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Certified Public Accountants (CPA)
All 50 United States
International Clients Welcome
Crypto & 1099-DA Specialists
English · Polish · Ukrainian
24-Hour Response Commitment
Business Returns (1120, 1065, 1120-S)
Corporate, partnership, and S-corporation returns for all entity types, filed accurately and on time.
Multi-State Filing
Returns spanning multiple states with proper nexus analysis, apportionment, and state-specific compliance.
Amended Returns (Form 1040-X)
Corrections to prior-year returns — recovering missed deductions, correcting errors, and filing amended state returns.
IRS Correspondence & Notices
We handle all IRS letters, notices, and inquiries on your behalf — professionally and promptly.
Prior Year & Late Returns
Unfiled returns for any prior year, including penalty abatement strategy and installment agreement guidance.
Why CPA Legacy Group
CPA-Led Professionals — licensed, credentialed, and fully accountable
24-Hour Response Guarantee — a real professional responds within one business day
Year-Round Availability — not just during tax season; we are here whenever you need us
All 50 United States — multi-state and federal compliance expertise
International Clients — foreign companies and individuals served with full expertise
Trilingual — English, Polish & Ukrainian — serving diverse clients and businesses
Ready to get started?
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Certified Public Accountants · Industry Expertise

🍽️ Restaurants & Hospitality

Specialized tax and accounting for restaurants, hotels, and hospitality businesses — delivered by Certified Public Accountants who understand your industry's specific challenges.

Schedule a Consultation ← All Industries
Overview

Understanding Your
Industry's Tax Landscape

The restaurant and hospitality industry operates on thin margins with significant labor costs, complex tip reporting requirements, and unique tax compliance obligations. A restaurant with $2M in revenue might operate on a 5–8% net margin — meaning tax optimization and accurate accounting directly impact viability. Our team understands the specific challenges of food service and hospitality businesses.

Talk to Our Team
7.65%
FICA credit rate on tips
28–35%
Target food cost %
5,000+
Returns filed
24h
Response guarantee
Related Services
Common Challenges

Tax & Financial Challenges
Restaurants & Hospitality Businesses Face

These are the issues we see most often — and the ones that cost the most when handled incorrectly. Click any item to read more.

FICA Tip Credit — Frequently Missed+
Restaurants with tipped employees can claim a credit for the employer's share of FICA taxes paid on tips exceeding federal minimum wage (Form 8846). This credit is frequently missed — for a restaurant with $500,000 in annual tips, the missed credit can exceed $38,000 per year. Many restaurant owners have never heard of it.
Payroll Complexity — Tipped vs. Non-Tipped Employees+
Restaurants must track tipped and non-tipped employees separately, ensure tip pools comply with FLSA requirements, and maintain documentation that tip income meets minimum wage obligations. Illinois has its own tip credit rules that differ from federal.
Cash Handling & Revenue Reporting+
Cash-intensive businesses face heightened IRS scrutiny. The IRS uses industry metrics — gross receipts per seat, food cost percentages, and tip income ratios — to identify under-reporting. Accurate point-of-sale reconciliation and cash handling procedures are essential.
Food & Beverage Cost Accounting+
Food cost should run 28–35% of revenue for most restaurants. Without accurate inventory tracking and COGS calculation, you cannot identify theft, spoilage, or over-portioning — all of which reduce profit and create phantom taxable income.
Leasehold Improvements & QIP Depreciation+
Restaurant build-outs involve significant leasehold improvements. Qualified improvement property (QIP) has a 15-year life and qualifies for bonus depreciation — but many restaurant owners miss this, depreciating improvements over 39 years instead. The difference is substantial.
Multi-Location Complexity+
Restaurant groups with multiple locations face consolidated financial reporting, shared staff allocation, and multi-state compliance if locations cross state lines. The accounting complexity grows significantly with each location.
How We Help

Our Services for
Restaurants & Hospitality

Every engagement is tailored to your specific situation. We build strategies that fit your industry, your numbers, and your goals — not generic advice applied to everyone.

FICA Tip Credit Calculation & Documentation
Annual Form 8846 preparation and multi-year amended return analysis for restaurants that have missed this credit.
Restaurant Payroll & Tip Reporting
Full-service payroll with proper tipped employee handling, tip pool compliance, and Form 8027 annual tip reporting.
Restaurant Bookkeeping & COGS Tracking
Point-of-sale reconciliation, food cost tracking, and monthly financial statements for restaurant management.
Leasehold Improvement & QIP Depreciation
Qualified improvement property analysis to maximize depreciation deductions on restaurant build-outs.
Restaurant Tax Return Preparation
Federal and state returns with all restaurant-specific forms including FICA tip credit.
Multi-Location Accounting & Compliance
Consolidated reporting and multi-entity tax compliance for restaurant groups.
Why CPA Legacy Group
Industry-specific expertise — not generic advice applied to your situation
CPA-Led professionals — licensed, credentialed, accountable to every client
24-hour response guarantee — every inquiry, every time, no exceptions
All 50 states — multi-state and federal compliance expertise
Year-round availability — not just during tax season
English, Polish & Ukrainian — trilingual professional service
Ready to get started?
Schedule a Free Consultation
01
Consultation

We discuss your specific situation, industry challenges, and goals — honestly, without pressure. No obligation.

02
Engagement

A clear written engagement letter with transparent pricing. A dedicated CPA assigned to your account.

03
Execution

We prepare your deliverables with open communication throughout. You review and approve before anything is filed.

04
Year-Round Support

We remain your trusted advisors after filing — for planning, IRS matters, and every financial decision in between.

Ready to Work with a CPA Who
Knows Restaurants & Hospitality?

Schedule a free consultation. We'll listen to your situation and tell you exactly how we can help. English, Polish, and Ukrainian available.

Schedule a Consultation ✉ Email Our Team

✓ 24-HOUR RESPONSE GUARANTEE

Ready to Build a Stronger
Financial Future?

Reach out by phone, form, or email — a real professional responds within 24 hours. No automated replies. No runarounds. Your success is our commitment.

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