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Nothing in our world stands still, so updating menu prices is as vital as deciding them for the first time. If you’re pricing your menu for the first time in 2025 or it’s simply time for a bit of an update, here’s how to go about it.
Serving too large of a portion can kill your bottom line, while serving too small can leave customers unsatisfied. So, how can you strike the balance between a healthy portion size for both your margins and your customers?
As experienced restaurant accountants who have seen many restaurants succeed… and many restaurants fail… take it from us: accurate restaurant bookkeeping is the key to a successful business.
Let’s get into a few of the most viable retirement options for restaurant owners, and which ones we recommend.
With QuickBooks Desktop subscriptions ending for new U.S. subscribers in July 2024, it’s a better time than ever to transition your bookkeeping from QuickBooks to Xero.
Should you open a restaurant in 2025? Unless you’re willing to commit to these things, we’re not so sure.
In 2025, our choice of top accounting software is Xero for restaurants. In fact, if you’re using QuickBooks Online for your restaurant or bar, you’re missing out on valuable insights that you just can’t get from this software.
In today’s post, we’re going to cover how to calculate the FICA Tip Credit in 2024 for your restaurant or bar, and give you a quick calculator to use to make it easy for you.
Wondering how the R&D Tax Credit for breweries works and how much money you can save?
These 7 brewery tax write-offs can save you tens of thousands of dollars each year.
Your gross profit margin tells you how well you’re doing at making and selling your main product. During inflation, it’s a key metric to look at!
You might’ve heard that there is a new law called the Corporate Transparency Act that all business owners are required to follow. Yes, restaurant & brewery owners, that means you!
As we step into 2024, inflation remains a top concern for restaurant owners across the country. Here are our tips for controlling your margins.
Pre-tax season is the perfect time to change accountants if you’re not happy with your current one.
Let’s chat about how to find that sweet spot between profitability and customer service, and a few tips for how to get your restaurant labor costs down.
Let’s walk through a few of the biggest restaurant fixed costs to watch out for, and a few strategies to keep them under control.
Here is our “best of list” for accounting firms that specialize in only restaurants and bars.
Factors like rising food prices and increasing labor costs have forced restaurant owners to reevaluate their pricing models. One noticeable change is the removal of the tip credit across key cities across America.
Here is your quick financial checklist for opening a restaurant: from financing, to menu testing, onto hiring your employees.
While it’s never uniform, the average profit margin for a restaurant is between 3% and 9%. Of course, this depends on various factors, including the type of restaurant.
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