FICA Tips Tax Credit
An Eligible Reported Tips of
$100,000 can reduce your tax liability by $7,650
Boost Your Refund
Reduce Your Stress
Achieve Financial Ease
Do you know about FICA Tips Tax Credit? Do you own a restaurant or a bar?
Does your staff receive tips?
If yes, you can further reduce your Tax Liability!
Call us NOW to learn more.
FICA Tips Tax Credit
• Tax credit for restaurants, bars, and similar businesses where employees receive tips from customers.
• Allows these businesses to reduce their tax burden by claiming a credit on the Social Security and Medicare taxes (FICA taxes) they pay on their employees’ reported tips.
Why Should I Consider It?
- Reward Hard-Working Staff
Encourage and support your tipped employees without bearing the full burden of related taxes.
- Reduce Your Tax Liability
The FICA Tips Tax Credit equals 7.65% of reported eligible
tips.
Our Process
Our streamlined process ensures efficient, accurate, and personalized financial solutions, tailored to meet your
business needs and maximize success.
- Schedule Your Free Consultation
Book an appointment via our online form or simply give us a call to connect with one of our tax accounting experts.
-
Send Us Your
Documents
Before preparing and filing your taxes, we’ll need to review your financial records and previous tax returns.
- Partner With Us
We offer assistance for various types of taxation. Choose the services that you need to grow your business.