The FICA Tip Credit: Money Your Clients Deserve, Without the Work.
An IRS-backed credit under §45B that returns 7.65% of all tip income. Often overlooked. Simple with PayStreet.
Why Most Accountants Miss This Credit
Buried deep in IRS forms and publications
Time-consuming calculations and documentation
Perceived audit risk scares clients away
Low awareness among restaurant owners
The Cost of Leaving It on the Table
$38,250
Average missed refund per restaurant client annually
Client Disappointment
When they discover competitors got this credit
Trust at Risk
Your reputation as their financial advisor
Why It's Not Worth Your Time
The FICA Tip Credit requires expertise most firms don't have in-house:
Minimum Wage Thresholds
Complex state-by-state calculations and federal compliance
Three Years of Documentation
Gathering and organizing tip records for retroactive claims
Payroll Coordination
Must sync with payroll providers for accurate tip reporting
IRS Form 8846
Specialized knowledge of credit calculations and supporting docs
PayStreet Handles Everything. You Remain the Hero.
What We Do:
- ✓Complete FICA analysis and calculations
- ✓Gather all tip documentation and records
- ✓Calculate exact credit amounts by period
- ✓Prepare IRS Form 8846 package
- ✓Deliver CPA-ready files for your filing
You Keep:
- ✓Client relationship and trust
- ✓Filing the amended returns
- ✓Advisory role and expertise
- ✓Revenue share opportunity
- ✓Your valuable time
Partnership Models That Work for You
Referral Model
Of our fee for each successful credit recovery
White-Label
Of our fee, offered under your brand
Co-Branding
Of our fee with joint client approach
Real Numbers from a Real Client
Client Profile
Mid-size restaurant group
3 locations, 75 tipped employees
$500,000 annual tip volume
Timeline
Initial consultation: Week 1
Documentation complete: Week 3
Amended returns filed: Week 4
Run a No-Pressure Analysis for One Client
See the credit potential. Zero obligation.