Secure funding for your business through Washington Hospitality Association’s partner, Adesso. Adesso has helped businesses secure over $1 billion in funds to keep hospitality operating.
Employee Retention Credit (ERC)
The ERC is a cash refund on taxes you already paid. This retroactive tax credit rewards businesses for keeping at least two employees on payroll through 2020 and 2021.
Receive up to $26,000 per employee.
2020 claims: April 15, 2024
2021 claims: April 15, 2025
Adesso has loans starting at $10,000 to over $1 million. Lending options include:
- Business term loan
- Lines of credit
- SBA loans
- AR financing
- Merchant cash advances
- Equipment finances
FICA Gratuity Tax Credit
This is a federal program that allows eligible businesses to get back all the FICA taxes (social security and Medicare taxes) paid on tip earnings that surpass the federal minimum wage.
- Business receives tips from customers.
- Tips are documented as wages and the appropriate FICA taxes have been paid on them.