If you own a business where tipping is customary, you may qualify for the FICA tax credit for taxes you pay on your employees’ tip income.
What is the FICA Tax Credit?
Tag: FICA Credit
COVID-19 Employment Tax Deposit Relief Guidance Issued by IRS
The IRS has issued guidance providing relief from failure to make employment tax deposits for employers that are entitled to the refundable tax credits provided under two laws passed in response to the coronavirus (COVID-19) pandemic.