{"id":16495,"date":"2023-01-05T13:36:30","date_gmt":"2023-01-05T19:36:30","guid":{"rendered":"https:\/\/www.partstown.com\/about-us\/?p=16495"},"modified":"2024-02-07T13:19:40","modified_gmt":"2024-02-07T19:19:40","slug":"tax-deductions-for-restaurant-owners","status":"publish","type":"post","link":"https:\/\/www.partstown.com\/about-us\/tax-deductions-for-restaurant-owners","title":{"rendered":"Money-Saving Tax Deductions for Restaurant Owners"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Like all entrepreneurs, restaurant owners are always looking for ways to make their businesses more profitable. Although increasing revenue with <\/span><a href=\"https:\/\/www.partstown.com\/about-us\/additional-restaurant-revenue-streams\"><span style=\"font-weight: 400;\">additional income streams<\/span><\/a><span style=\"font-weight: 400;\"> is a good strategy, saving money through tax deductions can be very effective, too. If you need guidance, this article outlines money-saving tax deductions for restaurant owners that will improve your bottom line.<\/span><\/p>\n<h2><strong>Cost of Goods Sold\u00a0<\/strong><\/h2>\n<p><em><span style=\"font-weight: 400;\">Cost of goods sold (COGS)<\/span><\/em><span style=\"font-weight: 400;\"> refers to expenses that are directly related to making the main product a business sells. These expenses are necessary to a business\u2019 operations, so they\u2019re fully tax-deductible the year in which they\u2019re incurred, such as:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Food &#8211;<\/strong><span style=\"font-weight: 400;\"> The main purpose of a restaurant is to sell food, so the cost of ingredients is deductible as COGS. These prices can change greatly over time, so be sure to keep accurate records to justify your tax deductions in the case of an IRS audit.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Smallwares &#8211;<\/strong> <span style=\"font-weight: 400;\">Since things like cookware, flatware and <\/span><a href=\"https:\/\/www.partstown.com\/disposable-catering-supplies\/parts\"><span style=\"font-weight: 400;\">catering supplies<\/span><\/a><span style=\"font-weight: 400;\"> are directly related to making and serving food, the purchase price is tax-deductible. Small kitchen gadgets like can openers, kitchen timers and food scales are in this category, too.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Small Appliances &#8211;<\/strong><span style=\"font-weight: 400;\"> The IRS considers small appliances that cost under $500, such as some <\/span><a href=\"https:\/\/www.partstown.com\/commercial-microwave-ovens\/parts\"><span style=\"font-weight: 400;\">commercial microwave ovens<\/span><\/a><span style=\"font-weight: 400;\">, to be smallwares. The cost of small appliances is like any other COGS expense, so you can deduct the full price in the same year in which the purchase is made.\u00a0<\/span><\/li>\n<\/ul>\n<h2><strong>Operating Expenses<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Although the costs of goods sold are directly related to producing a business\u2019 main product, <\/span><a href=\"https:\/\/www.klipfolio.com\/resources\/kpi-examples\/financial\/cost-of-goods-sold-vs-operating-expenses\"><span style=\"font-weight: 400;\"><em>operating expenses (OPEX)<\/em><\/span><\/a><span style=\"font-weight: 400;\"> are daily expenses that contribute indirectly. Operating expenses, which usually make up the majority of a business\u2019 expenses, include:<\/span><\/p>\n<h3><em><span style=\"font-weight: 400;\">Labor Costs<\/span><\/em><\/h3>\n<p><span style=\"font-weight: 400;\">Labor is one of a small business\u2019 greatest expenses, if not its biggest. If you\u2019re a restaurant owner who\u2019s looking to offset these costs, remember that you can deduct:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Salaries &amp; Wages &#8211;<\/strong><span style=\"font-weight: 400;\"> Chefs, servers, and other staff members are absolutely essential to a restaurant\u2019s normal operations, so their wages, salaries and bonuses are expensable.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Employee Benefits &#8211;<\/strong> <span style=\"font-weight: 400;\">If you pay a portion of your employees\u2019 health insurance premiums or offer 401(k) matching, these expenses are tax-deductible.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Uniforms &amp; Foodservice Apparel &#8211;<\/strong><span style=\"font-weight: 400;\"> If you provide your employees with <\/span><a href=\"https:\/\/www.partstown.com\/foodservice-apparel-uniforms\"><span style=\"font-weight: 400;\">uniforms<\/span><\/a><span style=\"font-weight: 400;\">, aprons or other apparel needed for them to do their job, the clothing can be expensed.