Restaurant

RESTAURANTS TAX EXPERTS

Over 20 Years' Experience Working With Restaurants

Our Experts Can Help You To Minimise Income Tax & Gst Payments

SPEAK OF OUR RESTAURANT TAX CONSULTANTS!

Contact us today for a FREE consultation!
Maximise Your 2019/20 Tax Refund

Our Tax Consultants are specialists in the Restaurants Tax Returns and can help maximise your tax refund.

You can meet our tax consultant face to face using your computer or mobile via Zoom from home.

Tax Consultation Meeting via Zoom
What we bring to you

Maximise Tax Refund

Our expert team can maximise your tax refund by accurately identifying all possible tax deductions in your income tax return and BAS lodgement. We provide you with proven tax compliant strategies that can reduce the amount of tax you pay.

Past Tax Review

We can review your previous tax returns and BAS lodgements to identify any missed tax deductions. We can then amend your previous tax returns to include these deductions for a refund from the ATO.

Maximise your business deductions

Our certified public accountants and ATO approved registered tax agents have more than 20 years of experience in sole trader, partnership and company business tax concessions and tax deductions.

Day to Day Bookkeeping

We can assist with your day to day bookkeeping needs including processing your business transactions, bank reconciliations, accounts payable and receivable reconciliation and BAS lodgements.

Payroll Processing

We can take responsibility for your employees’ payroll, leave, superannuation, Workcover, payroll tax and PAYG.

Tax Planning

Our expert accountants can advise and implement tax minimisation plans to significantly reduce the tax you pay, increase your cash flow and build your wealth.

ATO Enquires

Our expert accountants can take professional responsibility for your tax return and BAS lodgement and represent you for any other ATO enquiries.

Business Loans

We can assist you to get the best interest rate for your loan needs through our bank referral program. We also prepare all financial and business reports required for your business loan.

Business Advice

Our experts can advise you to make the best business decisions and assist you to design and implement cost-effective marketing strategies to improve your bottom line.

Personalised Tax & ACCOUNTING Service, Expert Advice and one-on-one Attention

Tax Returns & Accounting
From just $77
Option To Get Your Tax Return Done Via Video Call
  • Virtual Appointment / Meeting with your local Consultant
  • 650 consultants Australia wide
  • After hour appointments available
  • Returns lodged same business day
  • Returns typically paid in 10 days!
  • ATO - Approved Tax Agent

Restaurants
Tax Consultant

Our team of tax consultants have extensive experience with restaurant industry. Our experts can help you to mimimise your income tax liability and  GST payments
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What we bring to you

Gst Claims On Food Supplies Purchased

For many restaurants bookkeepers miss the opportunity to claim GST credit for food supplies purchased (e.g. processed food items such as meat, fish and vegetables). Due to the complexity of the GST rules and restaurant invoices including GST inclusive and exclusive purchases, our tax experts can assist you to accurately claim your GST credits.

Gst On Restaurant Food Sales

Restaurants sell GST free and GST applicable food items. Where a restaurant does not have their GST free food items correctly set up, they can end up paying more GST than required. Our tax experts can review the GST codes in your sale system to ensure you only pay the correct amount of GST.

Cash In Hand Wages And Payments

A common misconception for some business owners is that using cash in hand payments for casual employees and/or suppliers can benefit them financially. Our tax consultant can assist you to avoid using cash in hand payments while reducing your income tax.

Home Office Expenses

Many restaurant owners and their partners work from home after hours to manage their business (e.g. ordering and paying for food supplies). Working from home allows restaurant owners to deduct home office expenses from their restaurant income. Deductions include the cost of using a working space in your home i.e. power for heating, cooling and lighting.

Losses For Food Stock Spoils

Restaurant owners may be unaware that claims may be made for stock spoils and the loss of stock value. Our tax consultants can determine the deductions available for these stock loss items to reduce your GST payments and income tax.

Depreciation On Kitchen Equipment

From our experience restaurants often pay more income tax than required due to incorrect depreciation calculations for kitchen equipment. This can happen with the number of changes to depreciation concessions that apply for small businesses, including restaurants. Our tax consultant will ensure you are applying the current depreciation calculations to your equipment to reduce your income tax.

MOTOR VEHICLE EXPENSES

Any expenses associated with a car, van, utility, twin-cab or other vehicle used for business purposes can be claimed. This includes the decline in the vehicle value, interest on loans and repairs and other operating expenses such as fuel, servicing, registration, tolls, parking and insurance.

IMMEDIATE WRITE- OFF

As a small business owner, if you purchase and use assets in your restaurant that cost less than $30,000 you can claim this amount as an immediate tax deduction.

TRAVEL EXPENSES AND MEAL ALLOWANCES

Travel, accommodation and meal expenses when working away from home, or working more than normal business hours e.g. greater than 8 hours per day, may also be claimed.

BUSINESS OPERATIONAL EXPENSES

Our tax consultants work with you to ensure all of your business operation expenses including electricity, gas, rent and wages are accurately assessed and claimed.

LOAN INTEREST EXPENSES

It may surprise you to know that bank loan interest and bank fees are often missed when tax returns for restaurants are prepared. Our tax consultants ensure all business expenses, including bank loan interest and bank fees, are claimed to reduce your income tax.

EQUIPMENT EXPENSES

This includes equipment bought, hired and leased for use in your restaurant and the cost of repairs and maintenance of equipment.

PAST TAX REVIEW

We can review your previous tax returns and BAS lodgements to identify any missed tax deductions. We can then amend your previous tax returns to include these deductions resulting in a tax refund

BUSINESS LOANS

We will assist you to get the best interest rate for your loan needs through our bank referral program. In addition, we will also prepare all financial and business reports required for your business loan.

PAYROLL PROCESSING

We can take responsibility for your employees’ payroll, leave, superannuation, Workcover, payroll tax and PAYG.