Mustafa Posted November 28, 2017 Share Posted November 28, 2017 I have a restaurant. And I heard that it is possible legaly tax deductions. Can someone tell details how to do this? Link to comment Share on other sites More sharing options...
Mag Posted November 28, 2017 Share Posted November 28, 2017 As a restaurant owner, you can usually deduct the following costs that you incur to manage your business when filing a tax return with the tax office: - Food expenses, i.e., raw materials, prepacked/canned products, butter, sugar, spices - Drinks are bottled water, carbonated drinks, beer, wine, alcohol, milk, juice, etc. - Kitchen appliances, i.e., pots, pans, ovens, microwaves, toasters, mixers, dishwashers, plates, soaps, - Meals supplies, for example, plates, bowls, cups, dishes, paper products, hygienic wipes, table spices, -Employee wages, insurance, retirement accounts, medical leave, vacation allowance, and bonuses for cooks, servers, hosts, bartenders, dishwashers, and anyone who provides restaurant assistance. - Employee gifts up to $ 25 per person per year - The cost of renting the property you are undertaking to keep the location of your restaurant - Expenses on the property's maintenance, as utilities, cleaning services, main repairs, etc. - Equipment: tables, chairs, counters, cash registers, computers, lighting fixtures, window displays, restaurant decor, menus, stationery, and similar items - Depreciation of the property, which can be gradually subtracted in smaller quantities for several years - Payments for accounting, legal, commercial, and other professional service providers that you need to conduct your restaurant business effectively. - Property insurance, civil liability insurance, and other policies designed to protect your physical location (s), employees, and customers - Advertising and marketing costs include coupons, flyers, website, social media, Google AdWords, and other paid promotions promoting your restaurant. Link to comment Share on other sites More sharing options...
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