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Half of Self-Employment Tax &#8211;<\/strong><span style=\"font-weight: 400;\"> According to TurboTax.Intuit.com, self-employed people must pay <\/span><a href=\"https:\/\/turbotax.intuit.com\/tax-tips\/self-employment-taxes\/the-self-employment-tax\/L8xXjolB4\"><span style=\"font-weight: 400;\">Self-Employment Contributions Act (SECA) tax<\/span><\/a><span style=\"font-weight: 400;\">, a combination of both the employer and employee FICA taxes for social security and medicare. Thankfully, the IRS allows business owners to write off 50% of this self-employment tax.<\/span><\/li>\n<\/ul>\n<h3><em><span style=\"font-weight: 400;\">Property Overhead<\/span><\/em><\/h3>\n<p><span style=\"font-weight: 400;\">Expenses related to the business space itself can really add up over time. Whether you own the property or lease it, tax deductions for restaurant owners cover both fixed and variable ongoing expenses, such as:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Monthly Rent or Mortgage &#8211;<\/strong><span style=\"font-weight: 400;\"> This is a recurring fixed overhead cost, so the IRS allows you to deduct the entire amount the year in which it\u2019s paid. For lease deposits and mortgage down payments, refer to the tangible assets section of this article.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Leased Kitchen Equipment &#8211;<\/strong><span style=\"font-weight: 400;\"> One of the biggest <\/span><a href=\"https:\/\/www.partstown.com\/about-us\/how-much-does-it-cost-to-start-a-small-restaurant\"><span style=\"font-weight: 400;\">costs of starting a restaurant<\/span><\/a><span style=\"font-weight: 400;\"> is kitchen equipment, so many entrepreneurs opt to lease rather than buy. Thankfully, the lease payments are deductible<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Utilities &#8211;<\/strong> <span style=\"font-weight: 400;\">Gas, water and electricity are all variable overhead costs that can be expensed. These costs can vary greatly throughout the year, so keep good records.<\/span><\/li>\n<li><strong>Property Tax &#8211;<\/strong> <span style=\"font-weight: 400;\">If you own the space, writing off the property taxes can significantly reduce your taxable income. <\/span><\/li>\n<\/ul>\n<div id=\"attachment_16504\" style=\"width: 695px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-16504\" class=\"size-full wp-image-16504\" src=\"https:\/\/www.partstown.com\/about-us\/wp-content\/uploads\/2023\/01\/Tax-Deductions-for-Restaurant-Owners-Kitchen-Equipment.jpg\" alt=\"Tax Deductions for Restaurant Owners - Kitchen Equipment\" width=\"685\" height=\"452\" \/><p id=\"caption-attachment-16504\" class=\"wp-caption-text\">The cost of kitchen equipment can be deducted through the process of depreciation, gradually writing off expenses over the course of multiple years.<\/p><\/div>\n<h3><em><span style=\"font-weight: 400;\">Repairs &amp; Maintenance<\/span><\/em><\/h3>\n<p><span style=\"font-weight: 400;\">Because restaurants are usually high-volume businesses, the equipment and facilities require proper maintenance. If you\u2019re a restaurant owner, you\u2019ll be happy to hear that you can expense:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Replacement Parts &#8211;<\/strong> <span style=\"font-weight: 400;\">Does your <\/span><a href=\"https:\/\/www.partstown.com\/reach-in-refrigerator-parts\"><span style=\"font-weight: 400;\">reach-in refrigerator<\/span><\/a><span style=\"font-weight: 400;\"> need a new gasket? Is your fryer\u2019s thermostat not working properly? If you need to purchase replacement parts, be sure to deduct the cost at the end of the year.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Service Appointments &#8211;<\/strong> <span style=\"font-weight: 400;\">Calling a plumber to fix a leaky faucet or an authorized technician to repair a broken oven can be expensive. Fortunately, these costs can be used as tax write-offs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Facility Maintenance &#8211;<\/strong> <span style=\"font-weight: 400;\">Do the walls need paint? Luckily, you can deduct the entire cost in one year. However, if you make significant changes that increase the value of your business, such as remodeling the interior, the costs are expensed differently.<\/span><\/li>\n<\/ul>\n<h3><em><span style=\"font-weight: 400;\">Automobile Expenses<\/span><\/em><\/h3>\n<p><span style=\"font-weight: 400;\">From attending business meetings to making supply runs, running a foodservice establishment can put a lot of miles on your car. Fortunately, many automobile-related expenses can be used as tax deductions for restaurant owners, such as:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Vehicle Leases &#8211;<\/strong> <span style=\"font-weight: 400;\">Monthly vehicle lease payments are fully deductible in one year. However, if you use a vehicle for both personal and business purposes, only a portion of the payment is expensable.