Best Payroll Software for Restaurants.

Payroll software is essential for streamlining payroll and ensuring timely, accurate payments to the staff. Here are some reasons:

• Accuracy: Calculates wages and taxes accurately, reducing errors and potential penalties.
• Time-saving: Automates payroll tasks, saving time and reducing workload.
• Compliance: Helps you comply with payroll tax regulations by calculating and withholding taxes, filing forms, and paying on time.
• Cost-effective: Reduces costs by eliminating manual calculations and reducing the risk of errors.
• Improved employee experience: Ensures accurate and timely payments, improving morale and job satisfaction.
• Enhanced reporting: Generates detailed reports, optimizing staffing levels and costs.

A tipped employee in the restaurant industry is one who receives tips from customers as part of their job, such as servers, waiters, bartenders, and food delivery drivers. Their base wage is lower than non-tipped employees, with tips making up the difference. To qualify as a tipped employee under US law, they must receive more than $30 per month in tips. Employers can pay tipped employees a lower cash wage as long as their tips bring their earnings up to the federal minimum wage of $7.25 per hour. Proper classification and compliance with wage and hour rules are important for avoiding legal issues and penalties.

A tip is an additional amount of money given by a customer to an employee. This can include cash left on the table, tips added to electronic payments, and shared tip arrangements. However, payments such as automatic service charges and non-monetary gifts are not considered tips. The amount of a tip can vary based on factors such as service quality and cultural customs. Employers must properly track and report tips to comply with tax laws and regulations. Tips must be voluntary and not coerced by employers.

According to US laws, tips are considered taxable income and must be included in the employee's gross income for tax purposes. It is the responsibility of the employers to report tips to the IRS and withhold payroll taxes. Employees must report all tips received to their employer and on their annual income tax return. It's important for employees to keep accurate records of all tips to avoid potential issues with the IRS. Some jurisdictions may require employers to pay payroll taxes on expected tips, known as a "tip credit."

The Fair Labor Standards Act (FLSA) allows employers to pay lower hourly wages to their tipped employees, as long as the tips bring their total earnings up to the federal minimum wage of $7.25 per hour. The federal minimum wage for tipped employees is currently $2.13 per hour, but some states have higher requirements. If tips do not meet the minimum wage, the employer must make up the difference. Employers must accurately track and report all tips received and comply with relevant laws and regulations.

For example, if an employee works for 1 hour and receives $5 in tips, the employer may pay them a base wage of $2.13 per hour, bringing their total earnings to $7.13. This is still less than the federal minimum wage of $7.25 per hour, so the employer would be required to pay the employee an additional $0.12 per hour to meet the minimum wage requirement.

Tip pooling and tip sharing are methods for distributing tips among restaurant staff, but they have important differences. Tip pooling is mandatory and organized by the employer, where tips are collected and distributed among a designated group of employees. Tip sharing is voluntary and initiated by employees who choose to share their tips with others. Tip pooling is subject to rules and regulations, while tip sharing is not. Both methods can be effective, but employers and employees must comply with applicable rules and regulations.

Our software is an affordable in-house payroll system that offers a range of features to help streamline the payroll process efficiently and accurately for your business. One of the benefits of using our software is that it allows unlimited employees and payrolls for one flat annual fee, which can be a cost-effective solution for small businesses.

CheckMark offers two payroll plans : CheckMark Payroll Pro is priced at $549 and CheckMark Payroll Pro+ is priced at $619. The base license for both CheckMark Payroll Software includes one company and one computer. To manage additional companies or install the software on more computers, you’ll need to purchase extra licenses: $50 per additional company and $99 per additional computer. It's important to note that there are no extra costs or hidden fees with either plan, so you can budget for your payroll expenses with confidence.

Both CheckMark Payroll Pro and CheckMark Payroll Pro+ offer a range of features, including the ability to process ACH direct deposit payments, file payroll tax forms electronically, and generate reports on employee earnings and deductions.

Our software is used by several types of small to mid-sized businesses that have in-house payroll processing needs. Some of the businesses that use our software include restaurants, bars, breweries, catering, hotels, fast food, coffee shops, food trucks, fine dining, casual dining, bakeries, pizzerias, juice bars, ice cream shops, delis, etc.

Overall, our software can be a good option for any of these businesses that need to process payroll in-house and want a user-friendly, affordable solution. It is designed to be user-friendly and easy to use, even for business owners or managers who may not have extensive payroll or accounting experience.

Our software is designed to be used by businesses of all sizes, whether you have 2 employees or 2000. Our software allows you to enter unlimited employees and process unlimited payrolls. While CheckMark Payroll is used by businesses of all sizes, it is quite profitable for small and mid-size businesses that have limited budgets.

In addition, CheckMark Payroll's flat annual fee structure allows businesses to process unlimited payrolls for unlimited employees without incurring additional costs, which can be an advantage for businesses that are growing or have fluctuating payroll needs.

With CheckMark Payroll, you can run payroll as many times per month as you need to. This flexibility is useful for businesses that have employees with different pay schedules or pay frequencies, such as salaried employees, hourly employees, or employees who are paid on commission.

CheckMark provides businesses with flexible and convenient options for paying their employees, whether they prefer to use traditional check printing or direct deposit.

If you choose MICR check printing, the software allows you to print checks on blank or pre-printed check stock, and you can customize the checks with your business's logo and information.

If you prefer to use ACH direct deposit, our software allows you to set up and manage ACH direct deposit payments for your employees. The software generates direct deposit files that can be uploaded to your bank or financial institution.

There are no extra fees or hidden costs for using ACH Direct Deposit and MICR encoded check printing. These features are included in the actual price of our software, so you can take advantage of them without worrying about additional expenses. In addition, CheckMark Payroll includes free patch updates and technical support for one year from the date of purchase.

Yes. Our software is available in all 50 states of the USA. Restaurant businesses need to choose a payroll provider that supports the states where they operate and can handle specific payroll requirements of their industry. With CheckMark Payroll Software's nationwide coverage, Restaurateurs can be confident that they have access to a comprehensive payroll solution that will help them manage payroll efficiently and effectively.

Our software can lead to cost savings due to its ability to automate small business payroll processes, ensure timely payments to employees, and accurately file tax reports for one low annual fee. By implementing our software, you can potentially save hundreds of dollars in the long run, regardless of the number of employees and pay frequency you have.