Maximizing Restaurant Efficiency and Employee Success

May 2023 Payroll is one of the trickiest tasks many businesses have to face. In the restaurant business, many employees receive a substantial part of their income from tips paid by customers. Tips are taxable income, so both restaurants and tipped employees must report them on their tax returns. Restaurants that do it right, however, may take advantage of a tax credit. Read on to learn more about how restaurants can handle tipped income accounting most effectively. View the full article here.