Three Key Points for Bars and Nightclubs to Prepare: Tips Bill

As the hospitality industry evolves, new regulations are introduced that can significantly impact how businesses operate. The Tips Bill is one such regulation that bars and nightclubs must pay close attention to. This legislation introduces new requirements for handling employee tips, ensuring transparency and fairness. If you're running a bar or nightclub, it's crucial to understand these changes and take the necessary steps to stay compliant.

1. Accurate Tracking of Tips

The new Tips Bill places a strong emphasis on the accurate tracking and reporting of all tips received by employees. Accurate tracking ensures that employees are properly compensated, taxes are correctly calculated, and your business remains in good standing with compliance.

What You Need to Do:

How EasyTip Can Help:

With EasyTip, every tipping transaction is at your fingertips. Just like with a banking app, users have full access to configurable account statements and can see all tips, distributions and payouts of tips from any period. 

2. Transparent Tip Distribution

Another critical aspect of the Tips Bill is the requirement for transparent distribution of tips. Employees must be made aware of how tips are distributed and must receive their fair share. This includes clear communication about any tip pooling arrangements and the percentage of tips that will be allocated to each staff member.

What You Need to Do:

• > Make sure that the distribution process is fair and transparent.

How EasyTip Can Help:

EasyTip simplifies the process of tip distribution by providing customisable settings that allow you to define your tip pooling and distribution policies. The EasyTip app generates a digital tipping policy for you and your staff depending on the configurations you choose. The policy can be viewed and downloaded in the EasyTip app. This transparency builds trust among your staff and keeps your business compliant with the new law.

3. Sharing Tips 

Tips paid by customers at a specific venue cannot be shared with workers at a different outlet owned by the same employer. This rule is designed to ensure that the tips earned in one location are fairly distributed among the staff who contributed to the customer’s experience at that location, without being diluted or redistributed to employees at other venues.

What You Need to Do:

How EasyTip Can Help:

When signing up with EasyTip, each individual outlet or venue has its own dedicated tip collection account and QR code. This means that, by using our cashless tipping platform, business owners can be confident that the staff tips collected at one site are distributed fairly.

Conclusion

The new Tips Bill introduces significant changes that bars and nightclubs must adapt to. By focusing on accurate tip tracking, transparent distribution, and seamless payroll integration, you can ensure that your business remains compliant and operates smoothly. EasyTip provides the tools you need to simplify these processes, giving you peace of mind and allowing you to focus on what you do best – running a successful bar or nightclub.

Stay ahead of the curve by implementing EasyTip today, and ensure your business is fully prepared for the new Tips Bill. Sign up now!