posts tagged as Tipping
DOL Plans to Rescind Tip Pooling Regulations
In late July, the Department of Labor (DOL) announced plans to repeal the 2011 regulations that limited tip pooling under the Fair Labor Standards Act (FLSA), 29 C.F.R. 531.52 (2011).
Event Recap: Restaurant Finance & Development Conference
Last week, our team attended Restaurant Finance Monitor's annual Restaurant Finance & Development Conference, where we spent three days connecting with industry colleagues about all things restaurant finance, operations and...
Tax Considerations Related to Tips vs. Service Charges
The recent IRS rules that redefined tips and service charges are still generating a great deal of questions from restaurants. Understanding how to implement these new rules when it comes to catering and delivery can be challenging.
Are the scales tipping towards no tipping?
There is a trend slowly picking up steam in the restaurant industry – and it has nothing to do with bacon, kale or cronuts. Across the country, from New York City to California, restaurants are adopting no-tip policies.
IRS Update on Service Charges vs. Tips
The IRS began enforcing the rule that service charges are considered part of an employee’s wage – not a tip – and are therefore subject to withholding and reporting requirements.