Finance to Table Education for Operating Your Restaurant

4 Tips to maximize your restaurant group’s value

The mergers and acquisitions (“M&A”) market continues to be quite healthy compared to historical periods. The reason the M&A market is so healthy is because of the amount of excess capital available to fund alternative investments. For example, private equity funds (“PE”) and family offices have excess cash on their balance sheets and are looking …

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New revenue recognition standard: accounting for gift cards

Gift cards are a great way to attract new customers, increase your Company’s brand awareness and improve sales. Many gift cards are used in more than one visit by the consumer, and some gift cards never get used. Admit it, you have an un-used gift card hanging out in a drawer at home. So, how …

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Tax considerations when selling your restaurant

Successful restaurant companies are a hot commodity in today’s marketplace with existing operators looking to diversify segments served or leverage economies of scale through acquisition – and let’s not forget the private equity group interest. If you’re thinking of selling your restaurant, it’s important to know the value of your company to get top dollar …

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My takeaways from the Restaurant Leadership Conference

Leading with courage takes many different forms and can be challenging to break tradition or old habits, but it can propel us forward to become better operators and corporate citizens. This year’s Restaurant Leadership Conference (RLC) took place at the JW Marriott Desert Ridge in Scottsdale, Arizona from April 7 – 10 with a theme …

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Top 5 issues facing franchisors today

Being a franchisor in today’s competitive business world, and under the scrutiny of the federal government, brings about many issues that you need to keep track of to remain competitive and compliant with legal matters. Many franchise related lawsuits have elevated issues to the forefront and new technologies have challenged the franchisor/franchisee relationship. Below is …

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Top 5 common 401(k) administration errors by restaurants

Many restaurant companies offer, or plan to offer, a 401(k) option to employees as a retention tool and as a way to remain a competitive employer in the industry. Administering your 401(k) plan can be quite tedious and allows many opportunities to make inadvertent errors which can create havoc with the Department of Labor (DOL) …

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Section 163(j): trap for the unwary!

Although the Qualified Business Income deduction (QBI or “pass through deduction”) receives all the favorable buzz with the new tax law, we want to make sure that you are aware of another provision established by tax reform – Section 163(j) – which is alarming to your tax-geeky CPA. First off, does this sound familiar? You …

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New overtime threshold proposed by Department of Labor

In case you missed it, the U.S. Department of Labor (DOL) announced on March 7, 2019 its proposal to raise the minimum salary for employees to qualify for Fair Labor Standards Act white-collar exemptions from $23,660 per year to $35,308 per year. Employees making less than this amount would automatically be eligible for overtime pay …

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Annual compliance reminders for your 401(k) plan

Year-end compliance tasks are in full swing for employee benefit plans and most likely your company has a 401(k) plan. The administration of 401(k) plans for restaurants can be very tedious and it is easy to overlook or miss an annual deadline or test to be performed. Below is a list of common issues surrounding …

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2018 Restaurant industry year-end lookback

Now that you’ve officially settled into 2019, you’re probably thinking about business opportunities for your restaurant – how to grow sales, reduce turnover or maybe update your menu. As 2018 has come to an end, we want to take this opportunity to look back on the year for a state of the industry assessment to …

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