Accounting for Toronto Restaurants & Food Service Businesses
The hospitality industry has some of the tightest margins in business. From food cost tracking to tip reporting, labour law compliance to HST, we help Toronto restaurants stay financially healthy.
Services for Hospitality & Food Businesses
- Monthly bookkeeping with food cost and labour cost tracking
- Tip reporting and allocation (CRA-compliant)
- Payroll for full-time, part-time, and seasonal staff
- HST on food sales — dine-in, takeout, catering
- Supplier invoice management and accounts payable
- Inventory and cost of goods sold tracking
- Corporate T2 tax return
HST Rules for Food Service in Ontario
HST rules for food are complex. Restaurant meals are taxable at 13%, but basic groceries are zero-rated. Catering, delivery, and combo meals each have their own rules. We ensure you're applying the right HST treatment to every sale.