Restaurant industry software

The number of restaurant industry software programs can be over-whelming but deciding on which ones to use can also be a crucial part of your success. We’ve summarized a hand full of software programs below that we’re seeing in the industry to provide you with a brief summary all in one place of what they …

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In-house vs. third party delivery

As third party delivery options have grown over the last few years, restaurant owners and operators may be contemplating the pros and cons between using in-house delivery and third party platforms. Here are key distinctions between the two as well as the largest pros and cons of each. Don’t miss: Don’t forget about the Employee …

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Don’t forget about the Employee Retention Credit

By now I am sure you have heard of and likely taken advantage of the PPP loan program that was rolled out in early 2020 as one of the many programs the government used to help keep the economy running and businesses open and operating. But did you also know of a lesser-known program called …

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Update on the 80/20 tip credit rule

If you own or operate a restaurant or bar with tipped employees and plan to claim the tip credit, you’ll want to get up to speed on the 80/20 tip credit rule. A high-level view of this rule is restaurant owners are not allowed to claim the tip credit for employee time spent on non-tip …

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Did you miss these blogs in 2021?

Last year brought us several great discussions on all kinds of topics relevant to your restaurant business, and we want to make sure you don’t miss these blogs . We have organized the blogs by date below so they are easily accessible if you would like to go back and revisit any of them: January …

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Get the new lease standard ebook

It probably seems like we have been talking about the new lease standard for a decade, which would be accurate. It is finally time to implement the Financial Accounting Standards Board’s (FASB) ASU 2016-02 Leases (Topic 842). Fair warning: The changes outlined in the new standard will be time consuming for many companies to conform …

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Five issues facing franchisors

Whether you have established franchise locations for your restaurant brand or are relatively new to franchises, there are various issues facing your relationship with your franchisees that you’ll need to address. Don’t miss: Should you outsource accounting? The answer is YES! Here are five key areas that you should always keep in mind: Site Selection …

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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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Impact of the SECURE Act’s long term part-time 401(k) rules for restaurants

Offering a retirement plan program to your employee’s is essential to your overall benefits program. For restaurants there are some unique issues that you face due to typical high turnover, younger age demographic, lower wages and part-time status. It was pretty standard to be able to exclude these employee’s if they worked less than one …

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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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