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Who we help

Restaurants & Hospitality.

Food and events — tight margins, tips, deposits and HST at the register. Every niche below has dedicated pages for the things owners actually ask us about.

“Your industry shapes your numbers. We know what to look for.

Walla Assaf, CPA · Founder, Tauro Accounting

Common questions from restaurants & hospitality clients

05
How should tips be reported for my employees?

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.

My POS system tracks sales, isn't that enough for my books?

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.

How do I track my food costs properly?

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.

I'm opening a second location, what do I need?

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.

Can you handle payroll with high staff turnover?

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.

Let us see if we are the right fit.

A free 15-minute discovery call, no commitment. Walla replies within two business days, either way.

CPA Ontario
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