Does the restaurant labour daily wages (Kitchen Chef, Helper, Cleaner, Waiter,Cashier,Floor Manager etc) needs to be included in the TurnOver of the Restaurant.
Could someone highlight what are the expenses included in the turnover of the restaurant in a detailed manner, please.
Debate on Including Restaurant Staff Wages in Turnover for Tax: Expert Advice Needed for Clarity. A discussion in a forum centered on whether labor wages should be included in a restaurant's turnover for tax purposes. The original query asked if wages for various restaurant staff should be considered part of turnover. Responses clarified that turnover typically refers to the total value of goods or services sold and does not include expenses such as wages. Some contributors advised consulting a tax professional for detailed guidance. The discussion concluded with an offer from a participant to provide professional advice for a fee, with the original poster agreeing to send relevant documents for further assistance. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
