Have employees who receive tips? Here are the tax implications
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Have employees who receive tips? Here are the tax implications

2023 – 02/06 Many businesses in certain industries employ individuals who receive tips as part of their compensation. These businesses include restaurants, hotels and salons. Tip definition Tips are optional payments that customers make to employees who perform services. They can be cash or noncash. Cash tips include those received directly from customers, electronically paid tips distributed…