Maximize Your Profitability by Recovering FICA Taxes on Employee Tips

Unlock Tax Benefits

By taking advantage of the Federal Insurance Contributions Act (FICA) Tip Credit, your business can recover a portion of the Social Security and Medicare (FICA) taxes paid on employee-reported tips.

This valuable incentive is available to companies in industries where tipping is customary, including restaurants, bars, and hospitality. Ryze simplifies the process, helping you secure maximum savings while focusing on your business growth.

Let Ryze Elevate Your Business.
About The Credit

What Is The FICA Tip Credit

The FICA Tip Credit allows businesses in tipping industries to recover the employer’s share of FICA taxes paid on employee-reported tips. This valuable credit not only reduces your tax liability but can also result in significant savings that you can reinvest back into your business. 
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Expert Guidance to Maximize Your FICA Tip Credit Benefits

Simplify Your FICA Tip Credit Claims

Claiming the FICA Tip Credit can be a complex process, but the potential savings are significant - often thousands of dollars each year for businesses in tipping industries. Ryze takes the hassle out of the process, guiding you every step of the way to help you maximize your savings and reinvest in your business.

Eligibility Assessments

Ryze analyzes your payroll to identify all eligible employees for the FICA Tip Credit, ensuring maximum savings.

Streamlined Application Process

We handle all required forms and submissions, simplifying the complex application process and ensuring timely filings.

Compliance Assurance

Our experts ensure your business meets all reporting standards for employee tips, maximizing your FICA Tip Credit savings.

Credit Tracking and Reporting

Gain actionable insights with custom reporting that tracks your FICA Tip Credit claims and highlights the financial impact on your business.

Image showing a happy woman receiving tips

Who Is Eligible

Who Can Benefit from the FICA Tip Credit?

  • Businesses in industries where tipping is customary (such as restaurants, bars, and hospitality)
  • Employers whose employees report $20 or more in tips during a calendar month.
  • Businesses where tips are earned while serving, delivering, or providing food or beverages in customary tipping settings.
  • Employers who pay both the employee and employer portions of FICA taxes on reported tips.

 

"Ryze made claiming the FICA Credit easy and hassle-free. We recovered significant funds and boosted our bottom line. Their expertise was invaluable, and I couldn’t be more pleased with the results!”
 
– Sarah L., Restaurant Owner

How It Works

Unlock Savings and Efficiency Tailored to Your Industry
1
Step 1
Contact our team for a free consultation. We'll get back to you within 24 hours.
2
Step 2
We evaluate your workforce and identify all eligible tax credits.
3
Step 3
Our experts handle the certification process to secure your credits.

Ryze At A Glance

This Is How To Create Real Impact
100 Years
Collective Credit Experience
3B Dollars
Captured Credits

Why Choose Us

We Make Growth Simple

Accessing FICA Tip Credits should be seamless and rewarding. Here’s how we help you get the most out of every opportunity:

Unmatched
Expertise

With more than 100 years of leadership experience, we specialize in uncovering every eligible credit  to maximize your savings.

Personalized
Support

Your situation is unique and so are our strategies, customized to align with your recovery needs and goals.

Up-to-Date
Guidance

Stay ahead with real-time updates on legislative changes that may impact your eligibility and savings.

Performance-Based
Partnership

Our model is simple: we only win when you do. That’s why we work tirelessly to maximize the tax credits your business is eligible for.

Ryze At A Glance

This Is How To Create Real Impact
100 Years
Collective Credit Experience
3B Dollars
Captured Credits

Ryze At A Glance

This Is How To Create Real Impact
100 Years
Collective Credit Experience
3B Dollars
Captured Credits

 

More About Ryze

Your Partner for Workforce Compliance and Financial Growth

Ryze is the result of merging two companies into a powerful, integrated service that simplifies compliance and tax credit management. Our mission is to help businesses scale effortlessly by streamlining compliance and leveraging expert tax credit strategies to unlock financial rewards, driving smarter, more profitable growth.

I-9 Verification & Compliance

Ensure seamless onboarding with our advanced I-9 compliance tools and E-Verify integration. Our Virtual Verify Agent Network makes remote verification effortless, helping your business maintain compliance while reducing the risk of costly penalties.

Tax Credits & Incentives

Maximize savings through federal, state, and location-based tax credit programs. From Work Opportunity Tax Credits (WOTC) to FICA Tip Credits and Empowerment Zone incentives, we identify and claim every eligible reward to boost your profitability.

I-9 Verification & Compliance

Ensure seamless onboarding with our advanced I-9 compliance tools and E-Verify integration. Our Virtual Verify Agent Network makes remote verification effortless, helping your business maintain compliance while reducing the risk of costly penalties.

Tax Credits & Incentives

Maximize savings through federal, state, and location-based tax credit programs. From Work Opportunity Tax Credits (WOTC) to FICA Tip Credits and Empowerment Zone incentives, we identify and claim every eligible reward to boost your profitability.

Don’t Miss Out on Valuable Tax Savings from the FICA Tip Credit

Let Ryze simplify the FICA Tip Credit process and help you claim all the savings you're entitled to. Our team will handle the paperwork and ensure you maximize your benefits.

FAQs

How do I know if my business qualifies for the FICA Tip Credit?

If your business operates in an industry where tipping is customary (such as restaurants, bars, or delivery services) and employees report $20 or more in tips during a calendar month, you may qualify. Ryze will assess your payroll and confirm eligibility.

What documentation is required to apply?

You’ll need to provide documentation showing that employees reported tips and that FICA taxes were paid. Ryze handles the paperwork to ensure accuracy and compliance with the IRS requirements.
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Can I apply for the FICA Tip Credit on my own?

Yes, but the process can be complex. Ryze streamlines the entire process by managing all documentation, ensuring compliance, and maximizing your eligible credits. Our expertise saves you time and ensures you receive the full benefits of the program.

How much can I save per employee?
The amount you can save depends on your employees’ reported tip wages. For employees earning less $5.15/hour or more in non-tip wages, the credit equals the full amount of the employer’s share of FICA taxes paid on tip wages. For employees earning less than $5.15/hour in non-tip wages, the credit applies to the employer’s share of FICA taxes on tips, adjusted by the difference between $5.15/hour and the non-tip wage. Ryze ensures you claim the maximum credit based on your employee’s reported tip wages.
Can I apply retroactively?

Yes, you can carry the credit back one year to offset previous tax liabilities or forward up to 20 years for long-term savings.

How long does it take to receive the credits?
Timelines depend on your tax filing schedule. Ryze expedites the process to help you receive credits as quickly as possible.

I-9 Verification & Compliance

Ensure seamless onboarding with our advanced I-9 compliance tools and E-Verify integration. Our Virtual Verify Agent Network makes remote verification effortless, helping your business maintain compliance while reducing the risk of costly penalties.

Tax Credits & Incentives

Maximize savings through federal, state, and location-based tax credit programs. From Work Opportunity Tax Credits (WOTC) to FICA Tip Credits and Empowerment Zone incentives, we identify and claim every eligible reward to boost your profitability.