Videos | Restaurants

What percentage of the employees' tips are they required to report?

Employees must report tip income on Form 4070, Employee's Report of Tips to Employer, or on a similar statement. This report is due on the 10th day of the month after the month the tips are received. This statement must be signed by the employee and must show the following:
- The employee's name, address, and SSN.
- Your name and address.
- The month or period the report covers.
- The total tips received.
No report is required from an employee for months when tips are less than $20.

Valiant's Vice President of Sales, Rick Casmass will talk about the topic. Learn what you need to know about Tip Reporting.

What you need to know about Tip Sharing versus Tip Pooling

The U.S. Department of Labor's position is that Tip Pooling / Tip Sharing arrangements are permissible as long as the employees sharing in the tips have somehow participated in serving the customers who left the tips. Valiant's Vice President of Sales, Rick Casmass will talk about the difference. Learn what you need to know about Tip Pooling versus Tip Sharing.

What you need to know about Form 8027

Valiant's Vice President of Sales, Rick Casmass will talk why the IRS requires most restaurants to file an annual tip income report using Form 8027, Employer’s Annual Information Return of Tip Income and Allocated Tips.

Chef Rodelio Aglibot talks about how he became a chef and about the organization, In Chef's Hands.

Shari Rhein talks about her career as well as her time working with Valiant.