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Vehicle Mileage &#8211;<\/strong> <span style=\"font-weight: 400;\">You can either keep track of the <\/span><em><span style=\"font-weight: 400;\">actual expenses <\/span><\/em><span style=\"font-weight: 400;\">if you want to be exact, or you can use the <\/span><em><span style=\"font-weight: 400;\">standard mileage deduction<\/span><\/em><span style=\"font-weight: 400;\"> to estimate the cost of operating the vehicle. This changes every year, so be sure to check the IRS website for the current <\/span><a href=\"https:\/\/www.irs.gov\/tax-professionals\/standard-mileage-rates\"><span style=\"font-weight: 400;\">standard mileage deduction rate<\/span><\/a><span style=\"font-weight: 400;\">. Unfortunately, commuting costs aren\u2019t deductible at all.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Employee Mileage Reimbursement &#8211;<\/strong><span style=\"font-weight: 400;\"> According to a BusinessNewsDaily.com article on <\/span><a href=\"https:\/\/www.businessnewsdaily.com\/15891-mileage-reimbursement-laws-policies.html\"><span style=\"font-weight: 400;\">mileage reimbursement laws<\/span><\/a><span style=\"font-weight: 400;\">, mileage reimbursement given to employees who make deliveries is tax-deductible for the employer.\u00a0<\/span><\/li>\n<\/ul>\n<h3><em><span style=\"font-weight: 400;\">Professional Services<\/span><\/em><\/h3>\n<p><span style=\"font-weight: 400;\">All small businesses need the help of lawyers, accountants and other professionals, so the IRS allows restaurant owners to deduct the cost of:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Accountants &#8211;<\/strong> <span style=\"font-weight: 400;\">Hiring an accountant for your restaurant can help you not only manage your budget but also find tax deductions. Interestingly, the fees you pay to help find tax write-offs can be used to reduce your taxable income.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Lawyers &#8211;<\/strong> <span style=\"font-weight: 400;\">From filing LLC paperwork to negotiating business contracts, lawyers can be very helpful to small businesses. If the idea of hefty legal fees intimidates you, just remember that they\u2019re tax-deductible.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Consultants &#8211;<\/strong><span style=\"font-weight: 400;\"> Do you want to expand your business by <\/span><a href=\"https:\/\/www.partstown.com\/about-us\/how-to-start-food-truck\"><span style=\"font-weight: 400;\">starting a food truck<\/span><\/a><span style=\"font-weight: 400;\">? Need advice on how to expand into catering? If so, you might hire a consultant to help you, so don\u2019t forget to write off consulting fees.<\/span><\/li>\n<\/ul>\n<h3><em><span style=\"font-weight: 400;\">Marketing &amp; Advertising<\/span><\/em><\/h3>\n<p><span style=\"font-weight: 400;\">Competition among restaurants is fierce, so a good marketing and advertising strategy is key if you want to be successful. Promoting your restaurant or cafe can be expensive, so when tax season comes, don\u2019t forget to deduct:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Website Maintenance &#8211;<\/strong><span style=\"font-weight: 400;\"> From domain registration to site hosting, websites have a lot of ongoing expenses: that\u2019s why the IRS allows you to deduct these immediate expenses in the same year they\u2019re incurred.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Google &amp; Social Media Ads &#8211;<\/strong><span style=\"font-weight: 400;\"> If you run any <\/span><a href=\"https:\/\/www.partstown.com\/about-us\/targeting-google-ads-for-restaurants\"><span style=\"font-weight: 400;\">Google ads for your restaurant<\/span><\/a><span style=\"font-weight: 400;\">, don\u2019t forget to keep track of these costs so you can reduce your taxable income. Paid ads on Facebook, Instagram or other social networks are deductible as well.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Traditional Advertising &#8211;<\/strong><span style=\"font-weight: 400;\"> The cost of traditional forms of marketing such as mail flyers and newspaper ads can be written off, too.\u00a0<\/span><\/li>\n<\/ul>\n<div id=\"attachment_16502\" style=\"width: 684px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-16502\" class=\"size-full wp-image-16502\" src=\"https:\/\/www.partstown.com\/about-us\/wp-content\/uploads\/2023\/01\/Tax-Deductions-for-Restaurant-Owners-Vehicle.jpg\" alt=\"Tax Deductions for Restaurant Owners - Vehicle\" width=\"674\" height=\"450\" \/><p id=\"caption-attachment-16502\" class=\"wp-caption-text\">Vehicle expenses are tax-deductible for restaurant owners.