Types of Food and Beverage Businesses We Serve:

• Restaurants and Cafes: Independent eateries, chains, and fast-casual concepts requiring cost management, inventory tracking, and profit analysis.
• Food Manufacturers: Businesses involved in producing packaged foods, beverages, and other consumable products.
• Catering Companies: Event-based food services, from weddings to corporate functions, with unique accounting needs.
• Bars and Pubs: Managing inventory, licensing, and sales for bars, pubs, and nightclubs.
• Food Distributors: Companies that distribute food and beverage products to retail outlets or other businesses.
• Wholesale Food Suppliers: Businesses supplying restaurants, retailers, and grocers with bulk food products.
• Health Food & Specialty Stores: Retailers specializing in organic, gluten-free, vegan, or other niche food products.

How We Help:

• Cost of Goods Sold (COGS) Tracking: Accurate tracking of food and beverage costs to ensure profitability and proper pricing.
• Inventory Management: Streamlined systems to track inventory levels, reduce waste, and manage supplier relationships.
• Sales Tax Compliance: Ensure proper HST filings for food-related transactions and sales in Ontario, with specialized advice on tax exemptions for certain products.
• Payroll and Tip Management: Efficient payroll services that handle wages, tips, and bonuses for employees in food service and hospitality.
• Financial Forecasting and Budgeting: Detailed projections to manage costs, plan for seasonal fluctuations, and maintain cash flow.
• Profitability Analysis: Evaluating margins and revenue streams to optimize pricing strategies and menu offerings.
• Regulatory Compliance: Ensuring your business adheres to health and safety regulations, food standards, and industry-specific financial requirements.

No matter the size or type of food and beverage business you run, Tauro Accounting offers the specialized support needed to keep your finances healthy and your business growing. Let us manage your numbers while you focus on serving your customers.

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