105: Tip Credit & FICA Tip Credit
Seven states do not allow for a tip credit. If you are in the restaurant or hospitality industries, or one of the many other service industries out there then you are well aware that a portion of your employees pay comes from tips, a.k.a., gratuities. Hopefully you are also aware that there is a provision…
About the author, Thomas
I have 20 of years insurance industry experience in C-level management, focusing on all aspects of workers compensation, risk management, loss control, employee benefits, HR, payroll and professional employer organization (“PEO”) operations. Currently, I am the owner and CEO of Humanly HR, and founder and host of SmallBiz Brainiac; a podcast providing employer intelligence to small business owners.