Employers can now offer $25,000 deduction on tipped income.
Empower Your Team. Simplify Tip Management and Compliance.
Advantages:
Make tipping effortless and cashless for your staff and customers.
Ensure all tips are properly reported for tax-free benefits (where eligible).
Boost employee satisfaction and retention by helping them keep more of their tips.
No app or hardware required -- just a simple QR code for digital tips.
Compliant with IRS and federal guidelines for tip reporting.
What You Need to Do:
Sign up for a free account. Invite your employees to sign up, and get verified through Stripe -- no upfront costs.
Integrate tip reporting: All tips received through KeepTips can be included on employee W-2s, making them eligible for federal tax exemption (up to $25,000/year for qualifying roles).
Communicate to your team: Only tips reported to you and included on payroll are eligible for the exemption.
Why should an Employer sign up for KeepTips?
Save time, headache and costs:
Reduce paper work. Reduce guess work. Offload inaccurate tax prep.
Stay compliant: Stripe handles secure payments and reporting, reducing your administrative burden.
Ready to get started? Have your employees and 1099 contractors Sign up today and they can start receiving digital tips the smart way!
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Case Study: An imperfect system:
The average large destination resort/casino employs approximately 4,000 hospitality staff.
Less than half of employees maintain daily records of tips and report them.
Many Employers use the IRS Gaming Industry Tip Compliance Program (GITCA), which withholds (FICA/Medicare) but it is not accurate.
By employers implementing a digital tipping/reporting solution the reporting is exact and costs are saved.