TIP TAX CREDIT

If your employees earn tips, You can earn tax credits.

The FICA Tip Credit offers a unique advantage for those in the food and beverage sector by allowing employers to get tax credits for tips your employees earn.
Restaurant & Bar Owners:

Did you know your employees’ tips can get you money back from the IRS?

Get started now

How can I tell if my business is eligible for Tip Tax Credit?

Eligible businesses can get a credit for certain Social Security and Medicare taxes (known as FICA taxes) that are paid on tips employees earn.
With Tip Tax Credit by Adesso, eligible businesses can get back all the FICA taxes paid on tip earnings that surpass the federal minimum wage. This translates to a credit for all the tips employees report.

How can I tell if my business is eligible for Tip Tax Credit?

Tip-Driven Business:
You operate a bar, restaurant, or other tip-driven business.
Tip-Driven Service:
The services offered by the business, like serving or delivering food, should typically involve receiving tips from customers.
Tips Documented as Wages:
These tips should have been documented as wages, and the appropriate FICA taxes should have been paid on them.

The Adesso Advantage

Since 2007, Adesso has been helping small business owners access the funds to run and grow their business
We specialize in restaurants.
Since 2007, Adesso has been helping small business owners access the funds to run and grow their business
We are the experts.
With over $1 Billion secured, Adesso helps keep businesses in business.
We have the right people in place.
Adesso’s team of financial specialists, CPAs, and legal experts are already in place and are well-versed in tax credit programs.

If your employees earn tips, You can earn tax credits.