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Navigating Colorado's Tip Laws: A Guide for Employers

7 Shifts

Tip laws differ from national standards in some areas, and staying on top of potential changes as bills make their way through the legislative process takes time and energy. The tipped minimum wage in Colorado is $10.63 So employers can claim a tip credit of $3.02 Who is considered a tipped worker? What counts as a tip?

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Navigating Colorado's Tip Laws: A Guide for Employers

7 Shifts

Tip laws differ from national standards in some areas, and staying on top of potential changes as bills make their way through the legislative process takes time and energy. The tipped minimum wage in Colorado is $10.63 So employers can claim a tip credit of $3.02 Who is considered a tipped worker? What counts as a tip?

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Supplemental Wages Vs. Regular Wages: The Complete Guide

Sling

Tips for managing supplemental wages. According to the Internal Revenue Service’s Employer’s Tax Guide (Circular E) , supplemental wages are exactly what they sound like: supplemental pay or other compensation given to an employee in addition to their regular wages. Supplemental wages: What they are. She earns $700 per week.

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Restaurant Accounting: The Ultimate Guide

Xtra Chef

The purpose is to help teams to better understand how accounting relates to the business of running a successful restaurant. A restaurant accountant’s responsibilities typically include the following tasks: Recording transactions in the general ledger —the master document for capturing financial transactions. Tip Handling.

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EZ PPP Forgiveness App and Yelp’s New COVID Help

Modern Restaurant Management

Did not reduce the salaries or wages of their employees by more than 25 percent, and did not reduce the number or hours of their employees; OR. Experienced reductions in business activity as a result of health directives related to COVID-19, and did not reduce the salaries or wages of their employees by more than 25 percent.