Accounting for restaurants in London
Restaurants run on thin margins, daily sales across cash, card, and delivery apps, food and liquor inventory, and a mix of tipped and hourly staff. In London, taxifi handles it online: books current every day, filings on time, and a Canadian accountant reviewing and signing every file.
CRA EFILE authorized · Every file reviewed by an accountant · Switching is free — about an hour of your time
Restaurants in London, books handled
London, Ontario supports a broad base of professional practices, trades, and health businesses that benefit from current books and included year-end tax.
For restaurants specifically, taxifi covers the work below as part of one flat monthly price, with Ontario’s HST, WSIB, and Employer Health Tax handled inside the service:
- Daily sales reconciled across POS, card, and delivery apps
- Food and beverage inventory tracked
- Payroll for tipped and hourly staff
- HST returns prepared and filed
What we take off a London restaurant’s plate
Reconciling every payment channel
Cash, card, and delivery-app payouts rarely match your sales on their own. We reconcile Uber Eats, DoorDash, and SkipTheDishes to your POS so nothing is double-counted or missed.
Food and beverage inventory
Inventory and cost of goods are tracked so you can see real margin, not just what's left in the bank.
Tipped and hourly payroll
Tipped and hourly staff are handled with source deductions remitted to CRA on time and T4s ready at year-end.
Why London restaurants choose taxifi
London runs on anchors — healthcare, the university, insurance — and serves as the commercial hub for much of southwestern Ontario. It is a steady market rather than a speculative one, where businesses build on repeat customers and reputation, and where a surprise tax bill hurts precisely because everything else was predictable.
That context shapes the work: thin margins, daily cash, tip handling, and a payroll roster that never sits still is the normal state of a London restaurant's paperwork. taxifi absorbs it — daily AI bookkeeping, accountant-signed filings — so you know your food and labour costs weekly instead of discovering them at year-end.
Common questions
Is everything on my menu subject to HST?
Restaurant meals in Ontario are taxable — prepared food is not the same as groceries — and catering, delivery platforms, and packaged retail items can each have their own wrinkles. The safe structure is a point-of-sale configured correctly once, feeding books that are reconciled daily, so the HST return is an output instead of a quarterly research project.
Staff turnover is constant. What does that mean for my payroll?
Every departure needs a Record of Employment, every hire needs TD1s and correct setup, and everyone who worked even a week needs a T4 in February — turnover multiplies paperwork exactly where restaurant owners have the least spare time. taxifi runs the payroll cycle inside the flat monthly price, so a revolving roster stops being a compliance risk.
Is taxifi actually available in London, or just the biggest cities?
Fully available — taxifi is online-first, so a London clinic or contractor gets exactly the same daily bookkeeping, payroll, HST, and T2 service as a Toronto one, at the same kind of flat monthly price. No office visit exists to miss.
I already have a bookkeeper or accountant in London. How hard is switching?
The switch is free: we deal with your current provider directly, collect your file and history, and take over the monthly work. Any catch-up is scoped and priced before you commit. Your part is about an hour, and mid-year is fine.
Your London restaurant, books and taxes handled
One flat monthly price for incorporated Ontario businesses, quoted live on a short call.
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