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Restaurant Accounting Tips Made Simple: Expert Ways to Boost Profits in 2025

Lavu

Balancing your books and managing your finances are not really part of that overarching plan. This also includes payroll taxes and employee benefits. First, employees who work for more than 40 hours weekly have a statutory entitlement to overtime rates for every extra hour worked. This amount does not include your COGS.

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28 Strategies to Cut Costs in the Restaurant Business

Lavu

Book Your Free Demo Now How to Determine Labor Cost Percentage To determine the labor cost for a restaurant, you will need to calculate the total amount of money spent on labor (wages, salaries, benefits, etc.) Examples of fixed costs for a restaurant include rent, insurance, and equipment lease payments.

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What a Nuclear Verdict Means for a Restaurant

Society Insurance

Society Insurance has spent 110 years helping protect businesses and has seen firsthand how nuclear verdicts have evolved in the U.S. Related Serving Up Protection: Navigating Liquor Liability in the Bar and Restaurant Industry What are the implications of nuclear verdicts on the rise? Recent data shows that U.S.

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How Insurance Needs Differ for Traditional Restaurants v. Mobile Food Businesses 

Modern Restaurant Management

Traditional sit-down restaurants and mobile food businesses have uniquely different needs when it comes to insurance. While there is some overlap in coverage needs, it’s important to understand the differences when it comes to insuring your business. Traditional Sit-Down Restaurant Insurance Needs. Property Insurance.

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‘Life Is All About Balance’

Modern Restaurant Management

I think it is very important for business owners, in general, to make a statement that our employees matter and so does their voice,” said Hunter Evans, Chef, at Elvie’s in Jackson, Mississippi. “Health care and mental health are sadly out of reach for many of our employees based on the current system.

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How DoorDash and Postmates Make an Already Dangerous Job Worse

EATER

With her newest book One Fair Wage: Ending Subminimum Pay in America , published in the fall of 2021, Jayaraman furthers the movement. Dynamex stated that most workers are employees and that any company seeking to classify a worker as an independent contractor must meet a stringent burden of proof to do so. Monica Burton.

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Surviving COVID-19: 7 Financing Options for Restaurants

7 Shifts

PPP Loans The Paycheck Protection Program seeks to protect jobs and cover other employee-related expenses by offering small businesses SBA loan amounts up to 2.5 Healthcare costs: group healthcare benefits, insurance premiums, etc. The CEWS covers 75% of an employees' wages (up to $847/week) retroactive to March 15, 2020.