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

Modern Restaurant Management

Although the IRS and state taxing authorities have initially slowed their pace of audit activity to protect the health and safety of their own employees during these turbulent times, this is only temporary. Consequently, restaurants can expect more aggressive payroll and sales tax enforcement in the near future. What If You Get Contacted.

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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. What most recipients don’t realize, though, is that the SBA has a six-year window in which to audit a PPP loan recipient’s initial application for the loan. triple) damages.

Insurance 118
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8 Reasons Why Restaurant Workers Quit (And How to Retain Them)

7 Shifts

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. And restaurants need people to do things outside their four walls—from marketing to finance to graphic design. When Kaldi's Coffee needed a new graphic designer , they looked within.

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Essentials of Payroll Accounting for Restaurant Groups, Part 2

Restaurant365

Other laws regulate tipped workers, designating minimum wages and rules around pooling shared tips. No matter what laws your restaurant group falls under, it is beneficial to prioritize recordkeeping and audit trails to demonstrate compliance with labor and pay regulations. Conclusion.

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How Restaurants Can Protect Themselves From Cyber Attacks

Modern Restaurant Management

The malware was designed to steal customer names, credit card numbers, and verification codes. Is the vendor’s security audited by a third-party company? A few months back, several Tim Hortons locations were forced to shut down after a computer virus infected cash registers at more than 1000 stores. Is this hardware also secure?

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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.

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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.