Cash vs. Noncash Tips Customers who receive services from staff may choose to leave tips. They could be cash or noncash. Cash tips include those given by clients directly, electronic payments made by employers to employees for tips, and tips given by other employees as part of tip-sharing agreements. In general, employees are required to
Tag: tip tax credit
What is the FICA Tax Credit?
If you own a business where tipping is customary, you may qualify for the FICA tax credit for taxes you pay on your employees’ tip income.