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| Keep track of your tips and make more money... |
TipTrax - Tip Tracking Software
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Tip20! Does not endorse many products, but we have recently discovered a new software product that we feel no server, bartender or any tipped employee should be without. It's called TipTrax and in our opinion it is a product that is way overdue.
What does TipTrax do? Simply put, TipTrax allows you to quickly and easily record your tip income allowing you to keep track of your income and see trends in your shifts.
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| The benefits of this program are much greater than they appear upon first blush. Obviously there is a benefit from the ability to efficiently record your taxable income but imagine the power of being able to set income goals and know the exact shifts you need to reach them. "What you can measure you can manage" is a true statement. You are a professional and you should treat yourself as one. We recommend you give TipTrax a try, it is very reasonably priced and in our opinion worth every penny. |
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"If you receive tips, you should keep a daily record of them and report them to your employer in order to obtain your social security and Medicare coverage and to avoid a penalty. You must also report all your tip income on your income tax return."
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Excerpt from: Taxes on Tips
by kmhagen October 18, 2005
finetuning.com
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TipTrax is a Trademark of Urban Wright, LLC.
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