Most restaurateurs know they lose the cost of the pilfered product, but few understand that they may be responsible for the sales and income taxes (plus penalties and interest) that would have been incurred had the stolen product been sold. Significant tax liabilities often arise from sales (and income) tax audits of restaurants and bars. [...]
Posts Tagged ‘Canadian Restaurateur’
Theft = More Taxes
Posted in Income taxes, Restaurant Operations, Sales Tax, Taxes, tagged Audits, Canadian Restaurateur, fraud, Restaurant Operations, Taxes, theft on January 30, 2011 | Leave a Comment »
New Linked-in Group for Restaurateurs and Advisors
Posted in Restaurant Operations, tagged Canadian Restaurateur, Linked-in, Restaurant Operations on November 16, 2009 | Leave a Comment »
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 also be used to ask for information or assistance from other members. [...]











