Restaurants

Our small CPA provides the following tax deduction strategies to small restaurants in Portland, Oregon and Vancouver, WA area: 

1. Cost of Goods Sold (COGS)

   • Deduct the cost of food, beverages, and kitchen supplies used to prepare menu items.

2. Employee Wages & Payroll Taxes

   • Deduct wages, payroll taxes, employee benefits, and staff meals.

3. Rent & Utilities

   • Fully deduct rent, electricity, gas, water, internet, and waste removal expenses.

4. Equipment Purchases & Depreciation

   • Deduct the cost of kitchen equipment, furniture, and technology through Section 179 or regular depreciation.

5. Repairs & Maintenance

   • Deduct routine maintenance and minor repairs to kitchen equipment, furnishings, and facilities.

6. Marketing & Advertising

   • Deduct expenses for advertising, online promotions, printed menus, signage, and sponsorships.

7. Business Meals (50% deductible)

   • Deduct 50% of the cost of meals directly related to business discussions or client meetings.

8. Insurance Premiums

   • Deduct business insurance premiums such as property, liability, and workers’ compensation.

9. Professional Fees

   • Deduct accounting, bookkeeping, payroll, consulting, and legal service costs.

10. Vehicle Expenses

    • Deduct mileage or actual operating costs for business-related travel and deliveries.

11. Charitable Contributions

    • Deduct the value of food, supplies, or cash donated to qualified charitable organizations.

12. Qualified Business Income Deduction (QBID)

    • Eligible restaurant owners may deduct up to 20% of qualified business income, subject to income limits and other conditions.