Accounting Best Practices for Restaurants With Tipped Employees

August 2024 Restaurant workers (including servers and waitstaff) often rely heavily on tips to earn a living wage—so it's important for restaurant owners to understand federal and state laws and regulations related to the distribution and reporting of tips as wages. This area of tax law can get rather complex, which is why it's never a bad idea for restaurant owners to have a tax advisor that they can rely on to provide additional clarification and guidance when needed. View the full article here.