Did you know that there are special taxes and reporting requirements for Restaurant Establishments? Did you know there are special plans and steps you can take to help your restaurant be more successful and attract more individuals?
We help you...
- Prepare a business plan to clarify your marketing, management, and financial plans.
- Determine your capital needs.
- Identify sources of capital and backup sources if needed.
- Evaluate and quantify your borrowing power so you know how much money you can get your hands on if needed.
- Select the right accounting software by evaluating your budget, needs and hardware.
- Prepare a Cash Flow Budget so you know exactly how much money you need to keep the business alive each month for the first few years. Unplanned cash requirements are always emotionally painful.
- Establish procedures to monitor and control costs.
- Prepare and file all required state and local licenses and permits, including sales tax, liquor tax and city taxes and permits.
- Provide payroll and payroll tax filings, including calculation of tips and withholding. Comply with employment laws so you don't get hit with fines and unhappy employees.
- Identify your business insurance needs.
- Develop a solid Partnership, Vendor and Employment Agreements. These are extremely important documents for all businesses and will help prevent a tremendous amount of financial and emotional problems down the road.
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