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.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
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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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on February 21, 2019.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
William Hays Weissman
Littler Mendelson P.C.
- Shareholder and chair of the Employment Taxes Practice Group of the law firm of Littler Mendelson, P.C
- Has a national legal practice devoted to a broad range of employment matters, including extensive counseling to employers on multistate taxation
- Former chair of the Employment Tax Committee of the Taxation Section of the American Bar Association and the Taxation Committee of the Business Law Section of the American Bar Association
- Author or co-author of over 300 articles on various employment and tax-related issues
- J.D. degree, District of Columbia School of Law; LL.M. degree in taxation, Golden Gate Uni-versity School of Law; M.B.A. degree, University of California at Davis Graduate School of Management
- Can be contacted at [email protected] or 925-927-4545
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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