Hospitality & Restaurants

Hospitality & Restaurants

From fine dining to franchise operations, we serve up financial strategies that keep your margins healthy and your doors open.

Prime Cost Control

In hospitality, Prime Cost (COGS + Labor) is the metric that matters. We provide weekly reporting that helps you keep these costs in the sweet spot (typically under 60%).

We help you spot theft, waste, or inefficient scheduling immediately—not weeks later when the P&L comes out.

Restaurant kitchen

Tip Reporting & Compliance

The IRS looks closely at tip reporting. We ensure you are compliant with Tip Allocation rules and FICA Tip Credits (Form 8846).

Properly claiming the FICA Tip Credit can save restaurant owners thousands of dollars in payroll taxes every year—often enough to pay for our services.

Waitstaff serving customers

Why Choose Us?

We deliver value beyond just compliance. Here is how we help you succeed.

Benefit 1

Weekly Prime Cost Reports

Benefit 2

FICA Tip Credit (8846)

Benefit 3

Franchise Reporting

Benefit 4

Menu Pricing Analysis

Benefit 5

Inventory Controls

Benefit 6

Sales Tax Audit Defense

Our Process

A simple, transparent journey from start to finish.

1

POS Integration

Link your Point of Sale directly to accounting for daily sales data.

2

Weekly Snapshot

Receive a 'flash report' every Monday covering labor vs. sales.

3

Period Close

Monthly deep-dive into P&L to make menu or staffing adjustments.

Common Questions

Everything you need to know about our service.

What is the FICA Tip Credit?
It is a specialized tax credit that returns part of the Social Security and Medicare taxes you pay on employee tips back to you.
How do you handle 3rd party delivery apps?
UberEats and DoorDash complicate sales tax and commissions. We reconcile these settlements to ensure you aren't overpaying tax.
Can you help with menu engineering?
We provide the cost data you need to identify your most (and least) profitable dishes.
Do I need to track waste?
Absolutely. Tracking waste reduces food cost and validates deductions. We help you implement simple tracking systems.

Ready to Optimize Your Finances?

Join hundreds of satisfied clients who trust Sg fintax advisors LLC with their financial future.