Payroll, tip reporting, HST, cost management, and full accounting services for food and hospitality businesses.
You have high staff turnover and payroll is a constant headache
Tip reporting and allocation is confusing and you're not sure it's being handled properly
Your food and beverage costs are eating into your margins but you don't have clear numbers on it
You're running multiple locations and have no consolidated financial picture
Your POS system generates sales data but it's not being reconciled into your accounting
You're too busy running the operation to keep your books up to date
Complete accounting management, bookkeeping, financial reporting, payroll, HST, and tax filing.
Employee payroll including tip allocation, source deductions, T4 preparation, and CRA remittances.
Reconciling your POS sales data with your bank deposits and accounting system on a regular basis.
HST returns prepared and filed based on your filing requirements.
Tracking food and beverage costs so you know your actual margins and where to make adjustments.
T2 corporate returns for incorporated restaurants and hospitality businesses.
Consolidated accounting and reporting across multiple locations.
Financial documentation and lender coordination for new locations, renovations, or equipment.
Tell us about your operation and how we can support you.
We assess your situation and provide a clear scope and price.
We execute and deliver.
Tips are taxable income for employees. How they're reported depends on whether tips are controlled (pooled and allocated by the employer) or direct (kept by the employee). We set up the proper reporting structure and ensure it's reflected on T4s.
Your POS tracks sales, but it doesn't reconcile with your bank deposits or account for voids, refunds, or third-party delivery commissions. Those gaps need to be reconciled into your accounting system regularly.
It starts with consistent tracking of purchases. We set up cost of goods reporting so you can see your actual margins by period and identify where costs are out of line.
You'll need separate tracking by location, consolidated reporting, and potentially a different corporate structure depending on how you set it up. We also help with the financial documentation your lender will need.
Yes. We handle payroll for businesses with frequent hires and terminations, onboarding, payroll processing, ROEs, and year-end T4s regardless of how often your staff changes.
Book a consultation to discuss your situation and how we can support you.
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