Introducing an IRS tax credit specifically for restaurants and bars, with Adesso Capital

Introducing an IRS tax credit specifically for restaurants and bars, with Adesso Capital

Author: Washington Hospitality Association March 21, 2024 Duration: 34:21

Gratuities fuel your business and it’s time you took advantage of the unique tax benefits afforded to you. The FICA Gratuity Credit is a federal tax credit for employers with gratuity-driven employees. This IRS credit allows employers to claim a portion of the FICA taxes paid on employees' gratuities as a credit against their tax liability. On average, restaurants are seeing an IRS credit of $40,000.

Find the slideshow here: https://wahospitality.org/wp-content/uploads/2024/03/Gratuity-Tax-Credit-Webinar_-WHA.pdf

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Produced by the Washington Hospitality Association, the Washington Hospitality Industry Webcast serves as a direct line to the vital information that keeps restaurants, hotels, and venues across the state running. This isn't a general business podcast; it's a focused resource built from the ground up for owners, managers, and staff navigating the unique landscape of Washington's hospitality sector. You'll hear recorded webinars that dive deep into operational how-tos, from compliance updates and workforce management to innovative customer service strategies. Regular news segments break down the latest legislative changes and economic trends that directly impact your bottom line, offering clarity on complex regulations. The audio format of this podcast makes it easy to stay informed during a commute or between shifts, transforming industry updates into actionable intelligence. Tune in for exclusive access to expert discussions and practical resources designed to strengthen your business, support your team, and enhance the guest experience. The Washington Hospitality Industry Webcast is your partner in building a more resilient and successful operation, one episode at a time.
Author: Language: English Episodes: 100

Washington Hospitality Industry Webcast
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