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No Tax on Tips? What Restaurant Operators Need to Know Now

Modern Restaurant Management

The proposal fulfills campaign promises from both sides of the political aisle, but for restaurant operators, it raises real and immediate questions. If enacted, it could change how teams are paid, how tips are reported, and how restaurants manage compliance, possibly as soon as 2026. Cash tips must be reported consistently.

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Daily, Weekly, Biweekly? What’s the Best Pay Schedule for My Restaurant?

Modern Restaurant Management

Most restaurant operators go with monthly, weekly, or bi-weekly schedules. While it’s simpler for restaurant management, it can lead to cash flow problems for smaller restaurants if they don’t keep their books properly balanced. However, daily payouts may be a bit of a nightmare for management when it comes to tips.

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How Interchange Fees Are Reshaping the Restaurant Industry’s Bottom Line

Modern Restaurant Management

For restaurants, especially those operating on thin margins, these fees can influence pricing strategies, profitability, and even operational decisions. This includes higher prices and reduced cash flow. By incentivizing customers to pay with cash, businesses can offset the costs associated with credit card processing fees.

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Practical Tips for Hiring and Retaining Seasonal Restaurant Staff

Modern Restaurant Management

When gearing up for patio season, holiday rushes, or summer tourism surges, operators rely on a rotating cast of temporary workers to keep the business running smoothly. Develop a repeatable onboarding process that introduces new hires to your team culture, job expectations, and operational procedures.

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The Holiday Rush and Beyond: Six Benefits that Keep Restaurant Teams Engaged

Modern Restaurant Management

Instead of cash alone, consider giving the choice of a memorable experience, such as a gift certificate. Offering earned wage access (EWA) can help alleviate this cash crunch by giving staff immediate access to wages they’ve already earned but haven’t yet received in a paycheck.

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The Strategic Value of Fractional CFOs in Multi-Unit Restaurants

Goliath Consulting

While many restaurants have the “rear-view mirror” covered with staff accountants handling day-to-day transactions, bank reconciliations, or payroll, they often lack the strategic finance “co-pilot” who helps owners and other senior management focus on high-impact decisions that create future value.

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Ready To Sell? Maybe You Should Be

Modern Restaurant Management

While most Dominic’s operators, including me, were focused on the day-to-day challenges of running and building successful restaurants, Vincent made millions of dollars operating just one location. He knew he was a great operator, but he also knew the importance of having an exit strategy.