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Restaurant Taxes: Top 12 Tax Deductions and Tips For Restaurants

Harbor Touch

If employees receive benefits and compensation, they must be provided for work that employees perform. If you are audited, and the IRS believes you are overcompensating employees based on other amounts reported within the restaurant industry, you may not be able to deduct them fully. Employee Meals. Employee Tips.

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Restaurant Profit Margins: A No-Brainer Guide to Maximizing Your Profits

Notch

You made a 6% profit margin—or just shy of the 2018 industry average of 6.1%. In 2018, Wendy’s saw a profit margin of 15.9%. And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. At the end of the shift, the manager would then inspect the contents of the food box.

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Restaurant Profit Margins: A No-Brainer Guide to Maximizing Your Profits

Notch

You made a 6% profit margin—or just shy of the 2018 industry average of 6.1%. In 2018, Wendy’s saw a profit margin of 15.9%. And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. At the end of the shift, the manager would then inspect the contents of the food box.

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New & Notable: TEAM Schostak Celebrates 40, AI in Food Service and Beachy Tech

Modern Restaurant Management

TEAM Schostak Family Celebrates Anniversary and Employees. TEAM Schostak Family Restaurants (TSFR) is celebrating its 40th anniversary along with the anniversaries of employees that have been with the company for 20 years or more. In 1991 she was promoted to Accounting Manager and in 2009 to Director of Accounting.

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EZ PPP Forgiveness App and Yelp’s New COVID Help

Modern Restaurant Management

Did not reduce the salaries or wages of their employees by more than 25 percent, and did not reduce the number or hours of their employees; OR. Experienced reductions in business activity as a result of health directives related to COVID-19, and did not reduce the salaries or wages of their employees by more than 25 percent. .”

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Virtual Acceleration, Raising the Bar and Insult Monitor

Modern Restaurant Management

US Foods Holding Corp.entered into a definitive agreement to acquire Smart Foodservice Warehouse Stores from funds managed by affiliates of Apollo Global Management, Inc. In addition to product-specific resources, Tipping Point includes e-Learning and training materials to support both restaurant managers and servers.

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MRM Franchise Feed: Sandwiches Up North and Taco John’s Gets Aggressive

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine's Franchise Feed offers a glimpse at what's new in the restaurant franchise and MUFSO environment. She first served as senior internal audit analyst at Yum! Send news to Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. Allen Named CEO at Checkers & Rally's.

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