Restaurants & Hospitality

Flavorful Financial Management for Food & Hospitality

Restaurants operate on thin margins and fast-moving inventory. Success requires strict cost control, precise tip withholding compliance, and rigorous local tax reporting. Maple Tax Consulting empowers restaurateurs to safeguard their bottom line.

Specialized Hospitality Tax Strategies

• FICA Tip Credit (Form 8846): Claim substantial federal income tax credits for employer social security and Medicare taxes paid on employee tips.
• Food & Beverage Cost of Goods Analysis: Benchmark prime costs (food cost + labor cost) to uncover waste, leakage, and pricing opportunities.
• Sales Tax & Meals Tax Compliance: Accurate local and state tax reporting on dine-in, takeout, delivery apps, and alcoholic beverages.
• Leasehold Improvements & Equipment Depreciation: Maximize write-offs on kitchen equipment, grease traps, walk-in coolers, and dining room renovations.
• Payroll & Tip Allocation (Form 8027): Ensure your POS data and payroll processing comply with federal tip reporting guidelines.

Support for Every Concept

Whether you run a single neighborhood bistro, a high-volume bar, or a multi-unit franchise, we provide dependable accounting support tailored to your rhythm.