TIPS: A Fresh Look at Tip Tax Exemptions & Their Implications

Have we reached the “tipping point”? Both Presidential candidates have proposed to exempt tips from tax, and a Texas court just invalidated the Biden Administration’s revamped rules on the FLSA’s tip credit exemption. So, it’s a good time to take a fresh look at this question, considering not just the law, but also the practicalities. Our partners, Larry Stine and Les Schneider have worked extensively with clients in the hospitality industry and will explain the status quo, make predictions, and of course entertain your questions.