Kallas Restaurant Accounting

Office: 313.962.6000

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Accounting, payroll, taxes, & advisory services

Tax Planning Checklist for Restaurant Owners

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The Restaurant Owners Tax Planning Checklist is a proprietary checklist of 60 items a specially trained Kallas expert uses to evaluate the health and tax-wise operation of your restaurant and bar business.

Kallas uses its finely-tuned expertise and this checklist to find opportunities of tax savings for you. Even for small restaurants and bars savings using this checklist can amount to thousands and even tens of thousands of dollars.

The checklist includes an assessment of such areas as:

  • The tax-wise use of entity or multiple entities.
  • Risk exposure and mitigation on tip reporting.
  • Use and availability of tax credits.
  • Red flag items.
  • Tax-wise handling of MBT.
  • Basis and loss issues.
  • Personal property tax opportunities.
  • Multiple location problems and opportunities.
  • Office and system inefficiencies and opportunities.
  • Audit risk areas.
  • Unemployment issues.
  • And more.

In other words, we look at everything you are doing of a financial nature to save you money. No other accounting firm provides such a service.

The Restaurant Owner Tax Planning Checklist is meant for new clients or for subscribers of the website. Long time clients are constantly assessed and advised as the need arises as part of their monthly and yearly service.

A “Start up” assessment which analyzes the key financial areas is $350 which includes a 1-hour meeting to discuss results and options. A full 60 item assessment covering all areas of your operation is $800 and includes a 2-hour meeting to discuss results and options.

To determine whether you are a good candidate for the Tax Planning Checklist simply click here to request a consultation.