Should you outsource accounting? The answer is YES!

I have always said to business owners, “If you wanted to be an accountant, you’d be an accountant.”  But more likely, you’re an entrepreneur. You’re a restaurant owner. Sure, you understand the bills need to be paid and the taxes need to get handled…but coordinating all of that may not be part of your core …

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Are you violating wage and hour laws?

Running a restaurant is complex and there are many different regulations that must be followed; including federal, state and local laws. When it comes to how to account for hours worked and pay to employees, it’s important to keep in mind wage and hour laws. Here are some of the more common wage and hour …

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New VIE guidance impacting private companies

Over the past seven years, the guidance for variable interest entities (VIEs) has evolved due to collaboration between the Financial Accounting Standards Board (FASB) and the Private Company Council (PCC). The list below depicts the evolution of VIE guidance through FASB ASU No. 2014-07 and most recently FASB ASU No. 2018-17. Prior to FASB ASU …

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