<\/p><\/div>\n<h2><strong>Tangible Assets<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Starting or expanding a restaurant requires <\/span><i><span style=\"font-weight: 400;\">assets<\/span><\/i><span style=\"font-weight: 400;\"> that have a useful life of more than 1 year, the cost of which the IRS considers to be <\/span><em><span style=\"font-weight: 400;\">capital expenditures (CAPEX)<\/span><\/em><span style=\"font-weight: 400;\">. In order to deduct the cost of <\/span><em><span style=\"font-weight: 400;\">tangible assets<\/span><\/em><span style=\"font-weight: 400;\"> that physically exist, you must use <\/span><em><a href=\"https:\/\/www.irs.gov\/taxtopics\/tc704\"><span style=\"font-weight: 400;\">depreciation<\/span><\/a><\/em><span style=\"font-weight: 400;\">, the process of gradually writing off costs over multiple years, for things like:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Kitchen Equipment &#8211;<\/strong><span style=\"font-weight: 400;\"> While lease payments can be deducted in one year, the purchase price of ranges, freezers and other units must be expensed over multiple years. However, remember that anything under $500 is considered a type of COGS, so the full cost can be deducted in one year.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Furniture &#8211;<\/strong> <span style=\"font-weight: 400;\">Dining room tables, chairs and booths are needed in almost every restaurant. Since furniture is intended for long-term use, the purchase price should be written off over time.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Vehicle Purchases &#8211;<\/strong> <span style=\"font-weight: 400;\">Thankfully, you can deduct the price of a company car or van. If you use a vehicle for both business and personal needs, you can <\/span><a href=\"https:\/\/www.patriotsoftware.com\/blog\/accounting\/business-use-vehicle\/\"><span style=\"font-weight: 400;\">depreciate part of the price<\/span><\/a><span style=\"font-weight: 400;\"> as long as you use the car for business more than 50% of the time.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Down Payments &#8211;<\/strong><span style=\"font-weight: 400;\"> Did you buy the restaurant space by making an initial payment and then taking out a mortgage? If so, the down payment\u2013like a rent deposit\u2013should be depreciated over the course of multiple years.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Additions and Remodeling &#8211;<\/strong> <span style=\"font-weight: 400;\">Things like eye-catching signage to bring in customers and renovations to <\/span><a href=\"https:\/\/www.partstown.com\/about-us\/how-to-make-restaurants-more-accessible\"><span style=\"font-weight: 400;\">make your restaurant more accessible<\/span><\/a><span style=\"font-weight: 400;\"> improve your business\u2019 ability to generate revenue, so the IRS sees them as depreciable capital expenses.<\/span><\/li>\n<\/ul>\n<h2><strong>Intangible Assets<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Restaurants also have a lot of <\/span><em><span style=\"font-weight: 400;\">intangible<\/span><span style=\"font-weight: 400;\"> assets<\/span><\/em><span style=\"font-weight: 400;\"> that don\u2019t physically exist. Like physical assets, the IRS considers intangible assets to be capital expenses, so you can write off the cost through <\/span><em><a href=\"https:\/\/www.investopedia.com\/terms\/a\/amortization.asp\"><span style=\"font-weight: 400;\">amortization<\/span><\/a><\/em><span style=\"font-weight: 400;\">, the process of expensing intangible assets over time. Examples include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Website Setup &#8211;<\/strong> <a href=\"https:\/\/www.partstown.com\/about-us\/how-to-create-a-website-for-your-restaurant\"><span style=\"font-weight: 400;\">Creating a website for your restaurant<\/span><\/a><span style=\"font-weight: 400;\"> is essential for success. Since a website will contribute to your business for years to come, the IRS sees the price of building it as a capital expenditure that should be amortized.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Organization Costs &#8211;<\/strong> <span style=\"font-weight: 400;\">Startup paperwork, along with associated legal fees, can be amortized. However, in some cases the IRS allows a <\/span><a href=\"https:\/\/www.oldnational.com\/resources\/insights\/your-guide-to-the-startup-costs-deduction\/\"><span style=\"font-weight: 400;\">startup organizational costs deduction<\/span><\/a><span style=\"font-weight: 400;\"> of up to $5,000 in the first year.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Registered Trademarks &#8211;<\/strong> <span style=\"font-weight: 400;\">Since trademarks provide value over time, the cost of registering a trademark is seen as a capital expenditure. So, it must be expensed over multiple years.