- Restaurant Industry Experts
Expert Tax & Bookkeeping for Restaurants in Toronto & North York
Running a restaurant in Toronto means managing tight margins, payroll challenges, HST compliance, and constant operational pressures. NRK Accounting supports restaurants, cafés, bars, quick-service operations, food trucks, and franchise owners with accurate bookkeeping, tax planning, and payroll solutions tailored to the food service industry.
We help automate your financial processes, maintain clean records, and stay fully compliant with CRA — so you can focus on growing your business.
Complete Restaurant Accounting & Tax Services
We provide full-cycle accounting including:
Monthly Bookkeeping
Accurate financial records with reconciliation, expense tracking, and back-office support.
Payroll for Restaurant Teams
Flexible payroll for servers, cooks, and hourly staff including tip reporting and vacation pay.
HST Filing & Compliance
Quarterly or annual HST filings with proper ITC claims on food purchases.
Corporate Tax Filing (T2)
Tax planning strategies to reduce liabilities and maximize allowable deductions.
Cash Flow Monitoring
Track profitability, cost of goods, and vendor payments for better financial control.
Support for CRA Letters, Reviews, and Audits
We handle all CRA correspondence so business continues without disruption.
Specialized Accounting for the Food Service Industry
We understand the tax and accounting complexities that restaurants face every day:
- Inventory ordering and spoilage costing
- Tip & gratuity payroll compliance
- Food vs. beverage tax treatment
- Temporary staff and high employee turnover
- Merchant fees and delivery app fees (UberEats, DoorDash)
Our systems are built for restaurant operations — not generic accounting.
Why Toronto Restaurants Choose NRK Accounting
- Restaurant-specific tax knowledge
- Transparent flat-fee pricing
- Bookkeeping and tax handled under one roof
- Real-time reporting to stay profitable
- Open 7 days a week — we match your business hours
- Dedicated restaurant accounting specialist as your main contact
We don’t just keep your books clean — we help you run a better business.
FAQ — Restaurant Accounting Toronto
Do restaurants need monthly bookkeeping?
Yes — regular bookkeeping ensures accurate margins, payroll compliance, and up-to-date HST filing.
Can you manage payroll including tips?
Absolutely. We handle gratuity reporting, source deductions, and CRA remittances.
Do you help restaurants during CRA audits?
Yes, from document organization to full representation, we manage the entire CRA review process.
How much do restaurant accounting services cost?
Pricing depends on the complexity and transaction volume. Contact us for a customized quote.
Get Stress-Free Restaurant Accounting — Year-Round
Whether you’re opening your first location or expanding your franchise, we support your growth.
Location
40 Wynford Drive, Suite 211 North York, Toronto
Phone
416-577-4301
info@nrkaccounting.com