credit may be available upon request.

Who Should Attend

Human resource and payroll managers, accountants, controllers, CFOs, business owners and managers, bookkeepers and attorneys

Additional Information

Training Provider: Lorman Education Services

Course Topics: Law Training > Other

Training Course Summary: Tip Credit and Tip Pooling: FLSA Considerations and Limitations