Blog Post
Exploring Tip Models in the Hospitality Industry: Pros, Cons, Payroll Considerations and Key IRS Forms
The hospitality industry is built on exceptional customer service, with tipping playing a crucial role. For employers, managing tips involves navigating various complexities, particularly regarding payroll and compliance. From tip pooling to automatic gratuities, let’s delve into the different tip models, their pros and cons, and the key payroll considerations they entail.