7 Shifts

DECEMBER 4, 2020

Doing payroll," or “running payroll,” encompasses the following: Calculating how much money (including tips) your business owes employees and contractors during a specific pay period. Updating your payroll records in case of an audit. Health insurance plan opt-in forms. After tips, Max makes the state minimum wage of $10/hour.

2021 370

2021 Tip Distribution Restaurant Law Insurance 370

7 Shifts

JUNE 3, 2022

73% of those employees still receive tips. Implement a tip pool. Tip pooling is another way that restaurants are changing up compensation more fair across the board. A tip pool eliminates some of the downsides of tipping like inconsistent wages, an emphasis on “good tables,” and an individual mentality among serving staff.

Tip Distribution 397

Tip Distribution Email Marketing Communication Coaching 397

7 Shifts

MAY 15, 2023

For restaurants, payroll includes hour wages as well as tips, which must be taken into account. Doing payroll," or “running payroll,” encompasses the following: Calculating how much money (including tips) your business owes employees and contractors during a specific pay period. Updating your payroll records in case of an audit.

2023 195

2023 Tip Distribution Audits Restaurant Law 195

7 Shifts

AUGUST 18, 2024

Your restaurant is different so ensure you find your ideal food cost (discussed later) Labor cost : Roughly 30% of revenue including management salaries of 10% Insurance varies by provider and type. Fixed costs include rent, mortgage, salaries, loan payments, license fees, and insurance premiums.

License 370

License Equipment POS Food Supply 370