The most important issue facing restaurant owners today: tip reporting | FastCasual.com

With the government currently expanding the number of IRS agents by 4500, the “8% rule” of reporting tips is no longer good enough to keep the IRS off your restaurant’s case. It’s never been good enough, “legally”, to keep your restaurant out of trouble, but in the past the government hasn’t had enough man power to adequately enforce tip reporting regulations.

The following article on tip reporting shares a brief history of reporting regulation, so give it a read then evaluate your current practices with your CPA and see if you need to improve your own reporting practices….

The most important issue facing restaurant owners today: tip reporting | FastCasual.com.