09/30/2025
Nashville business owners : have you heard about the new "No Tax on Tips" law? This is BIG news for restaurants, bars, salons, delivery services, and anyone with a team earning tips! 🎉
Here’s what’s shaking up the Music City scene:
👉 As of 2025, employees in qualifying tipped industries (think servers, bartenders, hairstylists, drivers & more) can now deduct up to $25,000 of tips from their federal income taxes! That means more money in their pockets : and a major recruiting & retention boost for local businesses!
👉 It applies to full- and part-time staff earning under $150K (single) or $300K (joint), and covers tips received from customers (not mandatory service charges). Payroll taxes (Social Security & Medicare) still apply, but that IRS bill? Way lower.
WHAT DOES THIS MEAN FOR YOU? If you run or manage a Nashville restaurant, bar, food delivery, salon, or ANY tip-driven business: You need to update your payroll reporting and help your team understand how to maximize their benefits!
Don’t leave money on the table. The details matter (and so does recordkeeping). Let’s make sure your staff AND your business take full advantage of this!
💬 Want a step-by-step plan that keeps y