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Essential Tax & Financial Strategies for Bar Owners with Michael Jamison
Manage episode 456126369 series 3445410
Contenuto fornito da Chris Schneider, The Bar Business Coach, Chris Schneider, and The Bar Business Coach. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Chris Schneider, The Bar Business Coach, Chris Schneider, and The Bar Business Coach o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.
Struggling with the complexities of payroll and taxes? Discover how to turn tax compliance into a strategic advantage for your bar!
From payroll pitfalls to missed tax credits, bar owners face costly mistakes that can hurt their bottom line. Learn how to safeguard your finances and unlock new opportunities with expert tips tailored for the bar industry.
Discover how to:
- Master payroll compliance and avoid hefty penalties with professional services.
- Maximize tax credits, like the FICA tip credit, to significantly reduce your liabilities.
- Benefit from proper business structuring and financial record-keeping to boost profitability.
Tune in now to gain financial peace of mind and set your bar up for success with expert advice from Mike Jamison!
Learn More:
The Bar Business Podcast Website
Schedule a Strategy Session
Chris' Book 'How to Make Top-Shelf Profits in the Bar Business'
Bar Business Nation Facebook Group
Thank you to our show sponsors, SpotOn and Starfish. SpotOn's modern, cloud-based POS system allows bars to increase team productivity and provides the reporting you need to make smart financial decisions. Starfish works with your bookkeeping software using AI to help you make data-driven decisions and maximize your profits while giving you benchmarking data to understand how you compare to the industry at large.
**We are a SpotOn affiliate and earn commissions from the link above.
A podcast for bar, pub, tavern, nightclub, and restaurant owners, managers, and hospitality professionals, covering essential topics like bar inventory, marketing strategies, restaurant financials, and hospitality profits to help increase bar profits and overall success in the hospitality industry.
Capitoli
1. Tax Issues in the Bar Industry (00:00:00)
2. Cash Flow and Tax Compliance Risks (00:08:19)
3. Tax Strategies for Bar Industry (00:18:48)
4. Choosing a Qualified Tax Professional (00:23:52)
5. Financial Tips for Business Owners (00:33:31)
6. Maximizing FICA Credit With OnTarget (00:39:02)
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