For CPAs: Getting OBBBA W-2 Data from Your Restaurant Clients
If you prepare W-2s for restaurants, hotels, salons, or any business with tipped employees, you need three new data points from your clients this year.
What You Need from Clients
- Qualified tip totals per employee (YTD) — goes in Box 12, Code TP
- Qualified OT premium per employee (YTD) — goes in Box 12, Code TT
- TTOC code per employee — goes in Box 14b
The Problem
Most small restaurant owners don't have this data organized. Their POS tracks tips but doesn't separate qualified from non-qualified. Their payroll system tracks overtime hours but doesn't isolate the 0.5x premium. And they've never heard of TTOC codes.
The Solution
TipTrack is a lightweight compliance tool your clients can use throughout the year to:
- Classify tips as qualified or non-qualified each pay period
- Auto-calculate the 0.5x OT premium from hours and hourly rate
- Assign TTOC codes from a categorized dropdown
- Export a CSV in January with all three fields per employee, ready for W-2 prep
Recommend It to Clients
The alternative is reconstructing a year's worth of tip and overtime data from POS reports and timesheets in January. That typically costs your client $500-$2,000 in extra accounting fees and delays W-2 filing.
TipTrack is $19/month with a 14-day free trial. It saves you and your client time, reduces errors, and ensures the W-2 data is correct the first time.
Start a free trial or recommend it to your restaurant and hospitality clients.
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