Sharp Tax & Accounting Blog
Tags
- 1099 1
- Augusta Rule 1
- Benefits 1
- Bookkeeping 2
- Content Creators 2
- Credits 1
- Deductions 4
- Electronic 1
- Exemptions 1
- Federal Tax - Featured 2
- IRS Information Reporting 1
- Individual 2
- Law Firm 2
- Manufacturing 1
- Marketplace Facilitator 1
- Meals & Entertainment 1
- OBBBA 1
- Payroll 1
- Real Estate 3
- Refunds 1
- Restaurants 2
- Sales Tax 2
- Travel 1
- VDA 1
The FICA Tip Credit: A Valuable Tax Break for Restaurants
The FICA tip credit can provide a valuable tax benefit for restaurants with tipped employees. Learn how the credit works, which tips qualify, how mandatory gratuities are treated, and what restaurants should track to claim it correctly.
Prime Cost for Restaurants: What Owners Need to Know
Prime cost combines two of the biggest expenses in a restaurant: food and labor. Learn how to calculate prime cost, what percentage restaurants generally aim for, and how tracking it can help you spot rising costs and make better operating decisions.