Rest assured, today’s post is not about tax evasion. But, it does have a very important implications. If your food recipes use any alcohol, it’s important to account for it properly. Proper Accounting Your food cost of sales should include all of the costs that are incurred in preparing the food menu items. Sometimes, restaurants forget to [...]
Posts Tagged ‘RST’
Cooking the Books
Posted in Accounting, Alcohol Costs, Cost Control, Food Costs, Sales Taxes, tagged Accounting, Food Costs, Liquor Costs, RST, Sales Taxes, Spoilage, Variance Analysis on February 15, 2010 | Leave a Comment »
How the HST Will Affect Your Prices & Margins
Posted in Alcohol Costs, Cost Control, Sales Taxes, tagged Beer, Cost Control, HST, Liquor, Pricing, RST, Taxes, Wine on February 7, 2010 | 1 Comment »
Recently, the Canadian Restaurant and Foodservices Association (CRFA) published three calculators to help restaurateurs determine the effect of the new HST, effective July 1, 2010, on their prices. The calculators cover wine, spirits and beer. I’ve included the links, below. Perhaps a short note is necessary to help you use them properly. They are set up for [...]
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