Pizza Today - January 2018 - 42

BACK OFFICE

TAXES

S TOR Y DA N I EL P. SMITH

Playing Nice
with Uncle Sam
M ISTAKE NO. 3 : NEGL EC TI N G TO R EP O R T T I P S .

FOLLOWING THE TAX
CODE IS "NOT AS EASY
AS PULLING OUT YOUR
IPHONE AND GETTING
AN IMMEDIATE
ANSWER."
DAVID GA IR:
TAX ATTO RN E Y WITH DA LLA S -B A S E D GR AY R E E D

4 2 / P I Z Z AT O D AY. C O M / J A N UA R Y 2 0 1 8

Six common tax mistakes
that can threaten a pizzeria's
bottom line, if not its livelihood

F

or pizzeria owners,
the mere sight of
an envelope labeled
"Internal Revenue
Service" often
compels a spine-shivering
rush of anxiety. The IRS,
after all, is an entity business
owners generally wish to
avoid.
But taxes can be a tricky
beast.
While pizzeria owners
might star in the kitchen
or dining room, picking up
the nuances of the Internal
Revenue Code, which spans
hundreds of pages, remains
a complicated feat with
many small business owners
lacking the funds and time

to ensure airtight reporting.
Following the tax code is
"not as easy as pulling out
your iPhone and getting
an immediate answer,"
acknowledges David Gair, a
board certified tax attorney
with Dallas-based Gray
Reed.
And the consequences for
a misstep are considerable:
lost revenue; fines; potential
personal liability and, in
the most egregious of cases,
imprisonment.
* MISTAKE NO. 1: FAILING
TO PAY EMPLOYMENT TAXES.

When restaurants hit a
rough patch, perhaps due to
seasonality or an unexpected
P HOTO S JO SH K EO WN


http://www.PIZZATODAY.COM

Pizza Today - January 2018

Table of Contents for the Digital Edition of Pizza Today - January 2018

Pizza Today - January 2018
Commentary
Contents
Contributors
Expo Spotlight
Interact
Conversation
Man on the Street
Tony’s Trending Recipe
Tony’s Trending Recipe
At Your Service
Destinations
Knead to Know
Road to Pizza Expo
Red Wagon
Pizza Today on the Road: Red Wagon Pizza Co. Minneapolis, Mn
Product Showcase
Pizza Today Yellow Pages
The Marketplace
Reader’s Resource
Mike’s Monthy Tip
Pizza Today - January 2018 - CT1
Pizza Today - January 2018 - CT2
Pizza Today - January 2018 - Pizza Today - January 2018
Pizza Today - January 2018 - Cover2
Pizza Today - January 2018 - Commentary
Pizza Today - January 2018 - 4
Pizza Today - January 2018 - 5
Pizza Today - January 2018 - 6
Pizza Today - January 2018 - 7
Pizza Today - January 2018 - Contents
Pizza Today - January 2018 - 9
Pizza Today - January 2018 - Contributors
Pizza Today - January 2018 - 11
Pizza Today - January 2018 - Expo Spotlight
Pizza Today - January 2018 - 13
Pizza Today - January 2018 - Interact
Pizza Today - January 2018 - 15
Pizza Today - January 2018 - Conversation
Pizza Today - January 2018 - 17
Pizza Today - January 2018 - Man on the Street
Pizza Today - January 2018 - 19
Pizza Today - January 2018 - Tony’s Trending Recipe
Pizza Today - January 2018 - 21
Pizza Today - January 2018 - At Your Service
Pizza Today - January 2018 - 23
Pizza Today - January 2018 - Destinations
Pizza Today - January 2018 - 25
Pizza Today - January 2018 - Knead to Know
Pizza Today - January 2018 - 27
Pizza Today - January 2018 - 28
Pizza Today - January 2018 - 29
Pizza Today - January 2018 - 30
Pizza Today - January 2018 - 31
Pizza Today - January 2018 - 32
Pizza Today - January 2018 - 33
Pizza Today - January 2018 - 34
Pizza Today - January 2018 - 35
Pizza Today - January 2018 - 36
Pizza Today - January 2018 - 37
Pizza Today - January 2018 - 38
Pizza Today - January 2018 - 39
Pizza Today - January 2018 - 40
Pizza Today - January 2018 - 41
Pizza Today - January 2018 - 42
Pizza Today - January 2018 - 43
Pizza Today - January 2018 - Road to Pizza Expo
Pizza Today - January 2018 - 45
Pizza Today - January 2018 - 46
Pizza Today - January 2018 - 47
Pizza Today - January 2018 - Pizza Today on the Road: Red Wagon Pizza Co. Minneapolis, Mn
Pizza Today - January 2018 - 49
Pizza Today - January 2018 - 50
Pizza Today - January 2018 - 51
Pizza Today - January 2018 - 52
Pizza Today - January 2018 - Product Showcase
Pizza Today - January 2018 - 54
Pizza Today - January 2018 - 55
Pizza Today - January 2018 - Pizza Today Yellow Pages
Pizza Today - January 2018 - 57
Pizza Today - January 2018 - 58
Pizza Today - January 2018 - 59
Pizza Today - January 2018 - 60
Pizza Today - January 2018 - 61
Pizza Today - January 2018 - 62
Pizza Today - January 2018 - 63
Pizza Today - January 2018 - The Marketplace
Pizza Today - January 2018 - 65
Pizza Today - January 2018 - 66
Pizza Today - January 2018 - 67
Pizza Today - January 2018 - 68
Pizza Today - January 2018 - 69
Pizza Today - January 2018 - 70
Pizza Today - January 2018 - 71
Pizza Today - January 2018 - 72
Pizza Today - January 2018 - Reader’s Resource
Pizza Today - January 2018 - Mike’s Monthy Tip
Pizza Today - January 2018 - Cover3
Pizza Today - January 2018 - Cover4
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