Know your food and labor costs every month, not every April.
Restaurants run on thin margins and fast cash. We keep your books current so you can see food and labor costs while there’s still time to change the menu or the schedule.
What we handle for restaurants
- Food, beverage and labor costs tracked month by month
- Tip reporting and the FICA tip credit, coordinated with your payroll
- New York sales tax filings
- Multi-location reporting, so you can compare stores side by side
- Buildouts and equipment purchases structured for the deduction and the cash
- Owner tax planning, coordinated with the business every quarter
Questions owners ask us
Can I write off a restaurant buildout faster?
Often. Interior improvements to a building that is already in service generally qualify for faster write-offs than the building itself, which can mean deducting much of the cost up front instead of over decades. We plan the purchase so the deduction and the cash line up.
Is the FICA tip credit worth claiming?
Usually, if your staff report tips. The credit gives back the employer’s share of Social Security and Medicare tax paid on reported tips beyond what is needed to bring pay up to the federal minimum wage. We make sure payroll is set up to capture it.
Let’s talk about your business.
A first conversation costs nothing and commits you to nothing.