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Live Webinar

60-minute live streaming program
  • February 21
  • 1:00 - 2:00 pm EST

Also available as:

OnDemand Webinar

Gratuity: Taxation and Management of Tipped Employees

February 21

Understand common challenges under the FLSA for employers of tipped employees.

Love it or hate it, tipping is probably not going away any time soon. For employers, tipping creates both tax and employment law risks, in part because employees are partially in control of tips. Gain an understanding of tax compliance for tips, including what is and is not a tip, how tips are taxed and who is responsible for reporting. We will also focus on employment law compliance with tips, and the most common mistakes employers make and how to avoid them.

Learning Objectives

  • You will be able to define compensation.
  • You will be able to discuss employee and employer obligations.
  • You will be able to explain the penalties for noncompliance.
  • You will be able to review employment law issues with tipped employees.

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Understanding Compensation
  • What Are Tips
  • What Are Service Charges
  • How Do Tips and Services Charges Differ From Wages
Taxation of Tips
  • Employee Reporting Obligations
  • Employer Reporting Obligations
  • Tip Credits
  • Tip Agreements
  • Tip Credits for Tax Purposes
  • Penalties for Noncompliance
Employment Law Issues With Tipped Employees
  • FLSA Issues, Including Elimination of the "80/20" Rule
  • State Law Issues
  • Tip Pooling and Dual Jobs
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on March 20, 2014.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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  • AIPB 1.0
     
  • This program is acceptable for 1.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • CPP/FPC
     
  • Lorman Education Services is an approved provider through the American Payroll Association. This seminar is approved for 1.0 RCHs. PLEASE NOTE: To receive credit through the American Payroll Association for this program you MUST attend the program in its entirety and use the streaming option, as well as enable (and complete) the required progress checks.
     
  • HR Certification Institute 1.0
     
  • This program has been approved for 1.0 recertification credit hours toward general recertification through the HR Certification Institute. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
     
  • SHRM 1.0
     
  • Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.0 PDC(s) for the SHRM-CP or SHRM-SCP. For more information about certification or recertification, please visit www.shrmcertification.org.
     
  • CPE 1.2 including Personnel/HR 1.2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Personnel/HR for 1.2 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Advisory Services for 1.0 hour.
     

Who should attend?

This live webinar is designed for payroll administrators, human resource managers, controllers, CFOs, accountants, business owners and managers.

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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

William Hays Weissman

William Hays Weissman

Littler Mendelson P.C.

  • Shareholder and member of the Board of Directors of Littler Mendelson P.C., the nationís largest labor and employment law firm dedicated to representing management, resident in its in Walnut Creek, California
  • National legal practice in employment and tax matters
  • A frequent speaker and writer on various employment an d tax issues, including a regular column in State Tax Notes, a weekly national publication on state tax issues, and articles in numerous publications including The New Republic, The CPA Journal, the Journal of Taxation of Investments, and the Employee Benefit Plan Review.
  • Recognized as a leading employment tax attorney and a past chair of Employment Taxes Committee of the Tax Section of the American Bar Association
  • J.D. degree, District of Columbia School of Law; LL.M. degree in taxation, Golden Gate University School of Law; M.B.A. degree, University of California at Davis Graduate School of Management; B.A. degree, The George Washington University
  • Can be contacted at 925-927-4545 or [email protected]
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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Pay once and get a full year of unlimited training in any format, any time!

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Product ID: 404663
Published 2014, 2019
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