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Complete Guide on Restaurant Taxes for Managers/Owners

RASI - Restaurant Accounting Services Inc
1.22K subscribers
886 views 2 years ago The Tip Share
Keeping up with State and Local taxation laws and compliance can feel overwhelming and confusing.  As a restaurant owner, ensuring accurate and timely tax payments is critical to avoiding unnecessary penalties and maintaining licensing.  Understanding tax types, what they mean to your business and how investing in tax professionals to assist with calculation, remittance and payment can help reduce your audit risk and maximize your deductions. In this video, we'll explore the different tax types, how to handle taxes on restaurant specific activities such as tips and service charges, and strategies for tax planning.   Don't let the stress of tax management get in your way.  Watch this video to understand tax risks and minimize the tax burden for your restaurant. Read the full Blog Post: https://rasiusa.com/blog/complete-gui... Listen to the full Podcast Episode: https://podcasters.spotify.com/pod/sh... Social Handles: RASI Instagram:   / rasi …...more
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Complete Guide on Restaurant Taxes for Managers/Owners
13Likes
886Views
2023May 2
Keeping up with State and Local taxation laws and compliance can feel overwhelming and confusing.  As a restaurant owner, ensuring accurate and timely tax payments is critical to avoiding unnecessary penalties and maintaining licensing.  Understanding tax types, what they mean to your business and how investing in tax professionals to assist with calculation, remittance and payment can help reduce your audit risk and maximize your deductions. In this video, we'll explore the different tax types, how to handle taxes on restaurant specific activities such as tips and service charges, and strategies for tax planning.   Don't let the stress of tax management get in your way.  Watch this video to understand tax risks and minimize the tax burden for your restaurant. Read the full Blog Post: https://rasiusa.com/blog/complete-gui... Listen to the full Podcast Episode: https://podcasters.spotify.com/pod/sh... Social Handles: RASI Instagram:   / rasinc__   RASI Twitter:   / rasinc_   RASI Facebook:   / restaurantaccountingservicesinc   RASI LinkedIn:   / restaurant-accounting-services-inc-rasi   Chapters: 00:00 Intro 00:27 Importance of Understanding Restaurant Taxes as a Business Owner 00:51 IRS Tax Regulations for Restaurant Businesses 01:51 Corporate Taxation by Entity Type 02:54 Understanding Restaurant Taxes 04:01 Restaurant Taxes on Tips 04:27 Strategies for Restaurant Tax Planning #RASI #FocusOnFoodNotFinances #restaurantaccounting #restaurantaccountingservices #restaurantaccountingsoftware #restaurantpurchasing #restaurantpurchasingprogram #restaurantbudgets #restaurantbudgeting #foodcosting #menuengineering #restaurantoperations #restaurantpayroll #restaurantHR #restaurantcompliance #restaurantconsulting #restaurantinventorymanagement #openingarestaurant #restaurantstartup
131 episodes
The Tip Share
RASI - Restaurant Accounting Services Inc

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RASI - Restaurant Accounting Services Inc

1.22K subscribers