Tip Tax Credit and Employee Retention Credit

Did you know your employees’ tips can get you money back from the IRS?

With Tip Tax Credit by Adesso, employers can get tax credits for tips your employees earn. Since it’s not a loan or grant, there are no restrictions on how you can use it to grow your business.

Here’s what you need to know about this valuable program:

• The FICA Tip Credit is a federal tax credit available to employers who have employees who receive tips as a significant part of their income. FICA stands for the Federal Insurance Contributions Act, which includes Social Security and Medicare taxes. The credit allows employers to claim a portion of the FICA taxes paid on employees’ tips as a credit against their own tax liability.
• If your business is tip-driven, tips are reported by your employees, and FICA taxes have been paid on those reported tips, your business may qualify.

Ready to learn more? Visit our Adesso partner page today to get started with Tip Tax Credit.

New lending solutions that get you the capital your business needs.

66% That’s the percentage of small business owners who have said they keep coming up short on funds, unable to take their business to the next level. 

Maybe you applied for ERC funds and are still waiting to get them back to your bank account. Or maybe you’ve received ERC funds, and it’s just not enough to bridge the gap.

Or maybe you didn’t qualify for COVID relief at all.

Adesso gets it. That’s why they’re stepping in to help.

Our partner Adesso Capital is now offering lending solutions that get you the money you need. Adesso’s easy-to-use lending network connects you 1:1 with financial experts who will work diligently to find you the best solution that gets you preferred rates that fit your business.

Whether you need:

• Business term loans
• Equipment financing
• Merchant cash advances
• SBA loans
• Lines of credit 

Adesso can make it happen!