Tag: tip

Taxes on Tips: Key Issue in 2024, Crucial Feature for POS Systems

Posted Nelda MaysLeave a commentPosted in Crypto, ecommerce, Embedded Banking, Fraud Prevention, Legislation, Member Owned and Operated, Merchant Services, Payments, Sales, sales person, Surcharging

As we approach the 2024 U.S. presidential election, an unexpected bipartisan agreement has surfaced: Vice President Kamala Harris and former President Donald Trump support exempting tips from federal income tax. This policy proposal is gaining traction in key battleground states like Nevada, where service industry workers are a significant voting bloc. As the discussion intensifies, […]

To Tip or Not to Tip: A Tougher Question

Posted Nelda MaysLeave a commentPosted in ecommerce, Fraud Prevention, Legislation, Member Owned and Operated, Merchant Services, Payments, Sales, sales person, Surcharging

Tipping has a fascinating history in American culture, dating back to the years following the Civil War. Though the practice comes from medieval Europe, the US has one of the strongest tipping cultures in the world today. In 2024, though, a growing number of Americans are finding gratuities, well, gratuitous. The Dreaded Question A woman […]