Services Restaurant Payroll

Novice restaurateurs find the complex and confusing laws that govern how wages and tips are applied to payroll for restaurants to be an unpleasant surprise. Too often visions of cooking and hosting give way to accounting nightmares of payroll deductions and fears of regulatory compliance. We here at Payroll Services provide peace of mind to restaurant owners and allow them to avoid the pitfalls that payroll for restaurants can entail and get back to what they do best. Let us to provide the following solutions for problems involving payroll for restaurants:

Restaurant Reports and Forms

Sign-Off Sheet Form 4070 – This form provides proof of employee tips and outlines the tip reporting obligations for which the restaurant is responsible.

FICA Tip Credit Report – Important report used by eligible restaurants to claim a tax credit of possibly hundreds of dollars per employee each year.

TEFRA Service – Required for large food or beverage organizations, this additional tip reporting is needed for Form 8027. Payroll Services does the necessary calculations of tip allocations for inclusion on the employees W2 forms.

Shortfall Report /Tracking – In cases where employees have not earned wages sufficient to meet their taxes and voluntary deductions, it is revealed on this report. This enables you, the employer, to recover those funds from future paychecks. We here at Payroll Services track deficit funding. We then follow the repayment progress until it reaches completion.