What Is the FICA Tip Credit? Five Things for Restaurants to Know About an Often-Missed Tax Credit
Modern Restaurant Management
MARCH 30, 2023
If you own a restaurant or bar and have employees who receive tips, you are likely eligible to receive the FICA tip credit. was the federal minimum wage in effect on January 1, 2007). We recently worked with a bar that employed 20 part-time workers and had $1.2M Your employee's total wages exceed $5.15 in gross receipts.
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