Canadian Restaurant Tax Advisor
Blog URL http://cdnbartaxadvisor.wordpress.com/
Located Toronto, Ontario Canada
Tags sales tax, audits, restaurants, GST, PST, HST, Liquor, theft, income tax
A blog featuring tax information for Canadian restaurants and bars. The focus is on provincial and federal sales and income tax audits. Information is provided on methods of reducing or eliminating tax assessments from indirect audit methods.
Latest Blog Posts
- New Linked-in Group for Restaurateurs and Advisors on Nov 16, 2009 in Restaurant Operations Canadian Restaurateur Linked-in
A new Linked-in Group has been started to discuss issues of interest to Canadian restaurateurs and advisors. Here is a short description for the group: This is a group for discussing issues related to operating a restaurant or bar in Canada. It can...
- How to Get Caught Using Zappers on Nov 14, 2009 in Canada Revenue Agency GST HST Income taxes Ministry of Revenue PST Sales Tax Taxes Audits CRA POS RST tax evasion zappers
This post concerns the use of zappers in restaurant operations. It is not a “how to” guide in their “proper” use, nor is it, in any way, an endorsement of their use. In fact, if you are even thinking of employing a zapper...
- Restaurant Tax Fraud – Then and Now on Nov 14, 2009 in Canada Revenue Agency GST HST Income taxes Ministry of Revenue PST Sales Tax Taxes Audits CRA fraud Income tax POS Revenu Quebec RST tax evasion zappers
Recently, we’ve begun to hear a lot more about tax evasion in the restaurant industry. More specifically, we’re talking about technologically-assisted tax fraud, using zappers or phantom-ware. It made the news, again this past week, w...
- It’s Going to get a Whole Lot Worse! on Nov 10, 2009 in Canada Revenue Agency GST Ministry of Revenue PST Taxes Audits CRA Sales Tax tax evasion
I don’t want to scare you, but I feel it is my duty as a fellow restaurateur and as an accountant. After reading this headline, many of you will think this blog entry is going to be about the economy and how it will affect your restaurant bus...
- Zapper Update on Nov 9, 2009 in Canada Revenue Agency GST HST Income taxes PST Sales Tax Taxes Audits CRA zappers tax evasion POS
Today’s Toronto Star ran an article about restaurants hiding cash income. You can find it here: Restaurant probe finds $40M in ‘phantom’ sales. Until recently, most detective work surrounding the use of zappers had been focused...
- Auditproofing – Average Costs on Nov 6, 2009 in Canada Revenue Agency GST HST Income taxes Ministry of Revenue PST Sales Tax Taxes allowances Audits CRA Customer comps Income tax Liquor over-pouring RST Sales Mix
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 on Nov 5, 2009 in Canada Revenue Agency GST HST Income taxes Ministry of Revenue PST Sales Tax Taxes Audits Liquor menu pricing POS RST Sales Mix
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...
