FICA Tip Credit Blog | Tax Strategies for Restaurants & Bars

FICA Tip Credit Blog

Expert insights, tax strategies, and industry news for restaurant and hospitality businesses

Tax Credits 5 min read

What is the FICA Tip Credit and Why Should Restaurants Care?

Learn the basics of the FICA tip tax credit, how it works, and why it's one of the most valuable tax benefits for restaurants and bars.

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Calculations 7 min read

How to Calculate Your FICA Tip Tax Credit: Step-by-Step Guide

A detailed walkthrough of the FICA tip credit calculation, including real examples and formulas to estimate your potential refund.

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Strategies 6 min read

7 Ways to Maximize Your Restaurant's Tax Refund with FICA Credits

Expert strategies to ensure you're claiming every dollar you're entitled to, including tip reporting best practices and documentation tips.

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Education 5 min read

FICA Tip Credit vs. Tip Credit Wage: What's the Difference?

Understand the distinction between the FICA tip tax credit and the tip credit minimum wage—two separate concepts that work together.

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Compliance 8 min read

Restaurant Tip Reporting Compliance: IRS Requirements Explained

Everything you need to know about Form 8027, tip reporting requirements, and maintaining compliance while maximizing your credits.

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Retroactive Claims 6 min read

How to Claim FICA Tip Credits for Past Tax Years

A guide to filing amended returns and recovering unclaimed FICA tip credits from previous years—potentially worth tens of thousands.

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Small Business 7 min read

Tax Credits Every Small Restaurant Owner Should Know About

Beyond FICA credits: explore other valuable tax credits and deductions available to restaurant and hospitality businesses.

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Industry Specific 5 min read

FICA Tip Credits for Bars and Nightclubs: What You Need to Know

How bars, nightclubs, and cocktail lounges can benefit from FICA tip credits, including special considerations for your business type.

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