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The Retirement of Managing Partner R. John Jones

As Linkenheimer LLP approaches a significant transition, we honor the remarkable career of our Managing Partner, R. John Jones, who will retire in July 2025. John’s journey with our firm began in May 1977, immediately after graduating with honors and distinction from Sonoma State University. He became a partner in January 1983 and assumed the role of Managing Partner in July 1986. Over nearly five decades, John’s visionary leadership and unwavering commitment have been instrumental in shaping the firm’s success and fostering a culture of excellence, collaboration and trust. 

A Pillar of Professional Excellence 

Throughout his tenure, John has exemplified professional excellence and relationships, guiding clients through complex financial landscapes. His expertise encompasses forecasting, budgeting, feasibility studies, mergers and acquisitions, lender financing, succession planning, compensation planning, along with income and estate tax planning. John’s strategic insights and dedication have been invaluable to our clients and have set a high standard within the accounting profession. 

Championing Community and Global Service 

John’s impact extends far beyond the office. A native of Sonoma County, he has been deeply involved in the local […]

If you’re an employer with a business where tipping is customary for providing food and beverages, you may qualify for a federal tax credit involving the Social Security and Medicare (FICA) taxes that you pay on your employees’ tip income.

Basics of the credit

The FICA credit applies with respect to tips that your employees receive from customers in connection with the provision of food or beverages, regardless of whether the food or beverages are for consumption on or off the premises. Although these tips are paid by customers, they’re treated for FICA tax purposes as if you paid them to your employees. Your employees are required to report their tips to you. You must withhold and remit the employee’s share of FICA taxes, and you must also pay the employer’s share of those taxes.

You claim the credit as part of the general business credit. It’s equal to the employer’s share of FICA taxes paid on tip income in excess of what’s […]