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RESTAURANT & CAFE ACCOUNTING


Getting the restaurant accounting and tax expertise you need is simple when you use the help of Honest Buck. As a full-service accounting firm, Honest Buck is an expert in accounting and tax preparation for restaurants, cafes, and other food-based businesses. Discover how you can take advantage of a cafe accounting expert to reduce taxes and leverage tax savings.

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Payroll Expertise

Tax Expertise

Accounting Expertise

 

Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips

Work Opportunity Tax Credit

Small Employer Health Insurance Credit

UNICAP Rules

Small Wares Tax Deduction

Qualified Business Income Deduction

1099-K Reporting

Employer's Annual Return of Tip Income and Allocated Tips

Employee's Report of Tips to Employer

Unreported Tip Income

Tip Allocation Methodologies

Minimum Wage Laws

Meals Provided to Employees

ACA Requirements

Franchise Agreements

Upfront Payments from Suppliers

Tipping vs. Service Charge

Gift Card Sales

8% Rule

Income From Delivery Facilitators

Liquor License Amortization

 

Honest Buck in Action

At Honest Buck, we don't just talk about what we do, we show up and deliver. Discover how we've helped a local Seattle restaurant prepare and take advantage of tax savings over the years since its opening:

  • A streamlined tip allocation process. Allocating tips appropriately is essential when tracking expenses for labor costs in the restaurant industry. But without an organized process, it's easy to lose track of tips. Thanks to our restaurant accounting expertise, we were able to establish a process for tip allocations to help streamline the process.

  • Practical wage law monitoring. We also helped our restaurant client monitor minimum wage laws effectively.

  • Effectively reduce taxes. With our expert restaurant tax preparation services, we helped maximize the startup cost deduction and leasehold improvements depreciation for our client. We were able to decrease taxes by enforcing Marketplace Fairness laws on delivery facilitators. We also assisted our client in leveraging the small employer health insurance credit to further reduce its tax liability. As a result of this expertise, we helped our client save on costs over time.

 

Get Help From a Restaurant Accounting Expert

Ready to get started?

Looking for one of the best accounting services out there with deep restaurant expertise? Leverage a restaurant accounting expert who can help you reduce taxes and more. Contact us at Honest Buck Accounting to schedule an appointment today!