FICA Tip Tax Credit
The FICA Tip Tax Credit is a valuable federal incentive that lets employers in industries with tipped workers—like restaurants, bars, and hospitality—recover the Social Security and Medicare taxes they’ve paid on employee tips. This credit gives money back to taxpayers as a dollar-for-dollar refund in their federal tax liability. For many employers, it means tens or hundreds of thousands of dollars in annual savings that will come back to you in the form of a refund.
If your accountant was uninformed and didn’t catch the FICA Tip Tax Credit, let expert tax specialists obtain the largest refund possible. Use tax specialists that have processed over $1 billion in FICA tip credits, ERTC Funds and Visa Mastercard settlements. Use a tax specialist that handles everything from start to finish. Best of all, the cost to recover the FICA TIP TAX CREDIT is performance based. In other words, it’s RISK FREE! Only pay if you qualify for a refund and a recovery is made.
Who Qualifies?
If your business receives tips from customers, you may be eligible! Common industries include:
- Restaurants & Bars Fast Food Franchises
- Food Trucks & Catering Services Hotels, Resorts & Casinos Breweries, Wineries & Distilleries
- Museums, Zoos, & Convention Centers
Key Benefits:
- Dollar-for-dollar tax reduction
- Significant annual savings
- Retroactive claims – claim refunds for up to three years of prior tax filings
- No impact on employees – staff still keep all of their tips; the credit only applies to the employer’s portion of payroll taxes.
- RISK FREE! No out of pocket required. Charges only apply if a refund is made.
Unlocking this credit is simpler than most business owners realize and the savings can make a real difference to your bottom line. Don’t leave money on the table, it’s your money—contact us today to see how much of a REFUND you qualify for.
If you would like to speak directly with a representative call 561-445-8164 or 833-SWELLFi (833-793-5534)