Restaurant owners are always stressed by taking care of the customer, promoting the target segment, dealing with the supplier, etc. We are here to share your pressure. The most common inquiries from Restaurants clients are Bookkeeping Services and HST Remittance & Tax Planning.
Bookkeeping & Accounting Service and HST Remittance
We are tech-efficient and we provide Bookkeeping & Accounting services to our clients through QuickBooks Online. Instead of meeting with us on a regular basis and handing over piles of your transactions, we are able to pull over your business records online. Therefore, we will prepare financials and HST remittances for you without distracting your attention from operating your restaurant. We will meet quarterly or whenever you needed to answer your concerns.
By downloading the QuickBooks Online App on your phone, you can see the progress of our bookkeeping. In addition, you can view your income from different sources as well as various categories of expenses, which allows you to understand your financial conditions in greater detail.
With more clarity on the Tax Reform Proposal which targeted wealthy small-to-mid business owners, most restaurant owners are facing stricter requirements on both profit-sharing and holding a passive investment portfolio within the corporation. Failure in tax planning will cost you unnecessary tax liability while failure in proper disclosure will result in the CRA penalty and interest.