Industry Expertise

Crafted Business Solutions

Your recipe for restaurant and brewery success

Seasoned professionals to help you flourish.

Restaurant and brewery owners are passionate about what they do – and so are we. Whether you’re in start-up mode, operating an established business, looking to add another location or preparing to sell, our team is experienced in restaurant and brewery accounting and will help you navigate through financial and operational complexities that you face on a daily basis.

Our Clients Include

  • Full service restaurants
  • Franchise restaurants
  • Independent craft brewers
  • Brew pub owners
  • Distilleries

Meet Our Restaurant & Brewery Expert

“I’m passionate about helping restaurant and brewery clients navigate their financial challenges, providing them with the support they need to streamline their processes and grow their businesses with confidence.”

Learn More About Nick

Our Services

Boyum Barenscheer’s team of CPAs and consultants work collaboratively with our restaurant and brewery clients to address their operational, tax and accounting needs including:

Performance and Profitability
  • Margin analysis and benchmarking
  • Capital expenditure review
Strategy and Management
Tax Services
Compliance and Assurance
Accounting and Outsourced Services

Trade Associations

Our Restaurant & Brewery Specialists

Frequently Asked Questions

The IRS guidelines require you to report whatever you take home. Reporting all your credit card tips could be too high if you tip out like any good server does and all of your tips are received via credit card. As the employer, don’t pick a number for the employee – make sure they tell you what to report. As an employee, report what you received less any tip-outs.

The IRS has identified three main areas to consider – behavioral control, financial control and type of relationship. Each of these areas have multiple questions that need to be answered in order to correctly classify the individual. Visit our blog on “Classify with Care” for specifics.

The answer is yes! If an employee gets a free meal, the restaurant is required to pay use tax on the cost of all the taxable items involved in that meal. If the employee gets a discounted meal, simply charge tax on what the employee actually pays. If a restaurant offers promotions such as free appetizers, drinks or dessert on a birthday or special occasion, the restaurant must pay use tax on the cost of the taxable items (and liquor tax on drinks). This however does NOT apply if there is a requirement to purchase something else such as “buy one get one free” or a free kids meal with the purchase of adult entrée.

Get In Touch

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We’re here to make a difference to our clients by offering exceptional tax, audit, business advisory and outsourced services.

Contact Us
Info@myboyum.com

Home Office:
3050 Metro Drive, Suite 200
Bloomington, MN 55425

952-854-4244