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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. Restaurants should consider maintaining guest receipts and daily point of sale printouts detailing individual sales transactions.

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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 161
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Restaurant Bookkeeping: Comprehensive Guide to Master Bookkeeping

7 Shifts

They speed up your vouching process and help clear up any inconsistencies that could arise during the auditing process. These costs include property tax (if you own the building) and even the insurance you pay for your building and equipment. If not, your lease payments should be reflected here.

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Essentials of Payroll Accounting for Restaurant Groups, Part 2

Restaurant365

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. The ACA requires employers to offer full-time employees compliant health insurance coverage and document this offer for the IRS. Conclusion.

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Winterizing Your Restaurant: Navigating Challenges and Ensuring Sustainability

The Rail

Obtain adequate insurance coverage : Forecasting can typically warn business owners when a major event is on the way; however, even the staunchest storm preppers can’t protect from every possible type of damage. Replace insulation : Insulation replacement is typically only $1.00

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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. When we think about employee benefits, health insurance and retirement (401k) are top of mind. Learn more about tip pooling and how 7shifts can help. Schedules aren't flexible.

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

7 Shifts

If you haven't looked at them in a while, it may be time to audit them and see if they're what your business needs now and to grow in the future. The Play: Do a culture audit and examine your core values. When we think about employee benefits, health insurance and retirement (401k) usually come to mind. Pet insurance.