Tips fuel your business and it’s time you took advantage of the unique tax benefits afforded to you. The FICA Gratuity Credit is a federal tax credit for employers with tip-driven employees.
This IRS credit allows employers to claim a portion of the FICA taxes paid on employees’ tips as a credit against their tax liability. On average, restaurants are seeing an IRS credit of $40,000.
Join us at 10 a.m., March 20 for an educational session on this credit and how it can benefit your business.