🍽️💰 YOU PAY EMPLOYER TAXES ON EMPLOYEE TIPS. BUT HAVE YOU CHECKED WHETHER YOUR BUSINESS MAY QUALIFY FOR THE FICA TIP CREDIT? For eligible food and beverage employers, the federal FICA Tip Credit can provide a business tax credit for certain employer Social Security and Medicare taxes paid on employee tips. The IRS currently lists the employer FICA rate used in calculating qualifying amounts as 7.65%. Mandatory service charges and auto gratuities are treated differently and aren’t qualifying tips for this credit. This is also different from the individual “No Tax on Tips” deduction you’ve probably heard about. You don’t need to become a tax expert. You simply need to find out whether your business may have an opportunity worth examining. Blue Chip Legacy can help you get your business evaluated. 🎯 Start your FREE FICA Tip Credit Assessment today: 🌐 BlueChipLegacy.com Need help completing the assessment or have questions? 📩 Email us at info@bluechiplegacy.com and we’ll be happy to help you through it. #FICATipCredit #RestaurantOwners #RestaurantBusiness #TaxCredits #BlueChipLegacy - @sneeds.capital