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Gratuity: Taxation and Management of Tipped Employees

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

Summary

Gratuity: Taxation and Management of Tipped Employees

Workshop Description/Agenda

Benefits
Understand common challenges under the FLSA for employers of tipped employees. Love it or hate it, tipping is probably not going away any time soon. For employers, tipping creates both tax and employment law risks, in part because employees are partially in control of tips. Gain an understanding of tax compliance for tips, including what is and is not a tip, how tips are taxed and who is responsible for reporting. We will also focus on employment law compliance with tips, and the most common mistakes employers make and how to avoid them.

Agenda
Understanding Compensation
ï What Are Tips
ï What Are Service Charges
ï How Do Tips and Services Charges Differ From Wages

Taxation of Tips
ï Employee Reporting Obligations
ï Employer Reporting Obligations
ï Tip Credits
ï Tip Agreements
ï Tip Credits for Tax Purposes
ï Penalties for Noncompliance

Employment Law Issues With Tipped Employees
ï FLSA Issues, Including Elimination of the "80/20" Rule
ï State Law Issues
ï Tip Pooling and Dual Jobs

Faculty
William Hays Weissman with Littler Mendelson P.C.

Credits
AIPB ,CPP/FPC ,CPE ,HR Certification Institute ,SHRM ,Additional credit may be available upon request.

Who Should Attend

This live webinar is designed for payroll administrators, human resource and payroll managers, controllers, CFOs, accountants, bookkeepers, presidents, vice presidents, business owners and managers.

Additional Information

Training Provider: Lorman Education Services

Course Topics: Accounting Training > Payroll

Training Course Summary: Gratuity: Taxation and Management of Tipped Employees


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