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Marks Paneth Press Release


A Call For Guidance: Tip Credit Uncertainty Burdens Vital NYC Restaurant Industry

  Restaurant owners in New York City
  are left in the difficult position of
  interpreting the rules on the federal
  tip credit because the New York City
  Department of Finance has not
  issued clear and definitive guidelines on how to treat it as it relates to New York City taxable income.  As a result, says Kurt S. Kiess, Partner, Commercial Businesses Group, the lack of clarity has created inconsistent reporting throughout the city.  This places a burden on the New York City restaurant industry – an industry that is vital to the city’s economy.  Learn more in Kurt’s article, "A Call For Guidance: Tip credit uncertainty burdens vital NYC restaurant industry", published in The Metropolitan Corporate Counsel, April 2015.