세무사가 알려주는 음식점(요식업) 창업 절차와 세금

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25 Dec 202209:45

Summary

TLDRKim Jong-seok, a tax accountant from Rodam Sae, discusses the intricacies of starting and managing a restaurant business in South Korea. He covers the initial steps, including site selection, lease agreements, and obtaining a business registration certificate. Kim also addresses tax considerations, emphasizing the importance of timely tax reporting and the difference between simplified and general taxation for businesses. He advises on setting up a business account for transactions and highlights the impact of VAT on revenue, suggesting that new restaurateurs should save a portion of their sales for tax obligations. The video is part of a series aimed at various business owners, offering insights into starting and operating different types of businesses in South Korea.

Takeaways

📍 The speaker is a tax accountant from Rodem Tax Corporation, providing guidance for small business owners, particularly in the food service industry, on how to start and manage their businesses effectively.
📝 When opening a food business, it's crucial to analyze potential locations, considering foot traffic, rent, and whether the building is new or requires inspection for permits.
🏢 After securing a location and necessary permits, such as a business license and lease agreement, business owners should register their business at the tax office to obtain a business registration certificate.
💳 With a business registration certificate, business owners should open a business bank account under the business name, which is beneficial for transactions and gaining customer trust.
🛠️ Setting up a POS (Point of Sale) system, including a card terminal and integration with delivery services, is essential for modern food businesses to handle most customer transactions, which are predominantly cashless.
💰 Business owners must be mindful of tax obligations from the start, including VAT (Value-Added Tax) filings and potential income tax, which can significantly affect profits if not managed properly.
🔢 VAT obligations differ based on the business type: general tax-paying businesses must file twice a year, while simplified tax-paying businesses have different, often lower, tax requirements.
📊 It is recommended to save around 3-4% of monthly sales for VAT payments if registered as a general tax-paying business to avoid cash flow issues during tax filing periods.
📈 The classification of a business as a general or simplified tax-paying business can impact the amount of VAT and other taxes payable, making it important to understand the criteria and benefits of each classification.
🧑‍💼 As businesses grow and hire employees, there are additional considerations such as registering for social insurance and regularly filing payroll taxes, which can add complexity to financial management.
🏢 When annual sales exceed 1 billion KRW (approximately $900,000), it may be advantageous for a sole proprietorship to convert to a corporation to optimize tax liabilities and potentially reduce overall taxes.

Q & A

What is the first step a self-employed individual should take when starting a food business?
-The first step is to explore the space, analyzing the area for customer traffic and rental costs, and considering the lease agreement and any necessary permits.
What is the significance of a business registration certificate for a food business?
-A business registration certificate is essential as it allows the business to operate legally. It is obtained after visiting the tax office with the lease agreement and business notification certificate.
How does the payment pattern of consumers affect the preparation for a food business?
-Consumers mostly prefer card payments and delivery services, so businesses need to prepare by setting up a merchant account and applying for card terminals and delivery service connections.
What is the importance of opening a business account for a food business?
-Opening a business account is recommended to handle transactions professionally. It is better to have an account with the business name for receiving payments and managing business finances.
What are the tax implications for a food business owner in terms of value-added tax (VAT)?
-Food business owners need to be aware of VAT obligations. Depending on the business size and location, they may need to report VAT semi-annually, with a significant portion of sales (3-4%) going towards VAT.
How does the tax status of a business, such as being a 'small-scale taxpayer' or a 'general taxpayer,' affect the VAT calculation?
-Small-scale taxpayers may have minimal or no VAT, while general taxpayers must save about 3-4% of their sales for VAT. This difference is crucial for cash flow management.
What is the recommendation for a food business owner regarding the tax status when starting their business?
-It is suggested to apply as a small-scale taxpayer initially to minimize VAT obligations and manage cash flow effectively, especially in the early stages of the business.
What are the considerations for a food business owner when hiring employees or part-time workers?
-Business owners must consider employee benefits such as insurance and salary reporting. They must register for the four major insurances and report salaries monthly to comply with tax regulations.
What is the potential advantage of converting a self-employed food business to a corporation?
-Converting to a corporation can be beneficial for businesses with annual sales exceeding 10 billion won, as it can help in managing the difference between personal and corporate tax rates and utilize tax deductions more effectively.
What advice does the speaker give for food business owners regarding tax savings and planning?
-The speaker advises food business owners to consider their tax status, plan for VAT savings, and consult with tax professionals for personalized advice, especially when dealing with different tax regulations and business growth.
Why is it important for food business owners to keep track of their monthly sales and expenses?
-Tracking monthly sales and expenses is crucial for tax planning and financial management. It helps in estimating VAT obligations and managing cash flow effectively, especially for general taxpayers.

Outlines

00:00

🍽️ Starting a Restaurant Business in South Korea

Kim Jong-seok, a tax accountant from Rodam Sae, introduces a series aimed at helping self-employed individuals in South Korea, particularly those starting a restaurant business. He discusses the initial steps of business preparation, including location scouting, analyzing foot traffic, and rent costs. He also covers the importance of lease agreements, obtaining business registration certificates, and setting up a business bank account. Kim emphasizes the need to prepare for tax obligations, such as value-added tax (VAT), and suggests that new business owners should be aware of the tax implications of their sales, especially the difference between simplified tax payers and regular tax payers.

