Remove Audits Remove Cash Management Remove Hospitality
article thumbnail

No Tax on Tips? What Restaurant Operators Need to Know Now

Modern Restaurant Management

If enacted, it could change how teams are paid, how tips are reported, and how restaurants manage compliance, possibly as soon as 2026. Audits around tipped income are already common and this kind of policy change will only make them more so. Cash tips must be reported consistently. If anything, the scrutiny will increase.

article thumbnail

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. NYSE: APO) (the “Apollo Funds”) for $970 million in cash.

Bar 386
Insiders

Sign Up for our Newsletter

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

article thumbnail

2024 Outlook: Restaurant Trends and Challenges, Part Three

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits.

2024 539
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 450
article thumbnail

What’s Next?: MRM Restaurant Survival Guide Updates

Modern Restaurant Management

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. Checklist app automates daily food safety and operational task management as well as regular maintenance and audit procedures. ” The BOHA!

article thumbnail

Monthly Restaurant Accounting: Tax and Financial Tips 

Paper Chase Accountancy

The restaurant business is a dynamic, fast-paced world where passion for food and hospitality often takes center stage. Professional tips for hospitality accounting that directly contribute to sustained business growth. That’s akin to managing a restaurant without monthly accounting.

article thumbnail

Inflation Is Impacting The Restaurant Industry. Here’s How To Fight It.

7 Shifts

Ruth's Hospitality Group Inc, parent of Ruth's Chris Steak House, is increasing prices by about 2.5% Do an audit on your menu, and check individual item sales. The next largest cost for most restaurants is labor–and there is cash to be saved. Shake Shack has plans to raise prices in Q4 of 2021 from 3 to 3.5 Streamline your menu.