Dollars and Sense: How to Report and Withhold Tax on Tips
Homebase
DECEMBER 22, 2023
As tipping options continue to pop up in new places like fast-food restaurants, stadiums, and even retail stores, business owners and managers must figure out how to properly track, report, and withhold taxes for this additional income. Tips are most commonly expected in restaurants, hotels, beauty salons, taxis, and food delivery.
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