Cash Bar Sales?

[herbieh]

Fellow bar owners, what’s your suggestion on how to handle cash sales and reconcile with IRS and TABC? Trying to find loopholes 😬😬😬

[Unique_Carpenter]

Well, the TABC can pull a list of purchases from your alcohol vendors, so they will know exactly how much you've bought/sold.
And by the way, the IRS knows that the TABC can do that.
BTW, you left out TxDeptRev for sales tax of 8.25% who daily work with TABC

Moved from coed

[herbieh]

Originally Posted by Unique_Carpenter

Well, the TABC can pull a list of purchases from your alcohol vendors, so they will know exactly how much you've bought/sold.
And by the way, the IRS knows that the TABC can do that.
BTW, you left out TxDeptRev for sales tax of 8.25% who daily work with TABC

Moved from coed

Finnnnnnneeeee....LOL

[Precious_b]

And if they suspect you doing something, all those wonderful agents will roll in, stop business, and inventory the whole joint.