the proactive CPA - Tax Planning

Proactive Tax and Wealth Building Strategies for Restaurant Owners

Our tax planning services for restaurant owners are specifically tailored to address the unique tax challenges faced by those in the foodservice industry.

The Proactive CPA pays attention to what you are doing and always offer helpful suggestions on what you need to do in order to maximize your earnings legally.

Tax Planning for Restauranteurs

Whether you're a small independent restaurant or a larger chain, we'll work closely with you to identify deductions and credits specific to your business. From navigating complex payroll tax requirements to maximizing deductions for operating expenses and equipment purchases, we'll provide you with comprehensive tax planning solutions.

Here are a few ways we utilize tax planning to help restauranteurs plan for stable financial growth:

Expense Categorization Analysis

We will categorizie expenses to maximize deductions, such as separating food and beverage costs from non-deductible personal expenses

Section 179 Deduction for Equipment

Utilizing the Section 179 deduction to expense qualifying equipment purchases in the year of acquisition

Cost Segregation Studies

Our team can conduct cost segregation studies to accelerate depreciation deductions on building improvements and assets

Staff Tip Tracking

Properly tracking tips, preparing and filing form 8846 to claim a credit for social security and Medicare taxes paid or incurred on employee tips

State and Local Tax Credits

Utilizing state and local tax credits or incentives available for restaurant businesses, such as hiring and investment credits

Compensation Strategies

Implementing tax-efficient employee compensation strategies, such as utilizing fringe benefits like employee meals or offering a qualified retirement plan

Want to explore the benefits of strategic tax planning?

Proactive tax strategies for foodservice entrepreneurs

With our assistance, you can focus on what you do best - running and growing your business - while we handle the complexities of your tax situation. We are dedicated to your success and committed to ensuring that you feel confident and secure in your tax situation.

What Our Clients Say

"As a developer, navigating the complex tax code can often become overwhelming and time consuming. I was with my previous CPA for 20 plus years and never once did mention any tax planning or strategy unless I asked. As well, your team's education and guidance on utilizing the Cost Segregation Study resulted in significant annual tax savings."

Jim J.

Developer

Stay ahead of the curve with proactive tax strategies