Ep 186: Accounting and Tax Mistakes that Restaurants Make

I enjoyed revisiting with Anne Gannon, Founder of The Largo Group, on a variety of quick tax and accounting tips for restaurants. We hit on...

• Typical accounting mistakes and oversights that restaurants make
• The importance of a weekly forecast look
• The key numbers that go into an effective weekly forecast
• The four big areas that restaurants need to pay attention to
• Getting depreciation right
• Getting your tax return to tell the whole accurate story of your restaurant
• Long term strategy tax planning to have a successful business exit
• Why breaking out the various parts of your restaurant's revenue is beneficial
• Why weekly accountability is the best recipe for success
• And more...

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Links: The Largo Group - https://www.thelargogroup.com

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