FICA Tip Credit
The FICA Tip Credit is a federal tax incentive allowing employers to recover a portion of FICA taxes paid on employee tips. Enacted in 1993 under the Revenue Reconciliation Act, this Tax Credit is claimed in conjunction with your company’s federal income tax filing. The credit reduces federal income tax liability rather than payroll tax liability directly.
Standard businesses with traditionally tipped employees that qualify for FICA include but are not limited to the below:
- Restaurants
- Barbers
- Salons
- Nail care
- Spa Services
- Bars & Nightclubs
- Hotels
- Catering companies
- Casinos
Trust
We are committed to developing strong lasting relationships through commitment, communication, and honesty.
Expertise
At Jorns & Associates our dedicated team of professionals have years of experience helping businesses navigate the ever-changing tax code and regulatory environment.
Community
We are committed to making a difference in every community we work in and our team has logged tens of thousands of hours and invested millions of dollars into local and national charitable organizations.
Ethics
Jorns & Associates is committed to conducting business the right way.
Efficiency
Our team specializes at helping companies operate at optimal capacity. At Jorns & Associates we streamline every step of the accounting process to ensure filings are done on time, every time.
Transparency
Many professional service companies surprise clients with completely unexpected hourly charges or hidden fees. At Jorns & Associates, we pride ourselves on our transparency when it comes to the fees associated with our services.
Locations
Main Office
301 N. Saint Francis St.
Wichita, KS 67202
New York Office
88 Elm Street, Ste# Penthouse
Rochester, NY 14604
Ohio Office
4040 Embassy Parkway, Suite 310
Akron, OH 44333
Resources
Contact
Jorns & Associates, LLC.
Email: support@jornstax.com
Phone: 877-465-6767
For Payments Send To:
Jorns & Associates LLC
P.O. Box 782934
Wichita, KS 67278
For Mail Send To:
301 N Saint Francis St
Wichita, KS 67202