Restaurant Payroll Services

Restaurant payroll services with OmegaComp HR

Restaurants have complex laws when it comes to reconciling wages and tips, so payroll can be challenging to manage. Our payroll solution reduces these challenges and the risk of compliance penalties.

FICA Tip Credit Report

Restaurant owners have to request this tip credit on their tax returns, which may explain why many don’t take advantage of it. Also referred to as the Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tip, this report gives restaurants the employers an opportunity to save hundreds of dollars annually.

Shortfall Report & Tracking

This report informs you that employees haven’t earned enough wages to meet their taxes and voluntary deductions, allowing you to recover the funds from their next paychecks. Our payroll solution, automatically tracks these shortfalls and collects them until they are fully repaid, financially protecting you and your employees.

Form 4070 Sign-Off Sheet

Maintain written proof of employee tips, and find out how to fulfill your tip reporting obligations.

TEFRA Service

To meet the additional tip reporting requirements of large food or beverage establishments, we calculate your tip allocations, report the totals on W2 forms, and prepare your Form 8027.