What we track for restaurants
- Prime cost (food, beverage and labor) as a share of sales, every month
- Point-of-sale reconciliation, card processing fees and delivery-app payouts
- Inventory and cost of goods sold
- Weekly cash flow through slow seasons and tourist peaks
Tips and payroll, handled correctly
- Tip reporting and payroll that treats tips correctly
- In Oregon, employers must pay at least the full state minimum wage before tips; there's no tip credit against wages
- The federal FICA tip credit that many owners never claim
- Reporting tips on W-2s so your employees can use the new federal deduction for tips
- Paid Leave Oregon, transit taxes and quarterly filings
Tax planning for owners
Kitchen equipment and remodel timing, entity structure, owner pay and retirement plans. See our year-end deductions guide.