Restaurant & Food Service CPA Services
Navigate the unique financial challenges of the restaurant industry with specialized accounting services designed for food service businesses.
Specialized Accounting for Restaurant & Food Service
The restaurant industry faces unique accounting challenges that require specialized expertise. From managing food costs and inventory to handling tip reporting and complex payroll structures, restaurant finances demand attention to detail and industry-specific knowledge. Our team understands these challenges and provides tailored solutions that help restaurants maximize profitability while maintaining compliance.
Common Challenges
- •Complex inventory and food cost management
- •Tip reporting and payroll compliance
- •High employee turnover and training costs
- •Seasonal revenue fluctuations
Our Solutions
- ✓Automated inventory tracking and cost analysis
- ✓Streamlined tip reporting and payroll processing
- ✓Real-time financial dashboards for profit monitoring
- ✓Cash flow forecasting and management
Comprehensive Services for Restaurant & Food Service
We understand the unique financial needs of the restaurant & food service industry
Why Restaurant & Food Service Businesses Trust Us
With former IRS management experience and deep industry knowledge, we provide unmatched expertise for restaurant & food service businesses.
IRS Audit Protection
Former IRS manager knows exactly what auditors look for in restaurant & food service businesses
Industry-Specific Tax Savings
We know every deduction and credit available to restaurant & food service businesses
Growth-Focused Strategies
Financial planning designed to scale your restaurant & food service business
Get Your Free Restaurant & Food Service Tax Analysis
Restaurant & Food Service Industry FAQs
Q:How do you handle tip reporting for restaurants?
A: We ensure full compliance with IRS tip reporting requirements, including Form 8027 preparation, proper allocation of tips, and accurate payroll processing. Our systems track both reported and allocated tips to minimize audit risk.
Q:Can you integrate with our POS system?
A: Yes, we work with all major restaurant POS systems including Square, Toast, Resy, and others. We can automatically import sales data, streamline reconciliation, and provide real-time financial reporting.
Q:What tax deductions are available for restaurants?
A: Restaurants can deduct food costs, equipment depreciation, lease improvements, marketing expenses, and employee training costs. We also help with specialized deductions like Work Opportunity Tax Credits for hiring from targeted groups.
Q:How do you help with food cost management?
A: We implement inventory tracking systems, analyze food cost percentages, identify waste patterns, and provide menu pricing recommendations. Our goal is to help you maintain food costs between 28-32% of revenue.