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Tax Tip for Professionals in the Restaurant Industry Explore incentives for hiring employees from specific groups or investing in energy-efficient upgrades for your establishment. By maximizing deductions and credits, you can effectively reduce your taxable income and potentially lower your overall tax liability. Stay informed and take advantage of these opportunities to optimize your tax strategy.   Consider consulting with a tax professional who has experience working with restaurant owners to ensure that you're taking full advantage of all available tax-saving opportunities and staying compliant with tax laws and regulations.  For more information on our tax and accounting services, follow this link: https://lnkd.in/gYFzpFAm #RestaurantOwners #TaxCredits #TaxTips #FinancialStrategy 

T-minus one week until #taxday! Real talk: No one *really* enjoys doing their taxes, but for tipped employees, it can be a little extra complicated. 😵💫😵💫😵💫 If you've heard murmurings of confusion (or audible groans) from your employees, we've got you covered. Head over to our blog and get answers to the top 5 questions restaurant employees ask about reporting their tips — or share the link directly with your team!

Grab your favorite beverage, bring any burning tax questions, and lets make this a productive and enjoyable session. We are here to help you navigate the tax landscape the ALIEF WAY! Send a DM for a free Consultation Call! . . . . #taxhelp #taxtips #taxseason #taxquestions #deductions #taxrefund #taxcode

If you can't file your tax return by the April 15, 2024, deadline, request an extension. An extension gives you until October 15, 2024, to submit a complete return. You can use IRS Free File at IRS.gov/freefile to request an automatic filing extension or file Form 4868, Application for Automatic Extension of Time to File. Remember, an extension to file is not an extension to pay taxes. If you owe taxes, you should pay them before the tax deadline to avoid potential penalties and interest on the amount owed. Got any tax questions? Drop your questions in the comments below. Want to talk more in-depth about outsourcing your taxes to the experts? Get in touch with us today! 🗓 https://lnkd.in/gRAPgrFZ 🌐 https://lnkd.in/gPAFqHZu 💬 @warnermtbookkeeping #TaxTip #TaxSeason #smallbusinessowners #smallbiz #entrepreneur #restaurant #restaurants #foodie #restaurantbiz #bookkeeping #accounting #bookkeeper #quickbooks #cloudbookkeeping #virtualbookkeeping #warnermtbookkeeping

When preparing a restaurant for a tax audit, there are three key areas of interest that we want to consider to ensure compliance. These areas include financial and tax, property and employee. Discover the full list of considerations in this article by Capossela, Cohen. #TaxAudit #RestaurantIndustry https://hubs.ly/Q02zpxTJ0

National Restaurant Association webinar alert! From the FDA to the FSIS, #foodservice establishments are subject to a wide range of federal, state, and local regulations, making it one of the most regulated industries in the country. Join Aaron Frazier, the Association's VP of Public Policy, and Jeff Aldis, Manager of Tax for Pappas Restaurants, on June 12 at 2 p.m. ET for an informative webinar called 'Preserving Profit – Small Business Tax Deductions.' Hear from these two industry insiders as they discuss the current regulatory landscape and what it holds for the future of #restaurants. Click here to learn more and register: https://bit.ly/3QXLkSg #RestaurantProfits

Discover the secrets of writing off restaurant expenses on your taxes as a business owner 🍽️💼 #TaxTips #SmallBusiness #BusinessOwner #IRS #TaxWriteOffs

Accountants and CPAs, rejoice! Tax season is officially over. Celebrate your triumphs and unwind with a cold marg and delicious dishes from Fajita Pete's. You've earned it! 💼🌯 #TaxSeasonTriumph #FlavorfulRelief #TaxDay

🚨 Wine & Spirits Wholesalers of America and 30 Texas business leaders met with Congresswoman Beth Van Duyne to discuss the importance of extending the 199A tax deduction for small and family-owned businesses. The discussion focused on how the deduction helps companies reinvest in employees and communities. With the deduction set to expire in 2025, WSWA is advocating for action to protect Main Street businesses. 🇺🇸👉 Read more: https://lnkd.in/ea7iq9U6 #TaxNews #BusinessNews #Congress #MainStreetBusiness

This installment of our Tax Fundamentals Series helps businesses understand meals and entertainment (M&E) deductions.