Sacramento & Roseville Accountant for Restaurants
A Sacramento and Roseville accountant for restaurants can help manage tax reporting requirements for your business in the restaurant industry. Call today.
Operating a successful restaurant is not an easy feat by any stretch of the imagination. You must ensure that your establishment remains clean, keep track of your expenses and inventory, all while ensuring that your customers receive the dining experience they deserve. On top of all of this, you must fulfill complex tax reporting requirements depending on various aspects of your business. If you require assistance managing your tax liability for your restaurant, you should consult with an experienced Sacramento restaurant accountant today. At Cook CPA Group, we acknowledge the stress of managing a successful restaurant, and we are here to help you deal with the tax consequences that accompany the restaurant industry. Let our accounting firm handle the reporting requirements for your restaurant while you focus on keeping your customers happy.
California Sales and Use TaxesThe California Department of Tax and Fee Administration (CDTFA) states that all sales in California are taxable unless you meet the requirements of a certain exemption. The majority of taxable sales include the sale of tangible personal property. Tangible personal property is defined as an object that can be seen, held, weighed, or measured. As expected, food and beverages are the primary sources of taxable sales at a restaurant. It is important to understand when you must charge sales tax in California. For example, if your restaurant sells combination packages, you must charge a sales tax for these transactions. A combination package is when a restaurant sells two or more food items in a to-go package for a single price. The need for a sales tax may vary depending on the type of food or beverage sold in the combo package. Other instances where sales tax may be applied include:
- Preparing food or beverages that a customer provides (uncorking wine or cooking food)
- Providing employees with meals that they must pay for