Everything You Need to Know About IRS Tip Reporting

Tips represent a significant portion of a worker's income in the restaurant and hospitality industries. As tipped income is considered taxable income, both employees and employees have specific reporting requirements. Learn about the IRS tip reporting guidelines in this post, written for the Toast Restaurant Management Blog

About the Author

Michelle Mire

As Wagepoint's Content Manager, Michelle enjoys simplifying complex payroll topics and creating engaging small business and partner content. When not at the keyboard, she enjoys chocolate, running and quality television (not always in that order).

Follow on Twitter Follow on Linkedin Visit Website More Content by Michelle Mire
Previous Article
Preparing Yourself for the Cost of Employees
Preparing Yourself for the Cost of Employees

The salary or wages you pay an employee are only 70% of the total cost of having an employee. The other 30%...

Next Article
How to Choose the Right Accountant for Your Business
How to Choose the Right Accountant for Your Business

Finding the right accountant for your small business or startup is a very important decision. Focusing on t...

×

First Name
Last Name
Country
!
Thank you!
Error - something went wrong!