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Nine Critical HR and Payroll Steps to Prepare Your Restaurant for 2025

Modern Restaurant Management

Simplify Health Insurance Open Enrollment Health insurance is one of the most valuable benefits you offer, so make open enrollment a central, streamlined year-end activity. Auditing Classifications : Double-check exempt versus nonexempt statuses for all employees to avoid costly fines and incorrect paychecks and tax withholdings.

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For Restaurant Owners, Cybersecurity is a People Problem 

Modern Restaurant Management

Restaurants, in particular, often fit the bill for fees and penalties, forensic audits to find out what happened, remediation costs, breach notification, lawsuits, brand damage and more, according to the National Restaurant Association. When these costs begin to pile up, it can be devastating for owner/operators.

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Restaurant Cost Control Strategies Every Operator Should Be Using

ChowNow

Fixed costs like rent, property taxes, insurance, and utilities are all part of your occupancy costs. A quick audit of your operating costs can uncover easy ways to save money and tighten up your systems. Heres how to keep this from getting out of control: Audit all software, subscriptions, and services at least once a quarter.

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Save Big: Top Restaurant Tax Deductions & Credits

Harbor Touch

Equipment and Furniture: Deduct That Big Spend New ovens or tables can cost a chunk, often $5,000 or more. Accounting Tip: Log equipment purchases in your accounting software under equipment. Ive seen audits flag too-generous pay compared to industry norms. Staff pay: salaries, insurance, bonuses. You can too.

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The Ultimate Guide to Restaurant Costs

7 Shifts

Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. In this guide we won't worry too much about the differences, but in general: A restaurant cost is a one-time expenditure on a material resource like food, liquor, dishes or kitchen equipment.

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How Restaurants Can Protect Themselves From Cyber Attacks

Modern Restaurant Management

Is the vendor’s security audited by a third-party company? For many small businesses, the cost of a successful cyber attack can be catastrophic, and for that reason, you should consider taking out cybersecurity insurance and put in a plan in place for how to respond to a hack. Does the vendor need to install hardware?

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MRM Research Roundup: Mid-Year 2020 Edition

Modern Restaurant Management

shows that consumers feel safer when hotels and restaurants raise their cleaning protocols to include hospital-grade disinfectants and third-party audits. Check clean through periodic on-demand training, auditing and verification that procedures have been followed. For those who would choose to travel, purchasing insurance is key.

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