The FICA Tip Credit is a federal incentive that may allow qualifying food and beverage employers to recover a portion of the employer payroll taxes paid on employee tips, based on program rules and the business’s payroll reporting.
Common qualifying business types include:
Restaurants
Bars and nightclubs
Cafes and coffee shops
Catering companies
For eligible businesses, the credit can create meaningful year-over-year savings, especially for multi-location operators.
Disclaimer:
Eligibility and results vary. Credits depend on payroll/tip reporting and applicable program requirements.
Many owners either don’t realize they may qualify or assume the process is too complex to be worth it. That’s where this referral is powerful: our partner team (including Anchor Accounting) can evaluate eligibility, guide documentation and manage the filing workflow, so the business doesn’t have to navigate it alone.
Your role stays simple: make a credible introduction. The experts handle the technical work.
If a business in the food and beverage industry reports tipped income to the IRS and has a team of service employees, they may be eligible.
Any food and beverage business that employs workers tipped for serving food and drink
Restaurant or bar owners and operators
Multilocation food service franchises
Have contacts at CPA firms, franchise groups or food service vendors? These could be goldmine referral partners.
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