Restaurants face unique tax challenges - from tip reporting to food cost tracking to sales tax compliance. Based in Downers Grove, IL and serving restaurant owners across all 50 states, we handle it all so you can focus on your kitchen, not your books.
Available for phone consultations
Expert CPAs who understand the restaurant industry.
Track food costs, labor, and revenue with industry-specific reporting
Navigate tip credits, reporting requirements, and payroll taxes without headaches
Stay compliant with state and local sales tax requirements
Maximize deductions unique to food service - from equipment to inventory
Comprehensive federal and Illinois state tax preparation designed for restaurants, including FICA tip credits, equipment depreciation, and food donation deductions.
Full payroll processing with proper tip allocation, tip credit calculations, and compliance with federal and Illinois tipped-employee wage laws.
Accurate and timely Illinois sales tax returns handling the complexities of dine-in, takeout, catering, and third-party delivery services.
Detailed tracking and analysis of food and beverage costs, waste reduction strategies, and menu pricing guidance to protect your margins.
Guidance on LLC, S-Corp, or partnership structures to minimize your tax burden and protect your personal assets from restaurant liabilities.
Monthly financial statements, cash flow analysis, and budget planning tailored to the seasonal rhythms of the restaurant business.
Schedule a free call to discuss your restaurant's financial needs and learn how our industry-specific expertise can help.
We review your POS reports, payroll records, vendor invoices, and current financials to understand your complete picture.
We build a tailored accounting and tax strategy designed to reduce your tax burden and improve your restaurant's profitability.
Regular check-ins, monthly reporting, and proactive tax planning to keep your restaurant financially healthy year-round.
Certified by the state of Illinois
Specialized knowledge of food service accounting
Bank-level encryption for your data
Trusted by restaurant owners nationwide
Verified by the Better Business Bureau
"Managing a restaurant's books is a nightmare. Amoudi simplified our payroll, tracked our food costs, and saved us $5,400 on our tax return. They actually understand the restaurant business."
The IRS requires employees to report all tips of $20 or more per month. As an employer, you must collect tip reports from employees, include reported tips in payroll for tax withholding, and file Form 8027 if you operate a large food or beverage establishment. Our team handles all of this for you, ensuring full compliance while maximizing your FICA tip credit.
Restaurant owners can deduct a wide range of expenses including food and beverage costs, employee wages and benefits, rent and utilities, kitchen equipment (often using Section 179 accelerated depreciation), marketing and advertising, insurance, licenses and permits, and even food donations to qualifying organizations. We ensure every eligible deduction is captured to minimize your tax liability.
Restaurants have unique accounting challenges that general CPAs may overlook, including tip credit calculations, complex sales tax rules for different service types, high-volume payroll with varied employee classifications, and tight margin management. A CPA with restaurant experience understands these nuances and can save you significant money while keeping you out of trouble with the IRS and Illinois Department of Revenue.
We provide detailed food cost analysis by tracking your cost of goods sold as a percentage of revenue, comparing it to industry benchmarks, and identifying trends over time. We help you set up inventory tracking systems, analyze vendor pricing, evaluate menu item profitability, and develop strategies to reduce waste. Most restaurant clients see measurable improvement in their food cost percentages within the first few months.
Schedule your free consultation today. No obligation, no pressure - just honest answers from a licensed CPA.
