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Re: restaurant commercial tax

Lighthouse24 — Sun, 13 Apr 2008 17:36:53 GMT

I'm not sure I know what you mean by "commercial tax." If you're asking how much the commercial tax credit is for a building that achieves a fifty percent annual energy cost reduction, it's $1.80 per square foot. If you asking how much sales tax is (which is called "commerce tax" in some parts of the world), it's 7.25 percent if you're in Simi Valley, Ventura County (all food and drink sales are taxable -- tips are not taxable if they are added in by the customer, but they are taxable if you add them bill yourself for large groups, for example).

Hope this helps. If you were asking about something else, please clarify.

Re: restaurant commercial tax

LUCKIEST — Sun, 13 Apr 2008 11:51:35 GMT

watermelon, Restaurant and taxes, Welcome to this web site.
Anybody going into business should have an Accountant, A Lawyer
and an Insurance Agent. If you are in escrow you have a Lawyer.
*YES *Many small business fail at the beginning since the business owner has no experience.
SCORE can help. SCORE is FREE.
Good luck, LUCKIEST

Re: restaurant commercial tax

watermelon — Sun, 13 Apr 2008 05:20:03 GMT

Thanks for your reply . My restaurant is located in SIMI valley . East Los Angeles ave. It will be a Japanese and Chinese restaurant .

Re: restaurant commercial tax

Lighthouse24 — Sun, 13 Apr 2008 05:09:50 GMT

Can you provide more information . . . type of restaurant and location (city and state)?

restaurant commercial tax

watermelon — Sun, 13 Apr 2008 05:01:56 GMT

Hello ,
My husband and I are going to buy a small restaurant soon . Actually, it is already go to escrow . We need more information about restaurant commercial tax , Many small business easy to fail at the beginning since the business owner has no experience . How much is the commerical tax ? Any information will be appreciate.