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Industry Expertise
The food industry operates on thin margins. We help you keep more of what you earn through smart tax strategy.
Every industry has its own tax challenges. Here are the ones we see most often with restaurants & food industry clients.
Proper reporting of employee tips, tip credits, and allocated tips to avoid IRS penalties.
Accurate COGS calculations are essential for profitability and accurate tax reporting.
Tax credits available for hiring from targeted groups and retaining staff through economic challenges.
Restaurant buildouts and renovations may qualify for accelerated depreciation under qualified improvement property rules.
Operating multiple locations or franchise units adds complexity to entity structure and consolidated reporting.
Our services are tailored to the specific needs of restaurants & food industry clients.
Business returns that account for tip reporting, COGS, and restaurant-specific deductions and credits.
Strategies for timing equipment purchases, managing cash flow seasonality, and capturing available credits.
Daily sales reconciliation, food cost tracking, payroll compliance, and vendor payment management.
Restaurants and food businesses have unique accounting needs that require industry-specific knowledge. We understand tip reporting rules, food cost percentages, and the seasonal cash flow patterns that define this industry.
Whether you run a single location, a food truck, a catering operation, or a multi-unit franchise, we have helped food industry clients optimize their tax position and maintain clean financials.
We proactively monitor tax credits and deductions specific to the food industry, including FICA tip credits, qualified improvement property depreciation, and energy-efficient equipment credits.