(818) 806-8131 info@tmtaxadvisors.com 1151 W 5th Street, Azusa, CA 91702
TM Tax Advisors Azusa · California
(818) 806-8131 info@tmtaxadvisors.com 1151 W 5th Street, Azusa, CA 91702 Se habla español

Restaurants & Food Service

Restaurants & Food Service — tax and accounting that fits how you actually operate

Restaurants run on two numbers — food cost and labour cost — and a month-old P&L is far too late to act on either.

What goes wrong

The five things that cost restaurants & food service businesses money

01

Prime cost, weekly

Food plus labour as a percentage of sales is the number that decides whether the restaurant survives. Monthly is too slow.

02

Daily sales reconciliation

POS, delivery platforms, card processors and cash all have to tie out every day, or discrepancies become untraceable.

03

Tip reporting & credits

Tip allocation, the FICA tip credit and reporting thresholds are easy to get wrong and expensive to correct.

04

Delivery platform economics

Third-party commissions, marketing fees and the sales tax the platform collects all need separating out to see true margin.

05

Sales tax on prepared food

Hot food, cold food, to-go and dine-in are treated differently in California. Auditors know this even when owners do not.

What we do about it

How we work with you

  • Daily sales journal built from your POS, reconciled automatically
  • Weekly prime cost reporting rather than a monthly autopsy
  • Tip reporting and the FICA tip credit handled properly
  • Delivery platform income and fees separated so real margin is visible
  • Sales tax categories configured correctly at the POS level

Services

What this usually involves

Bookkeeping & Monthly Close

Reconciled every month, closed on a schedule, and delivered with a short note explaining what changed. Not a shoebox reconstructed in March.

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Payroll & Worker Classification

Running payroll is the easy part. Staying on the right side of the EDD, wage orders, sick-leave accrual and worker classification is where employers actually get hurt.

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Sales Tax & CDTFA Compliance

California layers district taxes on top of the state rate, treats marketplace sales differently, and audits sellers more actively than most states. We keep the filings clean.

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Outsourced CFO & Financial Advisory

Forecasting, margin analysis, pricing and capital decisions — the work a full-time CFO would do, scaled to a business that does not need one full time.

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Let’s look at your restaurants & food service numbers.

Bring last year’s return and a month of books. Thirty minutes, no charge, and a straight answer about what we would change.