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Introducing an IRS tax credit specifically for restaurants and bars, with Adesso Capital
Gratuities 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 gratuity-driven employees. This IRS credit allows employers to claim a portion of the FICA taxes paid on employees' gratuities as a credit against their tax liability. On average, restaurants are seeing an IRS credit of $40,000.
Find the slideshow here: https://wahospitality.org/wp-content/uploads/2024/03/Gratuity-Tax-Credit-Webinar_-WHA.pdf
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By Washington Hospitality Association
5
44 ratings
Gratuities 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 gratuity-driven employees. This IRS credit allows employers to claim a portion of the FICA taxes paid on employees' gratuities as a credit against their tax liability. On average, restaurants are seeing an IRS credit of $40,000.
Find the slideshow here: https://wahospitality.org/wp-content/uploads/2024/03/Gratuity-Tax-Credit-Webinar_-WHA.pdf
Subscribe to Washington Hospitality Industry Podcast on Soundwise