article thumbnail

COVID-19-Related Government Budget Deficits May Spur Aggressive Payroll and Sales Tax Audits 

Modern Restaurant Management

The days of full dining rooms and crowded bars are gone for now leaving many businesses struggling to pay employees and keep its doors open. This is especially true when times are tough and managers are looking for ways to pay bills. However, restaurants are not alone in their struggles.

Audits 178
article thumbnail

Who has the worst staff turnover? Restaurant Employee Turnover by City and State + Retention Playbook

7 Shifts

What about managers? Track and manage employee workload. What about managers? Managers fared a bit better than hourly employees—with a turnover rate of 28%. Among the over 25 sets, manager recognition (or lack thereof) was one of the top three reasons they left restaurant jobs. Back-of-House and Front-of-House.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How to Buy a Restaurant: An Ultimate Guide

7 Shifts

You have the advantage of a built-out kitchen with equipment, bars and dining rooms, technology, parking lots, and more. They could also be trying to get out of a bad situation—be it management, building, or market related. Have there been any tax audits in the past three to five years?

License 444
article thumbnail

What Trends Are You Seeing and What Can We Expect to See More of in 2022?

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine asked restaurant industry insiders for their views on trends. With more options to work outside of the hospitality industry, operators must offer employees more scheduling flexibility, facilitate transparent communication between management and team members, and avoid overworking staff.

2022 173
article thumbnail

How to Buy a Restaurant: An Ultimate Guide

7 Shifts

You have the advantage of a built-out kitchen with equipment, bars and dining rooms, technology, parking lots, and more. They could also be trying to get out of a bad situation—be it management, building, or market related. Have there been any tax audits in the past three to five years?

License 195
article thumbnail

Coffee News Recap, 30 Sep: SCA announces 2022 WBC and WBrC winners at MICE, new study links daily coffee consumption with increased longevity & other stories

Perfect Daily Grind

Speakers will include Head of Beverages at Nestlé Professional, Patrick Stern, and Relationship Manager at Perfect Daily Grind, Nicholas Yamada. The winner will receive a cash prize of €5,000 (US $4,817). Mon, 12 Sep – Jack’s Stir Brew Coffee merges with Vin Sur Vingt Wine Bars. Registration is now open. Take a look.

2022 135
article thumbnail

Restaurant Taxes: Top 12 Tax Deductions and Tips For Restaurants

Harbor Touch

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. Seems like a no-brainer but maintaining solid files, both physical and electronic, are critical to managing your restaurant. Compensation and Taxes.