The FICA Tip Credit is a federal incentive that allows qualifying businesses in the food and beverage industry to recover the employer portion of payroll taxes paid on employee tips.
It applies to qualifying businesses where employees regularly receive tips for serving food and beverages as part of their income, including:
Restaurants
Bars and nightclubs
Cafes and coffee shops
Catering companies
This tax credit can result in thousands of dollars refunded per year, per location.
Many business owners are unaware they qualify for the FICA Tip Credit, or assume it is too complex to claim. In reality, our referral partners, such as Anchor Accounting, handle the process from start to finish.
There is no cost to the business unless a refund is awarded.
That means your introductions create immediate value for your network. No risk, no hard sell — just credibility and results.
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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