Bottom Line Tax and Accounting is a trusted team of accountants with a love of the business.
The restaurant industry can be quite tricky when it comes to accounting and taxes. Restaurant employees are often paid in both tips and wages. It is important to ensure tips are accurately recorded and claimed on tax returns. Restaurants are operated under unique tax code and income reporting requirements, and failure to comply can result stiff tax penalties. Restaurant owners can be held personally liable for any unpaid sales or payroll taxes if the establishment files bankruptcy. Having expert accounting help can mean the difference between success and failure.
Our CPAs are ready to assist you with bookkeeping, tax returns, tax preparation, payroll and answer all of your financial questions. If you are considering getting into this industry, we can help you assess your options, construct a solid tax strategy and incorporate or the set up an LLC. The Bottom Line accounting team maximizes your profitability and decreases your tax liability.
Our CPAs are ready to assist you with bookkeeping, tax returns, tax preparation, payroll and answer all of your financial questions. If you are considering getting into this industry, we can help you assess your options, construct a solid tax strategy and incorporate or the set up an LLC. The Bottom Line accounting team maximizes your profitability and decreases your tax liability.
