Restaurants have complicated rules and regulations governing regular wages, overtime wages and tips. Payroll can be a challenge for business owners trying to do it on their own or even for payroll software systems not equipped to do it correctly. WorkGroup Payroll eliminates restaurant payroll challenges such as risk of compliance penalties and costly overtime litigation because employees were not paid in accordance with federal and state law.
FICA Tip Credit Report
Your accountant will love this. This report gives restaurants the opportunity to capitalize on a special tax credit which can amount to hundreds of dollars per employee annually.
Shortfall Report & Tracking
This report informs you that employees haven’t earned enough wages to meet their taxes and voluntary deductions, allowing you to recover the funds from their next paychecks. We automatically tracks these shortfalls and collects them until they are fully repaid.
Form 4070 Sign-Off Sheet
Maintain written proof of employee tips, and find out how to fulfill your tip reporting obligations.
To meet the additional tip reporting requirements of large food or beverage establishments, we calculate your tip allocations, report the totals on W2 forms, and prepare your Form 8027.