Employment Finance Forbes Millions Money Opportunity

There are millions of workers in the USA that rely on tips for most of their income, and there are well over two million businesses where the employers rely on tipped employees. According to recent statistics from the U.S. Department of Labor, food and beverage service-related workers held 6.5 million jobs in 2000 alone. The U.S. Department of Labor estimates in a 2001 study that tips and gratuities may account for well over $5 billion per year being left on plates and tip trays, financed on credit cards and handed directly into happy, open palms. But let's face facts. Relying on customers' tips for your income is tough. The average customer just doesn't realize how difficult and hard the average waiter, waitress, hair dresser, concierge, cab driver, maitre de or bartender works for their money. Dealing with and satisfying the general public is one of the most demanding jobs around. Many, if not most, tipped employees have a tough time making ends meet. And then there are the complicated IRS tax laws regarding tipping and gratuities that most employees and few employers know how to handle correctly. For the first time this new book deals with all aspects of tips and gratuities. For the employee or self-employed, learn how to earn more tips and how to properly account for and pay taxes on them. For the employer: how to manage and properly account for the taxes on tipped employees; for the bookkeeper and accountant: get the latest on tax and withholding laws.

Like most average American heads-of-household, Bill and Mary Toohey found themselves increasingly stressed by their financial responsibilities, with no real job security, their standard of living in constant jeopardy, and little promise of ever having enough time for their children or each other. The realization that their familys financial future was entirely dependent on benevolent employers, a lifetime of full-time work, and the fate of social security was a disheartening condition they wanted to changequickly. Unlike most Americans, in eight short years, the Tooheys managed to save nearly half of their modest annual incomeand add almost half a million dollars to their net worth. They now have enough money to cover most expenses for the rest of their liveseven if they never earn another paycheck. With a daughter headed for college and a son with costly health problems, do the Tooheys claim this was easy? No. But it was doable. And it can be for you, too. Named among the "Best Personal Finance Managers in America" by Money magazine, the Tooheys have taken their story, and their strategies, public in the hopes of helping others achieve the financial independence to enjoy their livesand even their work. Easy-to-understand and conversational, here is the Tooheys groundbreaking formula for building assets without earning more money, relocating, or changing jobsand without suffering.