Sunbridge Advisory LLC

What is the FICA TIP credit?

The FICA Tip Credit allows restaurants to claim payroll taxes paid on their employee tips.Restaurants with a substantial staff size pay thousands every year in payroll taxes on tips. Yet, too many do not claim this credit and owners miss out on this refund.Let us take a second look at your numbers and make sure you’re not leaving money on the table.You can still claim 2023 and 2024 credits until the end of this year.

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