Kristine Hillmer and Dawn Faris from the Wisconsin Restaurant Association recently met with Adesso Capital CEO Damon Maletta to discuss the latest updates on how our partnership can help restaurant owners.  With decades of restaurant experience, the Adesso team gets our industry and knows how to help you.

We're particularly excited about three things we learned during our meeting:

1. Tip Tax Credit for EMPLOYERS is something you must look into  
Taking advantage of the FICA tip credit for businesses could mean you get a big refund. If your staff collects tipped wages, you - as the business owner—can claim a credit on the federal taxes you've already paid on those tipped earnings—and you may even be eligible to turn that credit into a refund.* Don't assume you've received this - most business owners haven't!
To give you an idea what this means, Adesso recently calculated the credit for a restaurant group in Texas that has since received a credit from the IRS amounting to $420,000 across 3 of their 5 locations. 
 
The FICA Tip Credit isn't tied to COVID-relief dollars or special government funding, which means you can collect now and in the future. Check with Adesso to calculate your credit through our website. Call 800-737-3751 to talk to someone at Adesso.  Be sure to let them know you're with the Wisconsin Restaurant Association 
 
More info on FICA Tip Tax for Employers
 
2. With Adesso's extensive LENDING options, you'll find a solution that's right for you
Your finances are a sensitive area and you need to feel confident your lending partner has your best interests at heart. Borrowing options range from $10,000 to $1 million and Adesso’s team will source the best loan for your needs. Whether it’s time to expand or remodel, or you simply need a cash injection for day-to-day operations and payroll, they can ensure you have the time and money to continue doing what you love to do best.
 
Discover Lending Options
 
3. If you have not yet filed for 2021 ERC credits, the time to do so is now
Since enacting a moratorium on processing claims, the IRS has not yet confirmed a specific resumption date but has stated they anticipate it will be sometime in the late spring. If you haven't yet taken advantage of this government program, Adesso is once again here to help. 
 
Check into your ERC eligibility

If you have questions about WRA's partnership with Adesso or any of these opportunities, please feel free to reach out to:
Dawn Faris, Vice President Membership & Business Development
Wisconsin Restaurant Association
[email protected]
608.216.2834
 
*Depending on your corporate structure or entity type, the credit you receive on FICA taxes reported and paid may result in a tax refund for owners and shareholders.