Liquor Blogs & Blog Posts
Blogs on liquor
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Latest Blog Posts on liquor
- Auditproofing – Average Costs by Canadian Restaurant Tax Advisor on Nov 6, 2009
So far, I’ve discussed the POS system and how to maintain it for accurate reporting, how to document your sales mix for all audit periods, and the importance of maintaining an accurate history of your menu prices. Taken together, these bookk...
- Auditproofing – Tracking Menu Changes by Canadian Restaurant Tax Advisor on Nov 5, 2009
As a restaurateur, you probably have a general idea how your menus and prices have changed over the last few years. Unfortunately, only having a “general idea” can land you in a big pot of trouble when your restaurant is audited. Th...
- Auditproofing – Know Your Mix by Canadian Restaurant Tax Advisor on Nov 5, 2009
This is the second post in the series on auditproofing your restaurant from an unfair audit. Most restaurants and bars with weak internal controls (almost all independent establishments), will be audited by the Canada Revenue Agency (CRA) or a prov...
- Auditproofing – POS Housecleaning by Canadian Restaurant Tax Advisor on Nov 4, 2009
Today’s posting is the first in a series of articles about “auditproofing” your restaurant. By this, I mean taking proactive steps to help ensure that your restaurant or bar is not unfairly reassessed for sales and income taxes w...
- Restaurant Audit Assumptions by Canadian Restaurant Tax Advisor on Oct 27, 2009
When the auditor arrives to audit your bar or restaurant, he or she will review your internal controls to ensure the accuracy and completeness of your recorded sales and the taxes thereon. If the documentation is not available to determine that app...
- How Much is Too Much? by Canadian Restaurant Tax Advisor on Oct 23, 2009
This post concerns customer comps or promotional drinks served by restaurants and bars. The issue is: how much is too much? Most restaurants and bars offer promotional drinks to their customers from time to time. Sometimes it is to acknowledge...
