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Gratuity: Taxation and Management of Tipped Employees - Webinar

  • ID: 4745870
  • Webinar
  • February 2019
  • Region: Global
  • Lorman Business Center, Inc.
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.

Learning Objectives
  • You will be able to define compensation.
  • You will be able to discuss employee and employer obligations.
  • You will be able to explain the penalties for noncompliance.
  • You will be able to review employment law issues with tipped employees.
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Understanding Compensation
  • What Are Tips
  • What Are Service Charges
  • How Do Tips and Services Charges Differ From Wages
Taxation of Tips
  • Employee Reporting Obligations
  • Employer Reporting Obligations
  • Tip Credits
  • Tip Agreements
  • Tip Credits for Tax Purposes
  • Penalties for Noncompliance
Employment Law Issues With Tipped Employees
  • FLSA Issues, Including Elimination of the "80/20" Rule
  • State Law Issues
  • Tip Pooling and Dual Jobs
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William Hays Weissman - Littler Mendelson P.C.
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This webinar is designed for payroll administrators, human resource managers, controllers, CFOs, accountants, business owners and managers.
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