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Licenses &amp; Permits &#8211;<\/strong> <span style=\"font-weight: 400;\">Do you have a <\/span><a href=\"https:\/\/www.partstown.com\/about-us\/how-to-get-a-restaurant-liquor-license\"><span style=\"font-weight: 400;\">restaurant liquor license<\/span><\/a><span style=\"font-weight: 400;\">? What about a live entertainment license? The benefit of these intangible assets will extend far beyond the year in which they\u2019re purchased, so the cost should be amortized.<\/span><\/li>\n<\/ul>\n<h2><strong>Other Business Deductions<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Although there are many tax deductions for restaurant owners related to the cost of goods sold, overhead costs and professional fees, the IRS allows a number of other write-offs, such as:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Business Insurance &#8211;<\/strong><span style=\"font-weight: 400;\"> Like health insurance, your property and liability insurance premiums are seen as operating expenses that can be fully deducted in one year.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Net Operating Loss (NOL) Carryforward &#8211;<\/strong><span style=\"font-weight: 400;\"> A <\/span><a href=\"https:\/\/www.investopedia.com\/terms\/n\/netoperatingloss.asp\"><span style=\"font-weight: 400;\">net operating loss (NOL)<\/span><\/a><span style=\"font-weight: 400;\"> occurs if your deductions are greater than your taxable income for a given year. When this happens, the IRS allows you to \u201ccarry forward\u201d the deductions that exceed taxable income into the following year so you can reduce your taxable income even more.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Work Opportunity Tax Credit (WOTC) &#8211;<\/strong><span style=\"font-weight: 400;\"> Although not technically a tax deduction that lowers your taxable income but rather a <\/span><em><span style=\"font-weight: 400;\">tax credit<\/span><\/em><span style=\"font-weight: 400;\"> that reduces the total tax paid, the <\/span><a href=\"https:\/\/fitsmallbusiness.com\/what-is-work-opportunity-tax-credit\/\"><span style=\"font-weight: 400;\">Work Opportunity Tax Credit<\/span><\/a><span style=\"font-weight: 400;\"> can be used by businesses that hire people who normally have difficulty finding employment, such as veterans, felons and food stamp recipients.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Qualified Business Income (QBI) &#8211;<\/strong> <span style=\"font-weight: 400;\">If you have an LLC or other pass-through entity and your total taxable income is under a certain limit, you may qualify for the <\/span><a href=\"https:\/\/www.nerdwallet.com\/article\/taxes\/qualified-business-income-deduction\"><span style=\"font-weight: 400;\">Qualified Business Income (QBI) deduction<\/span><\/a><span style=\"font-weight: 400;\">, a 20% reduction in your taxable income. The 2023 limits are $182,100 for single filers or $364,200 for joint filers, and in 2024 the limits increase to $182,100 for single filers and $364,200 for joint filers.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Charitable Donations &#8211;<\/strong><span style=\"font-weight: 400;\"> The government recognizes the importance of giving back, so it allows <\/span><a href=\"https:\/\/www.forbes.com\/sites\/forbesfinancecouncil\/2023\/08\/22\/charitable-donation-tax-considerations-for-business-owners\/?sh=7c8bbbc35fb9\"><span style=\"font-weight: 400;\">charitable donations by business owners<\/span><\/a><span style=\"font-weight: 400;\"> to be tax-deductible: just remember that political donations don\u2019t count.<\/span><\/li>\n<\/ul>\n<p><strong><i>NOTE:<\/i><\/strong><em><span style=\"font-weight: 400;\"> Be sure to consult a tax professional regarding your business\u2019 taxes.<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Like all entrepreneurs, restaurant owners are always looking for ways to make their businesses more profitable. Although increasing revenue with additional income streams is a good strategy, saving money through tax deductions can be very effective, too. If you need guidance, this article outlines money-saving tax deductions for restaurant owners that will improve your bottom [&hellip;]<\/p>\n","protected":false},"author":558,"featured_media":16503,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[10,15],"tags":[1342,184,214,1343],"class_list":["post-16495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-foodservice-tips","category-restaurants","tag-entrepreneurship","tag-independent-restaurants","tag-restaurant","tag-restaurant-business","wpautop"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Money-Saving Tax Deductions for Restaurant Owners - Parts Town<\/title>\n<meta name=\"description\" content=\"Tax deductions for restaurant owners can help 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