Opening and operating restaurants, cafes, bars and coffee shops is becoming very popular. It seems they are appearing whenever retail shop closes. There are so many different cuisines and another reason why Melbourne is known as the food capital.
Operating a restaurant or cafe can be very challenging and there are so many issues to consider, eg: irregular and long trading hours; HR issues including staffing, payroll and pay rates; unpredictable and seasonal trade; compliance with GST and BAS obligations; upfront capital and start-up costs; lease details of premises; cash flow forecasts; value of the business; permits, liquor licence, food handling regulations.
At KPMC,we offer our restaurant and hospitality clients a range of tailored tax and accounting services including:
Start-Up Business Advice for Restaurants, Cafes, Bars and Bistros
Advice regarding the Purchase or Sale of your Restaurant, Café or Bar
Advice and Establishment of Your Business Structure
Business Registrations including ABN, TFN, GST, Work Cover etc.
Business Plans, Cash Flow Forecasts & Profit Projections
Accounting/Point Of Sale Software Selection and Training
Site Location and Advice Regarding your Retail Tenancy Lease
Preparation of Finance Applications & Bank Submissions
Preparation and Analysis of Financial Statements
Bookkeeping and Payroll Services
Costing of Menu and Bar Items
Tax Planning Strategies
Vehicle, Equipment and Shop Fit Out Finance
Monitoring and Controlling Labour costs
If you are a part of the hospitality industry or are considering buying a hospitality business, please call us on 0425 365 558 or email us email@example.com