Category Archives: Taxes

Restaurants may legally organize in several different forms. Most people are familiar with the Limited Liability Company (LLC) and Corporation, which are all legal classifications. It’s commonly misunderstood that the legal classification is automatically the tax classification, but that’s not quite true. This blog will NOT address the ideal legal entity type for restaurants; you

The 2023 tax season is here! It looks less complicated that the last two years, but there are still plenty of advantageous strategies and incentives to implement. In collaboration with TouchBistro, our very own Raffi Yousefian, CPA presents The 2023 Guide to Filing Restaurant Taxes: Tips and Advice to break it all down. You’ll also

In the first few weeks of January, we get many questions about why we’re requesting W-9s for so many vendors. We hear a lot of “we don’t have any contractors, so we don’t need to file 1099s” but that’s not actually true. In this article, we explain who should receive a 1099, and why we

Restaurant accounting and tax specialists have navigated many operators through millions of dollars from COVID Relief, and helped many restaurants become cash-flow-positive even throughout the pandemic. When tax time comes around, working with a seasoned accounting team like the Fork CPAs helps keep the momentum, and ensures the filing process is as pain-free as possible.

While states are opening throughout the country, the current job market for restaurant owners has been challenging as potential employees are hesitant in the rapidly changing environment. Restaurants can benefit significantly from taking advantage of the Work Opportunity Tax Credit (WOTC) which encourages restaurants to expand their hiring pool. Eligibility for the WOTC The WOTC