There are so many things that restaurant owners have to worry about and keep track of. Here are three tools that can help you save time and increase efficiency -- so you can spend less time in the back office and more time growing your business.
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We know there are hundreds of things you need to understand in your business. Whether you are filing taxes, getting set up to automate your state sales tax, applying for business licenses, or adding employees - you might need to track down your state Tax ID and we are here to help!
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It is tax time, and we know how that goes for a lot of folks. Here are a few apps and services to help you automate and systematize parts of your business to make next year’s tax season much easier.
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Your EIN is your Federal Employer ID Number. Think of it as your business's Social Security Number. Here is what you need it for, how to apply for it, and how to find it.
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Are you trying to put the right price in your POS so your sales tax is calculated correctly and you get the price you want? Our simple sales tax decalculator can help.
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When I opened my first restaurant, a wise friend said to me “It’s not how much you make, it’s how much you keep. If it doesn’t contribute to your bottom line, you have two choices: ditch it or do it as efficiently as possible." Sales tax falls into the “do it as efficiently as possible” bucket. Mismanagement of sales tax can be disastrous to your bottom line.
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Whether you are a new DAVO customer or just need to update your state sales tax profile credentials, this video will show you how and where to update this information in DAVO.
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Should bars still include sales tax in the price of their drinks or are they actually subsidizing part of the drink for all of their customers and giving up revenue?
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As a restaurant owner during COVID-19, you are probably relying heavily on 3rd party apps (3PAs) such as Grubhub, DoorDash, and Uber Eats. With delivery likely being the vast bulk or possibly only revenue stream available to you, it’s vitally important that you understand who is responsible for collecting and remitting sales tax through these 3rd party orders.
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In these unprecedented times, it’s a real possibility that many small-to-medium-sized businesses will, despite every effort, be forced to close their business and declare bankruptcy. If these businesses had used the sales tax collected prior to closing their doors to sustain their business for a time, what will happen to that debt?
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