Remove Audits Remove Design Remove Hospitality Remove Insurance
article thumbnail

New PPP Loan Insurance Covers Food Service Establishments if the SBA Later Finds They Were Ineligible for the PPP Loan Program

Modern Restaurant Management

Consider PPP loan insurance to cover damages, legal fees and fines if the SBA determines that your business was ineligible for the loan. Restaurants and other hospitality businesses took in more than $42 billion in U.S. The SBA has said that it will audit PPP recipients to ensure these three requirements were met.

Insurance 153
article thumbnail

8 Reasons Why Restaurant Workers Quit (And How to Retain Them)

7 Shifts

As of 2019, hospitality had a national average turnover rate of 75% , and that's only grown since the pandemic. Whether they're in school, have kids, or need time for auditions, restaurant workers can live the lifestyle they want outside the traditional 9-to-5. When Kaldi's Coffee needed a new graphic designer , they looked within.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Employment Landscape is Messy: How Restaurants Can Ensure Compliance with Limited Resources

Modern Restaurant Management

The public health crisis and swift economic downturn caused by COVID-19, of course, have compounded the complexity of operating a restaurant and complying with the myriad and evolving federal, state, and local guidelines and orders designed to mitigate the health risks of the COVID-19 pandemic.

article thumbnail

How to Streamline Human Resources and Payroll in the Restaurant Industry

Restaurant365

For food service and hospitality in particular, an essential part of the guest experience is the interaction with employees. There are some general areas to focus on when starting to audit your human resources information systems (HRIS) and payroll systems. Design an employee onboarding process. Reporting is required.

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. Property insurance, liability insurance, and other policies designed to protect your physical restaurant location(s), employees, and customers.

article thumbnail

Sample Blog Layout

Restaurant365

For food service and hospitality in particular, an essential part of the guest experience is the interaction with employees. There are some general areas to focus on when starting to audit your human resources information systems (HRIS) and payroll systems. Design an employee onboarding process. ServSafe Certifications.

Blog 78
article thumbnail

7 Common Restaurant Payroll Mistakes

7 Shifts

Then, out of the blue, these labor audit folks showed up, and man, did they find a heap of issues. And the audit was a pain in the neck—he had to dig out all sorts of paperwork and answer a million questions, which ate into the time he should have been spending running his place. Most common labor payroll mistakes 1.