05:00

💼 Tax Considerations and Business Operations

The second paragraph delves deeper into the tax considerations for restaurant owners, highlighting the difference between simplified tax payers, who have minimal VAT obligations, and regular tax payers, who must save a percentage of their sales for VAT. Kim explains the financial impact of VAT on monthly sales and the importance of setting aside funds for this tax. He also touches on the possibility of transitioning from a simplified tax payer to a regular tax payer based on business scale and provides advice on hiring employees, registering for social insurance, and the monthly reporting of wages. The paragraph concludes with a recommendation for business owners to consult with tax professionals and hints at future series covering a variety of industries and their specific tax and business registration requirements.

Mindmap

Keywords

💡Self-employed

Self-employed individuals are those who work for themselves rather than being employed by someone else. In the video, the speaker discusses the preparation and challenges faced by self-employed business owners, particularly those in the food service industry. The term is central to understanding the video's theme, which is focused on guiding new business owners through the process of starting and managing their own enterprises.

💡Business registration

Business registration is the process of officially recording a business with the government. It is a critical step for any new business owner, as it legitimizes their operation and allows them to conduct business legally. The script mentions that after obtaining a business registration certificate, one can start their business, highlighting its importance in the business establishment process.

💡Taxation

Taxation refers to the mandatory financial charge levied by a government on business transactions and income. The video script discusses various tax-related issues, such as value-added tax (VAT) and the difference in tax obligations between small-scale and large-scale businesses. Understanding taxation is crucial for self-employed individuals to ensure compliance and financial planning.

💡Value-added tax (VAT)

Value-added tax is a type of indirect tax that is levied on the value added to goods and services at each stage of production or distribution. The script explains that VAT is a significant portion of a business's revenue, especially for those classified as general taxpayers, and must be reported and paid to the government at regular intervals.

💡Simplified tax system (간이과세)

The simplified tax system is a tax regime designed for small businesses with lower sales volumes, reducing the administrative burden and tax obligations. The script mentions that many food service businesses can benefit from this system, as it allows them to pay less VAT or even none at all, depending on their location and sales.

💡General tax system (일반과세)

The general tax system applies to larger businesses with higher sales volumes and requires more detailed tax reporting and payment. The video script contrasts this system with the simplified tax system, noting that businesses under the general tax system must save a portion of their sales as VAT and report it twice a year.

💡Business location

The choice of business location is crucial for the success of a business, especially in the food service industry. The script emphasizes the importance of analyzing factors like customer flow and rental costs when selecting a location. The business location can impact the type of taxes a business is subject to, such as whether it falls under the simplified tax system or not.

💡Lease agreement

A lease agreement is a legal contract outlining the terms and conditions under which one party agrees to rent property from another. The script mentions that after finding a suitable location, a lease agreement is necessary before one can proceed with business registration and other legal processes.

💡Business account

A business account is a bank account specifically used for the financial transactions of a business. The video script advises setting up a business account with the business's name on it to facilitate transactions and maintain a professional appearance. This account is also used for tax-related financial activities.

💡Payment terminal

A payment terminal is a device that allows businesses to accept card payments from customers. The script discusses the importance of having a payment terminal, as most customers prefer to pay with cards rather than cash. This terminal is essential for modern businesses to accommodate customer preferences and streamline transactions.

💡Employee management

Employee management involves the recruitment, training, and administration of a business's workforce. The script touches on the need to manage employee-related responsibilities, such as registering employees for social insurance and reporting their wages for tax purposes. Proper employee management is crucial for maintaining legal compliance and ensuring the smooth operation of the business.

Highlights

Starting a food business involves analyzing the location for customer flow and rent.

Inspecting the space for suitability as a food establishment, including safety and utilities.

Applying for a business registration certificate at the tax office with a lease agreement and business notification certificate.

Opening a business account with the business name for official transactions.

Applying for a card terminal (POS) for card payments and integrating with delivery services.

Considering the impact of consumer payment patterns, which are mostly card-based.

The importance of timely tax reporting for self-employed individuals, especially for VAT.

VAT is a significant cost, typically 3-4% of sales, and should be set aside for tax payments.

The difference between 'simplified tax' and 'general tax' systems and their implications for VAT.

The potential for tax savings by choosing 'simplified tax' status for businesses in certain areas.

The transition from 'simplified tax' to 'general tax' status when annual sales exceed a certain threshold.

The possibility of recovering VAT paid during the 'simplified tax' period even after transitioning.

Hiring employees and the necessity of reporting payroll and ensuring social insurance coverage.

The importance of timely payroll and social insurance reporting to avoid penalties and tax issues.

Considering the conversion to a corporation for businesses with annual sales over 10 billion won for tax efficiency.

The potential for significant tax savings by utilizing the difference between personal and corporate tax rates.

Invitation for further inquiries and consultations for various types of businesses, not just food service.

The intention to create a series of guides for different industries regarding permits, business registration, and tax considerations.